Specification
I need an MT5 Expert Advisor (EA) specifically for NFP news trading.
Strategy:
- Trade EURUSD during the US Non-Farm Payroll (NFP) release.
- Automatically identify the NFP release time.
- Place a Buy Stop above the current price and a Sell Stop below the current price shortly before NFP.
- Adjustable distance from current price for both pending orders.
- When one order is triggered, automatically cancel the opposite pending order.
- Use adjustable Stop Loss and Take Profit.
- Use adjustable lot size, starting from 0.01.
- Include a maximum spread filter to avoid trading when spread is too high.
- Include slippage/deviation protection.
- Only allow one NFP trade per news release.
- Automatically close the trade after a configurable number of minutes if desired.
- Include maximum daily loss protection.
- Include maximum number of trades per day.
- Do not use martingale.
- Do not increase the lot size after a loss.
- All settings must be adjustable from the EA input parameters.
- The EA must work on MT5.
- Provide both the .mq5 source code and compiled .ex5 file.
- The EA must be suitable for testing on a demo account first.
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