An Expert Advisor Based On Moving Avg + Candlestick Paterns

🔹 Timeframe: 5-Minute Chart

🔹 Indicators Used:

• EMA 9 (Green Line) – Short-term trend indicator

• EMA 15 (Red Line) – Mid-term trend indicator

🔹 Entry Conditions:

The strategy looks for specific candle patterns that break both EMA 9 and EMA 15 in the direction of the prevailing trend. The EMAs must be trending, meaning they should be sloping and not flat (indicating momentum).

✅ A trade is considered only if both conditions are met:

• EMA 9 and EMA 15 are clearly trending (not flat or sideways)

• One of the candle patterns listed below breaks through both EMAs (candle's high or low crosses both EMAs)

🔹 Valid Entry Patterns (must break EMA 9 & EMA 15):

1. Morning Star / Pin Bar Candle (Bullish)

   • Look for a morning star or pin bar formation near the EMAs

   • Enter when the breakout candle closes above both EMAs

2. Bullish Candle Break

   • A strong bullish candle with a close above both EMAs

3. Big Bar Candle Break (Bullish)

   • A large bullish candle breaking both EMAs clearly with high volume or momentum

4. Bearish Candle Break

   • A strong bearish candle closing below both EMAs

5. Bearish Engulfing Break (Pattern 1)

   • Bearish engulfing pattern where the engulfing candle breaks and closes below both EMAs

6. Bearish Engulfing Break (Pattern 2)

   • Same as above; a second condition for redundancy or additional confirmation

🔹 Trend Filter (Very Important):

• EMA 9 and EMA 15 must be sloping (not flat)

  • If the EMAs are flat or overlapping (indicating sideways market), no trade should be taken

🔹 Risk Management:

• Stop Loss:

  • Set at the previous candle’s wick (high for short, low for long)

• Take Profit:

  • Set using a 1:2 risk-to-reward ratio

  • E.g., if SL = 10 pips, TP = 20 pips