Specification
MetaTrader 5 Smart Trading Robot – Description
Create an advanced MetaTrader 5 (MT5) Expert Advisor designed to analyze the market, generate high-quality trading signals, identify potential trading mistakes, and manage trades using strict risk-management rules.
The robot should continuously analyze price action, market structure, trend direction, volatility, support and resistance, momentum, and selected technical indicators. It should generate clear BUY, SELL, or NO-TRADE signals only when multiple conditions agree.
Core Features
1. Market Analysis
- Analyze multiple timeframes.
- Identify bullish, bearish, and ranging market conditions.
- Detect trends, breakouts, reversals, support/resistance, and momentum.
- Avoid trading during unclear or highly unfavorable conditions.
2. Signal Generation
- Generate BUY and SELL signals based on multiple confirmations.
- Display the signal directly on the MT5 chart.
- Include entry price, Stop Loss, Take Profit, signal strength, and reason for the signal.
- Avoid repeated signals for the same setup.
3. Mistake Detection & Correction
- Detect poor entries, excessive risk, trading against the major trend, unsuitable Stop Loss/Take Profit placement, and duplicate trades.
- If market conditions invalidate a pending setup, cancel or update the setup.
- Do not blindly reverse a losing trade.
- Learn from previous trade results by recording which conditions produced successful or unsuccessful trades.
4. Risk Management
- Use configurable risk per trade.
- Automatically calculate position size according to account balance, Stop Loss distance, and selected risk percentage.
- Always use a Stop Loss.
- Support configurable Take Profit and risk-to-reward ratios.
- Include maximum daily loss, maximum number of trades, and maximum simultaneous positions.
- Stop opening new trades when risk limits are reached.
5. Trade Management
- Automatically manage open positions.
- Support break-even and trailing-stop functions.
- Optionally reduce risk after favorable price movement.
- Avoid overtrading and revenge-trading behavior.
- Include spread and trading-condition filters.
6. Safety & Validation
- Never guarantee profits.
- Never claim that a signal is 100% accurate.
- Include a demo/backtesting mode before live trading.
- Log every signal, trade, decision, and detected mistake for review.
- Make all important parameters configurable from the MT5 input settings.
User Interface
The EA should display a simple dashboard showing:
- Current market trend
- BUY/SELL/NO-TRADE status
- Signal strength
- Current spread
- Risk percentage
- Open positions
- Stop Loss and Take Profit
- Daily profit/loss
- Number of trades
- Detected trading warnings or mistakes
The robot should prioritize capital preservation, disciplined execution, and high-quality setups rather than maximizing the number of trades. All trading decisions must be based on clearly defined rules that can be backtested and verified.
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