Development of a fully automated trading system for MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

MQL5 Experts Forex

Specification

1. Executive Summary
Development of a fully automated trading system for MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
The core strategy focuses on a 5-Minute Candle Breakout logic, enhanced with a Martingale/Recovery mechanism to manage drawdowns and turn losing trades into profit.
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2. Technical Requirements
A. Core Entry Logic
* Timeframe: 5-Minute (M5).
* Signal: Breakout of the Previous 5-Minute Candle's High/Low Breakout on TOKYO, LONDON, NY Session's first candle
* Filters: Spread check, Time of Day (Session) filter.
B. Trade Management
* Take Profit: Dynamic (Points based) or Risk:Reward ratio.
* Stop Loss: Initial Hard SL or Virtual SL.
* Trailing Stop: Candle Wick Trailing and ATR Ratchet to lock in profits during trends.
C. Recovery System (Crucial)
* Logic: If the trade goes negative, the EA will open Recovery Trades (Grid/Martingale).
* Multipliers: Adjustable Lot Multiplier (e.g., 1.5x, 2.0x) for recovery steps.
* Grid Step: Dynamic distance (in points) between recovery orders.
* Exit Strategy: Basket Profit Close (closes all open trades when net profit reaches $X).
D. Compatibility
* Platforms: MT4 (MQL4) and MT5 (MQL5).
* Assets: Optimized for Gold (XAUUSD), US30, Forex Pairs, and Crypto (ETH/BTC).
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