Plug and play EA required for small accounts

Plug-and-Play EA Specifications

1. Strategy Logic

• Type: Trend-Following with Moving Averages.

• Indicators:

  • 50-period Simple Moving Average (SMA).

  • 200-period Simple Moving Average (SMA).

• Timeframe: H1 (1-hour chart) – preconfigured and not adjustable by the trader.

• Currency Pairs: EURUSD (preconfigured, but can be expanded if needed).

2. Entry Conditions

• Buy Signal:

  • 50 SMA crosses above the 200 SMA (Golden Cross).

  • Price closes above the 200 SMA for confirmation.

• Sell Signal:

  • 50 SMA crosses below the 200 SMA (Death Cross).

  • Price closes below the 200 SMA for confirmation.

3. Exit Conditions

• Take Profit: Fixed at 1:2 risk-reward ratio (preconfigured).

• Stop Loss: Placed at the recent swing low (for buys) or swing high (for sells).

• Trailing Stop: Activated at 20 pips in profit, trailing by 10 pips (preconfigured).

4. Risk Management

• Risk per Trade: Fixed at 1% of the account balance (preconfigured).

• Lot Size Calculation:

  Lot Size = Account Balance × 0.01 Stop Loss in Pips × Pip Value Lot Size=Stop Loss in Pips×Pip ValueAccount Balance×0.01​

• Maximum Drawdown:

  • Stop trading if the account reaches a 5% daily drawdown or 10% total drawdown (preconfigured).

• Max Open Trades: Limited to 1 trade at a time (preconfigured).

5. Additional Filters

• Time Filter: Only trade during London and New York sessions (preconfigured).

• News Filter: Avoid trading during high-impact news events (use an economic calendar API or preloaded news data).

• Daily/Weekly Stop:

  • Close all trades and stop trading if the account reaches a 5% daily profit or 10% weekly profit (preconfigured).

6. User Interface (UI)

• The EA should have a simple interface with the following options:

  • On/Off Switch: To enable or disable the EA.

  • Account Balance Display: Show the current account balance.

  • Risk Percentage: Preconfigured at 1% (non-adjustable).

  • Trade Status: Display whether the EA is active, in a trade, or stopped due to drawdown/profit limits.

7. Error Handling

• The EA should log all errors (e.g., connectivity issues, margin errors) and stop trading if any critical error occurs.

• It should automatically resume trading once the issue is resolved.

8. Backtesting and Optimization

• The developer should backtest the EA on EURUSD H1 for at least 2 years of historical data.

• Optimize the parameters (e.g., SMA periods, trailing stop distance) to ensure robustness.

• Perform Monte Carlo simulations to test the EA’s performance under different market conditions.
  
  9) Licensing - basic licensing will do