An Expert Advisor based EXPONETIAL MOVING AVERAGES (13) and (50) and (200)

1. Instruments

Bot operates ONLY on:

• UK100 (FTSE 100 Cash)
• CASH30 (Dow Jones / DJI30)
• GOLD (XAUUSD)

Developer Note:
Please ensure proper handling of contract sizes and point values for indices vs gold when calculating lot size.

2. Chart & Timeframes

Primary Execution Timeframe:

➡ M15

Higher Timeframe Bias:

➡ H1

Trades are allowed ONLY in the direction of H1 EMA200:

• BUY allowed only if H1 price is above H1 EMA200
• SELL allowed only if H1 price is below H1 EMA200

If condition not met → no trades.

3. Indicators

Apply on M15:

• EMA 13 (short momentum)
• EMA 50 (medium trend)
• EMA 200 (long anchor)

Apply on H1:

• EMA 200 (directional bias)

4. Trading Session Filter

Bot may trade ONLY during:

London + New York Kill Zone

(Broker server time adjustable)

Default:

08:00 – 17:00 London Time

Outside this window → NO entries.

5. Daily Trade Limit

Maximum:

➡ 3 trades per instrument per day.

Daily counter resets at:

➡ 00:00 broker server time.

6. Market Structure Filter (Anti-Chop Rule)

Before any setup is valid:

EMA Separation Requirement:

Distance between EMA50 and EMA200 must be ≥ ATR(14) × 0.5

If EMAs are compressed → no trade.

7. Momentum Confirmation Filter

Entry candle must satisfy:

• Candle body ≥ 60% of total candle range
• Candle closes in trade direction
• EMA13 slope must be positive (BUY) or negative (SELL)

Otherwise → ignore signal.

8. Two-Stage Entry Logic

Stage 1 – Momentum Cross

BUY Setup:

EMA13 crosses ABOVE EMA50 (confirmed on candle close)

SELL Setup:

EMA13 crosses BELOW EMA50 (confirmed on candle close)

This creates a pending setup state.

Setup Expiry Rule

If EMA200 confirmation does NOT occur within:

➡ 10 closed M15 candles

Then invalidate setup.

Stage 2 – Trend Confirmation (Execution)

BUY Entry:

• Price OR EMA13 crosses ABOVE EMA200
• H1 bias aligned
• Momentum + structure filters valid
• Session valid
• Spread acceptable

SELL Entry:

• Price OR EMA13 crosses BELOW EMA200
• H1 bias aligned
• Momentum + structure filters valid
• Session valid
• Spread acceptable

9. Position Rules

• Only ONE open trade per instrument at any time.
• No stacking.
• No immediate reversal on opposite signal.
• New setup allowed only after previous trade closes.

10. Stop Loss Logic

SL is placed at the tighter of:

A) Previous swing high/low
B) Fixed 1% account risk

Swing Definition:

Swing High = Highest high of last 5 closed candles
Swing Low = Lowest low of last 5 closed candles

Whichever gives smaller risk distance is used.

11. Risk Management

Risk per trade:

➡ Exactly 1% of account balance.

Reward target:

➡ 3R (1:3 Risk-Reward)

Lot size must be dynamically calculated based on:

• Account balance
• SL distance
• Instrument contract size
• Point value

12. Spread & Slippage Protection

Before order execution:

• Max spread allowed: – Indices: ≤ broker average × 1.5
– Gold: ≤ broker average × 1.2

• Max slippage: 2 points

If exceeded → cancel trade.

13. News & Volatility Safety (Optional but Recommended)

Do NOT open new trades within:

➡ 15 minutes before or after high-impact news on traded instrument.

(Open trades may continue.)

14. Execution Rules

• Entries executed at candle close only.
• No intra-bar trading.
• No partial closes.
• TP and SL placed immediately upon entry.

15. Logging Requirements

Bot must log:

• Instrument
• Entry type (Buy/Sell)
• Entry price
• SL / TP
• Risk size
• Reason for trade
• Setup expiration
• Daily trade count

Exportable to CSV.

16. Fail-Safe Conditions

Bot must halt trading if:

• Account drawdown reaches 5% in a day
• Connection lost
• Price feed invalid
• Order rejected twice consecutively

This algorithm trades:

Momentum
EMA Structure
Higher Timeframe Direction
Session Liquidity

Avoids:

✘ Chop
✘ Weak crosses
✘ Overnight noise
✘ Overtrading