Specification
I need an Expert Advisor for MT5 based on a simple scalping strategy.
Timeframe: M5
Pairs: XAUUSD (Gold) primarily
INDICATORS:
- Bollinger Bands (20, 2)
- RSI (14)
- EMA 50
LOGIC:
SELL CONDITIONS:
- Price touches or exceeds upper Bollinger Band
- RSI above 70
- Price is below EMA 50 OR rejects EMA 50
- Bearish candle pattern (engulfing or strong bearish candle)
- Entry on break of previous candle low
BUY CONDITIONS:
- Price touches or exceeds lower Bollinger Band
- RSI below 30
- Price above EMA 50 OR rejects EMA 50
- Bullish candle pattern
- Entry on break of previous candle high
STOP LOSS:
- Fixed (user input): e.g. 5 or 8 points (gold)
TAKE PROFIT:
- Fixed RR 1:2 (example: SL 5 → TP 10)
OTHER:
- Only one trade at a time
- Input parameters customizable
- Option to enable/disable EMA filter
- Works on MT5
IMPORTANT:
- Clean code
- Fast execution
- Backtest included
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Project information
Budget
100 - 199 USD
Deadline
from 1 to 9 day(s)