I need an mql 5 expert to create an Expert Advisor implementing the following strategies

Specification

  1. The strategy records the highest and lowest prices within a specified duration (default 15 minutes) after the New York market opens, forming the opening range.

  2. Post-Formation Breakout: When the price breaks above or below the opening range after its formation, it may indicate the direction of the day’s price movement.
  3. Trend Confirmation: The strategy uses two EMAs (default 20-period and 50-period) as trend filters to ensure the trading direction is consistent with the overall trend.
  4. Volume Confirmation: Requires the volume at breakout to be significantly higher than the average level (default 1.3 times the 20-period average volume) to verify the validity of the breakout.
  5. Risk Management: Uses ATR-based dynamic stop-loss and take-profit levels, automatically adjusting risk parameters based on market volatility.

Trade signal generation logic:

  • Long Signal: Price breaks above the opening range + Price above both EMAs + Volume confirmation
  • Short Signal: Price breaks below the opening range + Price below both EMAs + Volume confirmation



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Project information

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