EA Development Request: XAUUSD Heiken Ashi + EMA 50 Scalper (MT5)

Specification

1. Overview
Build an MQL5 Expert Advisor for MetaTrader 5 that trades XAUUSD (Gold) as a scalper, using Heiken Ashi candles and a 50 EMA for entries.

2. Platform and symbol

  • MetaTrader 5, Expert Advisor (.mq5 and compiled .ex5)
  • Symbol: XAUUSD (must work with broker suffixes, e.g. XAUUSDm)
  • Default timeframe: M5 (configurable; M1 to M15 should work)

3. Indicators

  • Heiken Ashi candles, calculated inside the EA (no external indicator needed)
  • EMA, period 50, applied to Close (period and price type as inputs)

4. Entry logic (evaluated only on a newly closed candle, no repainting)

  • BUY: the last 3 closed Heiken Ashi candles all close above EMA 50. Optional filter: all 3 are bullish (HA close > HA open).
  • SELL: the last 3 closed Heiken Ashi candles all close below EMA 50. Optional filter: all 3 are bearish.
  • Number of confirmation candles is an input (default 3).
  • One trade at a time (input: max open trades, default 1).
  • No new trade while one is open in the same direction.

5. Exit logic

  • Stop Loss: fixed in points, or ATR-based (input, selectable)
  • Take Profit: fixed in points or risk:reward ratio (default 1:1.5)
  • Optional: close the trade when a Heiken Ashi candle closes on the opposite side of EMA 50
  • Optional: break-even and trailing stop (inputs: trigger points, step points)

6. Risk management

  • Lot size: fixed lot, or % of balance risked per trade (input)
  • Max spread filter (gold spreads widen; skip entries above the limit)
  • Max daily loss % and max daily trades, after which the EA stops for the day
  • Slippage setting (max deviation in points)

7. Trading filters

  • Trading session filter (start and end time, server time), so it can avoid rollover and news hours
  • Optional: skip trading on Fridays after a set time
  • Optional: minimum distance between candle close and EMA to avoid flat, choppy markets

8. Inputs panel (all adjustable)
Timeframe, EMA period, confirmation candles, lot mode and size, SL, TP, trailing, break-even, max spread, session times, daily limits, magic number, trade comment.

9. Technical requirements

  • Use CTrade, handle requotes and errors with retries
  • Handle 5-digit and 3-digit pricing and different broker contract sizes correctly
  • Trades tagged with a magic number so the EA only manages its own orders
  • Log entries, exits and errors in the Experts tab
  • Clean, commented code

10. Deliverables

  • Source code (.mq5) and compiled file (.ex5)
  • Strategy Tester backtest on XAUUSD, 1 year minimum, using "Every tick based on real ticks"
  • Short user guide for installing and setting inputs

11. Testing and acceptance

  • Backtest results match the entry and exit rules above
  • Forward test on a demo account for at least 2 weeks before going live
  • No repainting; signals fire only on closed candles

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Project information

Budget
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Deadline
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