EMA_RSI_Robot.mq4

MQL5 Indicators Strategy optimization

Specification

//+------------------------------------------------------------------+
//| EMA + RSI Forex Robot (Safe for $5 Cent Account) |
//| Created by ChatGPT |
//+------------------------------------------------------------------+
#property strict

input int EMA_Fast = 50;
input int EMA_Slow = 200;
input int RSI_Period = 14;
input double LotSize = 0.01;
input int StopLoss = 30; // in pips
input int TakeProfit = 60; // in pips
input int Slippage = 3;

int ticket;

//+------------------------------------------------------------------+
int OnInit()
  {
   return(INIT_SUCCEEDED);
  }
//+------------------------------------------------------------------+
void OnTick()
  {
   //--- Check if a trade already exists
   if(OrdersTotal() > 0) return;

   //--- Indicators
   double emaFast = iMA(NULL,0,EMA_Fast,0,MODE_EMA,PRICE_CLOSE,0);
   double emaSlow = iMA(NULL,0,EMA_Slow,0,MODE_EMA,PRICE_CLOSE,0);
   double rsi = iRSI(NULL,0,RSI_Period,PRICE_CLOSE,0);

   //--- Price
   double ask = NormalizeDouble(Ask,Digits);
   double bid = NormalizeDouble(Bid,Digits);

   //--- StopLoss/TakeProfit levels
   double sl,tp;

   //--- BUY Condition: Uptrend + RSI > 50
   if(emaFast > emaSlow && rsi > 50)
     {
      sl = bid - StopLoss * Point * 10;
      tp = bid + TakeProfit * Point * 10;
      ticket = OrderSend(Symbol(),OP_BUY,LotSize,ask,Slippage,sl,tp,"EMA+RSI BUY",0,0,clrGreen);
     }

   //--- SELL Condition: Downtrend + RSI < 50
   if(emaFast < emaSlow && rsi < 50)
     {
      sl = ask + StopLoss * Point * 10;
      tp = ask - TakeProfit * Point * 10;
      ticket = OrderSend(Symbol(),OP_SELL,LotSize,bid,Slippage,sl,tp,"EMA+RSI SELL",0,0,clrRed);
     }
  }
//+------------------------------------------------------------------+

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Project information

Budget
30 - 500 USD
Deadline
from 5 to 10 day(s)

Customer

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Arbitrage count0