EA for Deriv MT5 Step index - entries based on RSI

EA description:

·       EA to work solely on Deriv MT5 Step index

·       EA to take entries based on signals from the RSI – to take entries on 1M and 5M signals with EA only running on one chart (Any time frame)

·       Both buy and sell entries to be taken (Not only buy/only sell. Signal = entry BUT only 1 sell entry and 1 buy entry at a time per time frame. Max 4x entries: 1M sell+1M buy and 5M sell+5M buy at any given time)

·       EA should have a fixed % for TP and SL + daily % target that if reached the EA stops for the rest of the day.

Eg: Fixed TP = 1% / Daily TP = 5%

EA should close all open positions when equity reaches 1% of account balance. EA should stop for the rest of the day when 5% overall profit is reached.

·       Lots will be calculated automatically

·       EA should have a security function (Need advice here – not sure how it works. Key code/linked to account??)

Please respond and advise what will work best and make the EA most secure. I want to grant access for the EA to work.

·       EA should be coded in such a way that you don’t need to add the RSI indicator to the chart and that it will run on the MT5 VPS

·       Only inputs visible when adding the EA to the chart will be:

Security key input

Single TP %

Daily TP %

(All other inputs to be hidden)

EA operating inputs (Hidden, not visible when added to chart):

·       Lot size: 0.1 per $150 account balance ($750 balance = 0.5 lot)

·       RSI input: 14 period; 30/70 level – buy/sell at overbought and oversold conditions (EA to monitor 1M and 5M at the same time for entries. If EA is in a sell and there is a buy signal, trade should be taken.)

·       Grid trading allowed: Equal lot every 70 points from entry if in drawdown. Max 4 grid trades per 1M and 5M

·       EA comment: “First step to freedom EA”

EA operating inputs (Adjustable):

·       TP% (Input value eg. 2%) Closes all open orders when equity is 2% more than balance

·       Daily Target % (Input value eg. 10%) Stops EA for rest of the day when equity total for the day is 10%

·       Max Drawdown % (Input value eg. 25%) Stops EA, closes all open trades when drawdown reaches 25% of current balance