MT5 Expert Advisor - EMA Pullback + Engulfing + Support/Resistance Strategy with Risk Management

MQL5 Experts

Specification

Trend Filter
BUY
EMA 9 > EMA 21 > EMA 50
EMA 50 slope must be pointing upward.
Price must remain above EMA 50.
SELL
EMA 9 < EMA 21 < EMA 50
EMA 50 slope must be pointing downward.
Price must remain below EMA 50.
Slope sensitivity should be adjustable in the EA settings.
Entry Conditions
Wait for a pullback toward EMA 9 or EMA 21.
Entry only after a valid engulfing candle.
BUY
Previous candle bearish.
Current candle bullish engulfing.
Engulfing candle closes above previous candle body.
Buy at the open of the next candle.
SELL
Previous candle bullish.
Current candle bearish engulfing.
Sell at the open of the next candle.
Optional Filters (Enable/Disable)
ADX Filter
Default ADX > 20
User adjustable.
VWAP Filter
Buy only above VWAP.
Sell only below VWAP.
Risk Management
User selectable:
Fixed lot or
Auto lot based on risk %
Risk options:
0.25%
0.5%
1%
Custom %
Stop Loss:
Below engulfing candle low for Buy.
Above engulfing candle high for Sell.
Optional ATR Stop Loss.
Take Profit
Choose one:
Fixed Risk Reward (1:2 or 1:3)
Fibonacci Extensions
TP1 = 127.2%
TP2 = 161.8%
TP3 = 261.8%

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