Specification
Specification (Description):
I need an Expert Advisor (EA) for MetaTrader 5 that trades automatically based on a Simple Moving Average (SMA) crossover strategy.
The EA should include Take Profit, Stop Loss, Trailing Stop, and Breakeven features.
Entry Rules:
- Buy Order: When the Fast SMA crosses above the Slow SMA.
- Sell Order: When the Fast SMA crosses below the Slow SMA.
- Only one trade open per signal (no duplicate entries).
- Optional filter: trade only once per crossover (ignore small whipsaws).
Exit Rules:
- Each trade must include:
- Take Profit (TP): adjustable (default 30 pips)
- Stop Loss (SL): adjustable (default 20 pips)
- Option to close current trade when the opposite crossover signal appears.
Trailing Stop:
- Optional Trailing Stop feature (default off).
- When enabled, the Stop Loss will move automatically as the trade moves in profit.
- Adjustable Trailing Distance (default 10 pips).
Breakeven:
- Optional Breakeven feature (default off).
- Moves Stop Loss to entry price once a certain profit is reached.
- Adjustable Breakeven Trigger (default 15 pips) and Offset (default +2 pips).
Inputs / Parameters:
- Fast SMA Period (default: 10)
- Slow SMA Period (default: 50)
- Take Profit (default: 30 pips)
- Stop Loss (default: 20 pips)
- Trailing Stop Distance (default: 10 pips)
- Breakeven Trigger (default: 15 pips)
- Breakeven Offset (default: 2 pips)
- Lot Size (default: 0.10)
- Magic Number
- Slippage
- Comment (optional)
Additional Requirements:
- EA must work on any currency pair and any timeframe.
- Should not repaint or re-enter before a confirmed crossover.
- Optional: show a small info panel on the chart displaying:
- Current SMA values
- Trade direction (Buy/Sell)
- Current profit/loss of open trade
- Clean and efficient code, easy to edit in MetaEditor 5.
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