Spezifikation
MT5 EA DEVELOPMENT SPECIFICATION CHANNEL + RSI REVERSAL STRATEGY
I need a professional MetaTrader 5 Expert Advisor based on the following exact strategy.
1. Core Strategy
The EA must automatically identify a valid price channel using confirmed swing highs and swing lows.
The strategy trades reversals from the channel extremes:
SELL: Upper channel + RSI above 70 + bearish rejection.
BUY: Lower channel + RSI below 40 + bullish rejection.
The EA must not enter simply because RSI reaches 70 or 40. All required conditions must be satisfied.
2. SELL Conditions
Open a SELL only when:
1. A valid channel has been identified.
2. Price reaches/touches the upper channel boundary or configurable tolerance zone.
3. RSI(14) is above 70 on the closed confirmation candle.
4. The confirmation candle rejects the upper channel.
5. The candle closes back inside the channel.
6. There is no existing EA position.
7. Spread and risk-management conditions are acceptable.
After confirmation, execute the SELL at the opening/current price of the next candle.
SELL SL: Above the upper channel + configurable buffer.
SELL TP: Default = channel middle line.
3. BUY Conditions
Open a BUY only when:
1. A valid channel has been identified.
2. Price reaches/touches the lower channel boundary or configurable tolerance zone.
3. RSI(14) is below 40 on the closed confirmation candle.
4. The confirmation candle rejects the lower channel.
5. The candle closes back inside the channel.
6. There is no existing EA position.
7. Spread and risk-management conditions are acceptable.
After confirmation, execute the BUY at the opening/current price of the next candle.
BUY SL: Below the lower channel − configurable buffer.
BUY TP: Default = channel middle line.
4. Channel Rules
The channel must be calculated automatically from confirmed swing points.
Use confirmed historical data only.
Minimum requirements:
Confirmed swing highs/lows
Configurable swing strength
Minimum channel validity requirements
Configurable channel-touch tolerance
Automatic channel updating
Channel invalidation when there is a confirmed decisive breakout
The channel must contain:
Upper Channel + Middle Channel + Lower Channel
Middle:
Middle = (Upper + Lower) / 2
5. Non-Repainting Requirement
This is mandatory.
The EA must:
Never use future candles.
Never use future swing points.
Never use look-ahead data.
Never generate signals from the currently forming Candle 0.
Use closed-candle confirmation.
Never change historical signals after they have been confirmed.
6. Trade Management
Default:
Maximum open positions: 1
No martingale
No grid
No averaging down
No uncontrolled position stacking
No immediate duplicate entry from the same signal
After a position closes, wait for a completely new valid setup.
7. Risk Management
Provide inputs for:
Fixed lot
Risk percentage
Maximum spread
Maximum daily loss
Maximum daily trades
Maximum consecutive losses
Trading session
Magic number
The EA must calculate the correct lot size when Risk % mode is selected based on the actual SL distance and symbol specifications.
8. RSI Inputs
Make these adjustable:
RSI Period = 14
SELL RSI Level = 70
BUY RSI Level = 40
RSI must be calculated from the closed confirmation candle.
9. SL
Use a dynamic channel-based SL.
Default:
SELL = Upper Channel + ATR buffer
BUY = Lower Channel - ATR buffer
ATR period and multiplier must be configurable.
10. TP
Default:
SELL → Middle Channel
BUY → Middle Channel
Also provide optional TP modes for testing:
1 = Middle Channel
2 = Opposite Channel
3 = Risk/Reward
But Middle Channel must remain the default strategy.
11. Dashboard
Create a professional chart dashboard showing:
Current symbol
Timeframe
Channel status
Upper channel
Middle channel
Lower channel
Current RSI
BUY condition
SELL condition
Current spread
Current position
Daily profit/loss
Number of trades today
EA status
The dashboard should also explain why a trade is not being taken, e.g.:
WAITING — RSI = 56, SELL requires >70
12. Alerts
Optional:
BUY signal
SELL signal
Trade opened
TP
SL
Channel invalidation
Daily protection activated
13. Important Development Rule
Do not change or add trading logic without my approval.
If any part of the strategy is technically ambiguous, ask before implementing it.
The EA must first be delivered with the pure Channel + RSI strategy so that the underlying strategy can be backtested independently before adding advanced trade-management features.
Build an MT5 non-repainting Channel + RSI Reversal EA that sells confirmed rejection from the upper channel when RSI >70 and buys confirmed rejection from the lower channel when RSI <40, using dynamic channel-based SL, middle-channel TP, closed-candle confirmation, one trade at a time, and no future-data, martingale, or grid logic.
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Kunde
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