Triple Trend Trader Manual – Other – 1 December 2024

Detailed Installation and Usage Manual for the Triple Trend Trader EA

1. Introduction

The Triple Trend Trader EA is a sophisticated trading system that uses three Supertrend indicators on multiple timeframes to identify trend changes and execute trades. Combined with a grid recovery system, the EA aims to capitalize on trend movements while managing positions during market reversals.

This guide explains how to activate the EA, configure its parameters, and utilize its strategy effectively.

2. Installation Guide

Step 1: Download the EA

• MetaTrader 5 Market: After purchasing or downloading the EA from the MQL5 Market, it will be automatically installed in the Experts section of your MT5 platform.

Step 2: Refresh the Navigator

1. Open your MetaTrader 5 platform.
2. Press Ctrl+N to open the Navigator panel.
3. Right-click anywhere in the Navigator and select Refresh .
4. The Supertrend Grid Recovery EA will now appear under Expert Advisors .

Step 3: Attach the EA to a Chart

1. Open a chart for the currency pair you wish to trade (e.g., EURUSD or GBPUSD).
2. Drag and drop the EA from Expert Advisors onto the chart.
3. When prompted, accept any permissions for automated trading.

Step 4: Enable Algo Trading

1. Ensure the Algo Trading button at the top of the MT5 platform is green (enabled).
2. Verify that a smiley face appears in the top-right corner of the chart, indicating the EA is running.

3. Understanding the EA’s Strategy

Core Strategy

The EA identifies trends using three aligning Supertrend indicators:

• High Timeframe: Determines overall market direction.
• Medium Timeframe: Confirms intermediate trends.
• Low Timeframe: Used for precise entry signals.

Trade Execution

1. Trend Alignment: Trades are opened only when all three Supertrend indicators align in the same direction:

   • Buy: All indicators signal bullish trends.
   • Sell: All indicators signal bearish trends.

2. Grid Recovery System:

   • If the market moves against the initial trade, the EA places additional trades (grid orders) at predefined intervals.
   • These grid orders help recover losses during reversals.

3. Take Profit Management:

   • A combined take profit (TP) is calculated dynamically, considering all open positions.
   • Once the TP level is hit, all trades are closed.

4. Risk Management:

   • Stop-loss (optional) for individual trades.
   • Maximum loss protection ensures all trades are closed if the total loss exceeds a user-defined USD threshold.

4. Configuring the EA

After attaching the EA, the Inputs window allows you to customize the settings. Below are the key parameters and their recommended configurations:

General Settings

• Magic Number: A unique identifier for the EA’s trades (default: 5354 ).
• Max Spread: Maximum allowable spread in points (e.g., 20 ). Helps avoid trading during high-cost periods.
• Enable Buying/Selling: Turn specific trade directions on/off as needed.

Money Management

• Use Auto Lot Sizing: Enable dynamic lot sizing based on account balance.
• Initial Lot Size: The lot size for the first trade (e.g., 0.01 ).
• Max Lot Size: Upper limit for lot size (e.g., 0.1 ).

Supertrend Parameters

• Timeframes: Choose the high, medium, and low timeframes (e.g., M15 , M10 , M5 ).
• ATR Period: The lookback period for ATR calculations (default: 27 ).
• Multiplier: The ATR multiplier to calculate Supertrend levels (default: 5 ).

Grid Trading Parameters

• Max Grid Levels: Maximum number of additional trades (e.g., 10 ).
• Grid Step: Distance between grid orders in points (default: 50 ).
• Lot Multiplier: Increases lot size for each grid level (default: 1.5 ).
• Initial Grid Orders: Number of grid trades before the lot multiplier changes (default: 3 ).
• Secondary Grid Step: Larger step for additional grid levels (default: 100 ).
• Align Grid with Supertrend: Ensures grid orders follow trend changes.

Risk Management

• Stop Loss: Optional; set in points (default: 0 to disable).
• Take Profit: Fixed TP for individual trades (default: 200 points).
• Max Loss USD: Defines the maximum loss threshold (e.g., 1000 USD).

Time and Day Filters

• Enable Time Filter: Allows trades only during specific hours.
• Day Filter: Restricts trading to selected days (e.g., Monday-Friday).

5. Using the EA

Live Trading

1. Ensure the chart symbol and timeframe match your trading strategy.
2. Check the EA’s panel for live updates on:
   • Account balance and equity.
   • Open positions and current profit/loss.
   • Spread and other metrics.

Monitoring Trades

• Trend Changes: The EA dynamically adjusts to trend shifts by opening trades aligned with the updated direction.
• Grid Orders: View grid orders on the chart as additional positions open during reversals.

Optimizing Performance

• Use the MT5 Strategy Tester to backtest different parameter configurations.
• Monitor results and adjust settings such as grid step, lot multiplier, and time filters for optimal results.

6. Practical Tips

1. Start on a Demo Account:
   • Test the EA thoroughly on a demo account to understand its behavior in different market conditions.
2. Use VPS Hosting:
   • Run the EA on a VPS for uninterrupted operation, especially if trading volatile pairs like GBPUSD.
3. Manage Risk:
   • Regularly review your risk settings (e.g., max loss and lot sizes) to ensure they align with your capital and risk appetite.

7. Troubleshooting

• EA Not Trading:
  • Verify the Algo Trading button is enabled.
  • Ensure the spread is within the allowed limit.
  • Check if trading is restricted by time or day filters.
• Errors in Journal:
  • Open the Journal tab in MT5 for error messages and troubleshoot accordingly.

8. Disclaimer

Important Notice: Read Before Using the EA

This Expert Advisor (EA) is a tool for automated trading, designed to assist users in their trading activities. By purchasing, downloading, or using this EA, you acknowledge and agree to the following terms:

1. No Guarantee of Profit

• Trading involves significant financial risk, including the potential for substantial losses.
• This EA employs grid and martingale strategies, which are inherently high-risk and can result in complete account depletion during unfavorable market conditions.
• Past performance, whether real or simulated, does not guarantee future results.

2. User Responsibility

• You are solely responsible for the operation of this EA, including but not limited to:
  • Setting parameters such as lot sizes, risk levels, and account configurations.
  • Monitoring trades and managing your account appropriately.
  • Ensuring the EA is tested on a demo account before live use.
• All decisions to trade, including those made using this EA, are yours alone. You are responsible for any and all financial outcomes resulting from the use of this EA.

3. Risk Acknowledgment

• Trading forex, CFDs, or other financial instruments involves high risk and is not suitable for everyone.
• Using a martingale or grid system can significantly amplify losses in unfavorable markets.
• This EA does not guarantee profitability, and its use may lead to financial losses that exceed your initial deposit.
• Do not trade with funds you cannot afford to lose.

4. Limitation of Liability

• The developer of this EA is not responsible for:
  • Financial losses incurred while using this EA.
  • Misuse, improper settings, or operation of the EA by the user.
  • Market conditions, broker performance, or platform issues that may affect the EA’s operation.
  • Regulatory or legal actions arising from the use of this EA in jurisdictions where its use may be restricted.

5. Misrepresentation

• The developer does not make any claims or guarantees about:
  • Specific returns or profit targets.
  • The EA being risk-free or suitable for all market conditions.
• Any claims of performance metrics, if provided, are for informational purposes only and are not guarantees of future results.

6. Regulatory Compliance

• It is the user’s responsibility to ensure compliance with all applicable laws and regulations regarding the use of automated trading systems in their jurisdiction.
• The EA is provided “as is” and is not classified as financial advice or a regulated financial product.

7. Testing and Validation

• Users are strongly advised to:
  • Test the EA on a demo account for a significant period before deploying it on a live trading account.
  • Adjust risk settings to align with their financial situation and trading goals.
• The developer is not liable for any issues arising from inadequate testing or inappropriate configuration by the user.

8. No Refund Policy

• As per the terms of purchase on the MQL5 Market, all sales are final. Refunds are not provided for digital products once they are downloaded.

9. Intellectual Property

• This EA is a proprietary product, and unauthorized sharing, distribution, or modification of the EA is strictly prohibited and may result in legal action.

10. Indemnification

• By using this EA, you agree to indemnify and hold harmless the developer against any claims, losses, damages, liabilities, or expenses arising out of your use of the EA.

Final Note

By using this EA, you confirm that you have read, understood, and agreed to this disclaimer in its entirety. If you do not accept these terms, you should not use this EA.