All orders
Rules
Specification
Here is a brief requirement document for developing an MT5 Expert Advisor (EA) based on the provided UT Bot Alerts Pine Script:
📌 EA Requirement: UT Bot Alerts Strategy (MT5)
🔍 Strategy Overview
This Expert Advisor will replicate the logic of the UT Bot Alerts TradingView indicator using ATR-based trailing stop logic and Heikin Ashi (optional) input for trade signals. It generates buy/sell signals based on price crossing the trailing stop derived from ATR.
🎯 Entry Rules
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Buy Entry:
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Price ( src ) is above the ATR trailing stop.
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Price has crossed above the ATR trailing stop (i.e., crossover occurred).
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Sell Entry:
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Price ( src ) is below the ATR trailing stop.
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Price has crossed below the ATR trailing stop (i.e., crossunder occurred).
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Heikin Ashi Option:
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If enabled, signals are calculated using Heikin Ashi candle close values.
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🔄 Exit/Close Logic
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Optional trailing stop could be implemented using the same xATRTrailingStop level as a dynamic SL.
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Alternatively, user-defined take profit (TP) and stop loss (SL) levels can be added.
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Only one trade should be active at a time: before opening a new trade in the opposite direction, the current one must be closed.
⚙️ Inputs / Parameters
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KeyValue (a) : Sensitivity multiplier for ATR trailing stop (default: 1.0)
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ATRPeriod (c) : ATR period for trailing stop calculation (default: 10)
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UseHeikinAshi (h) : Boolean flag to use Heikin Ashi candles instead of regular price (default: false)
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LotSize : Fixed or dynamically calculated based on account balance (optionally enable compounding)
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MagicNumber : For identifying EA trades uniquely
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Slippage , MaxOrders , etc.: Standard trade management options
🔔 Alerts (Optional)
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Log/Comment when a buy/sell signal is detected.
🛠️ Additional Features
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Trailing Stop: Dynamic SL adjustment following ATR logic.
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Dynamic Lot Size: Based on balance or risk percentage.
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Backtest Optimization Inputs: Allow tuning of ATR period, key value, and Heikin Ashi usage.