Updated EA Description (with Max. Open Trades & MTF MA Filter)

MQL5 Indicators Experts Forex

Specification

Updated EA Description (with Max. Open Trades & MTF MA Filter)

Core Features (already existing):

Candlestick formation entry logic.

Daily minimum drawdown & maximum profit target.

ATR-based stop loss and take profit.

Trailing stop.

Breakeven.

New Additions:

Relative Strength Index (RSI):

Flexible parameters (user can edit period & levels).

Used for both entry confirmation and exit options.

Stochastic Oscillator (Stoch):

Flexible parameters (user can edit).

Used for additional entry confirmation and/or exit signals.

Multi-Timeframe Moving Average (MTF MA) Filter:

User selects 2 or 3 EMAs (e.g., 25 EMA, 75 EMA, 200 EMA).

User selects filter timeframe (e.g., H1, H4, D1).

EA only takes trades if lower timeframe candlestick + indicators align with higher timeframe MA filter direction.

✅ Example: If 25 EMA > 75 EMA on H4 → Only Buys allowed on M15/M1.

Max. Open Trades:

User sets maximum number of open trades at any given time (e.g., 1, 3, 5).

If the limit is reached, EA will not open new trades until one closes.

Flexibility:

All settings (RSI, Stoch, MA, ATR, Max. Open Trades, Profit Target, Drawdown) should be editable in EA inputs so user can optimize and adjust anytime.

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