Trading Strategy for XAU/USD & NAS100 (MT5 EA Development)

Objective:

Develop an MT5 Expert Advisor (EA) that trades XAU/USD and NAS100, ensuring strict risk management and high trade frequency, but only one trade at a time.

Trading Rules & Conditions:

1️⃣ Entry Rules (Trade Conditions)

• The EA should enter a BUY trade when the market is trending upward based on indicators.
• The EA should enter a SELL trade when the market is trending downward based on indicators.
• Use the following indicators:
  • EMA 5 (White, Thickness 3, Smoothing 5)
  • EMA 20 (Blue, Thickness 2, Smoothing 5)
  • EMA 25 (Purple, Thickness 2, Smoothing 5)
• A BUY signal occurs when EMA 5 crosses above EMA 20 and EMA 25 on a 5-minute chart.
• A SELL signal occurs when EMA 5 crosses below EMA 20 and EMA 25 on a 5-minute chart.
• Only open a new trade after the previous trade is closed.

2️⃣ Risk Management (Loss Control)

• Max Loss Per Trade: 3% of account balance
• Min Profit Per Trade: 5% of account balance
• Trailing Profit: Enabled
• Stop Loss & Take Profit: Calculated dynamically based on volatility
• Max Open Trades: Only one trade at a time
• Trading Frequency: Open as many trades as possible per day, following the above rules

3️⃣ Trading Conditions & Execution

• The EA should only trade on the 5-minute chart (M5).
• The EA should check for spread conditions before opening trades (Avoid trading if the spread is too high).
• The EA should work on both real & demo accounts.
• The EA should have a user-friendly input panel to customize:
  • Trading pair selection (XAU/USD & NAS100)
  • Risk % per trade
  • Enable/Disable trailing profit
  • Take Profit & Stop Loss settings

4️⃣ Additional Requirements

• The EA must be fully automated with clear logging of executed trades in the Journal.
• The EA must be optimized for low latency execution.
• The EA must display indicators on the chart when attached.
• The code should be efficient, bug-free, and optimized for speed.