Expert Advisor Based on RSI + Price Action Needed (MT5)

Specification

🧠 Job Title:

📈 Expert Advisor Based on RSI + Price Action Needed (MT5)


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📝 Project Description:

I am looking for a skilled MT5 developer to create an automated trading robot (Expert Advisor) that combines RSI signals with price action confirmations. The EA should be efficient, user-friendly, and configurable for different trading conditions. It must include risk management tools and be compatible with the MT5 Strategy Tester.


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📋 Strategy Logic & Requirements:

1. Trading Platform:

MetaTrader 5 (MT5)


2. Indicators & Logic:

RSI (Relative Strength Index)

Price Action (Bullish/Bearish Engulfing Patterns)

Optional filter: 50-period Moving Average



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📈 Buy Entry Conditions:

RSI crosses below 30, then back above 30

A bullish engulfing candle appears within 3 candles of the RSI cross

(Optional) Price is above 50-period MA



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📉 Sell Entry Conditions:

RSI crosses above 70, then back below 70

A bearish engulfing candle appears within 3 candles of the RSI cross

(Optional) Price is below 50-period MA



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🔓 Exit Conditions:

Take Profit (TP) and Stop Loss (SL) set in pips or based on ATR

Optional: Trailing stop, break-even function



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📊 Risk & Money Management:

Lot size: Fixed or % of account balance

Max trades per day: Adjustable

Trading time window: Set specific hours (e.g., 08:00–17:00)

Optional: News filter (no trades during high-impact news)



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⚙️ Input Settings:

RSI period, level

Enable/Disable MA filter

TP / SL (pips or ATR multiplier)

Trailing Stop toggle

Magic number

Comment field for trade labeling

Max spread

Trade session start/end time



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🧪 Backtesting & Optimization:

Must run on MT5 Strategy Tester

All parameters adjustable for optimization

Provide .set files or presets for testing



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📁 Deliverables:

Source code (.mq5)

Compiled file (.ex5)

Installation & usage guide

1 week of support for bug fixes and minor adjustments



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⏳ Deadline:

30 calendar days from project start


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💰 Budget:

Please provide a cost estimate based on the above. Open to negotiation based on your experience and delivery speed.

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Project information

Budget
50 - 200 USD
Deadline
from 1 to 30 day(s)