I NEED A EA MT5 FOR SCALPING WITH BREAKOUT STRATEGY

Specification

I need an EA script for MT5 based on a Channel Breakout Strategy.

I. Entry Conditions (Breakout Rules): (Using with BTCUSD ETHUSD in low TF M1-5)

  • Long Entry Condition: The current price breaks above the highest price of the previous $X$ candles (length). This indicates strong bullish momentum breaking out of the established price channel.

  • Short Entry Condition: The current price breaks below the lowest price of the previous $X$ candles (length). This indicates strong bearish momentum breaking out of the established price channel.

(The candle length, $X$, must be a customizable input.)

II. Trade Management:

The position management must ensure that the EA adheres to the following strict rules:

  1. Identify high/low: Determine the high and low of the last $X$ candles.

  2. Order Placement:

    • Place a Buy Stop order immediately above the highest price (High).

    • Place a Sell Stop order immediately below the lowest price (Low).

  3. Mutual Exclusion (Position Closure): The system must automatically remove the opposite pending order once one order is triggered (a position is opened).

  4. Single Trade Only: Only single trades are allowed at any given time (one position or one set of opposite pending orders).

  5. Prohibited Techniques:

    • No Martingale

    • No Grid

    • No Averaging."

Have a pine script file bellow here so you can take a look

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Project information

Budget
50+ USD
Deadline
from 1 to 3 day(s)