EA Swing Trading Strategy (MT5)

Indicators for Entry & Exit Signals

1. EMA (Exponential Moving Average) — 50 & 200 Periods

• Trend Confirmation: Use the 200 EMA to determine the overall trend.

• Entry Signal: Look for price pullbacks to the 50 EMA in the direction of the trend.

2. RSI (Relative Strength Index) — 14 Periods

• Overbought/Oversold Conditions: Enter long when RSI is below 30 and rising; enter short when RSI is above 70 and falling.

3. MACD (Moving Average Convergence Divergence)

• Trend Confirmation & Momentum: Buy when the MACD histogram crosses above zero in an uptrend; sell when it crosses below zero in a downtrend.

4. Fibonacci Retracement (Optional for Extra Precision)

• Use Fibonacci levels (38.2%, 50%, 61.8%) to identify strong support/resistance zones for entry.

Entry Rules

1. For Long Trades:

• Price must be above the 200 EMA.

• Wait for a pullback to the 50 EMA.

• RSI must be below 40 and rising.

• MACD histogram must cross above zero for confirmation.

2. For Short Trades:

• Price must be below the 200 EMA.

• Wait for a pullback to the 50 EMA.

• RSI must be above 60 and falling.

• MACD histogram must cross below zero for confirmation.

Exit Rules

1. Take Profit (TP):

• Set TP at the next key support/resistance zone or Fibonacci extension (1.618 level).

• Alternatively, use ATR (Average True Range) for dynamic TP based on volatility.

2. Stop Loss (SL):

• Place SL below recent swing low (for buys) or above recent swing high (for sells).

• For tighter control, set SL at 1.5x ATR value.

3. Trailing Stop (Highly Recommended):

• Use a trailing stop that adjusts based on ATR to lock in profits while allowing price movement.

seeking an experienced MetaTrader 5 (MT5) developer to build a powerful swing trading Expert Advisor (EA) based on a proven strategy. The EA must be designed for precision, efficiency, and profitability with strong risk management features.

Risk Management (Critical for Consistency)

• Risk per Trade: 1-2% of account balance.

• Max Drawdown Limit: Implement a circuit breaker that halts trading if drawdown exceeds a defined threshold (e.g., 10% of total capital).

• Trade Filter: Avoid trading during major news events (integrate an economic calendar API if possible).

Bonus Features for Enhanced Performance

✅ Multi-Timeframe Analysis: Confirm entries on the 4H chart while observing the daily trend.

✅ Partial Profit Taking: Close 50% of the position at a 1:1 risk/reward ratio and let the rest ride.

✅ Dynamic Lot Sizing: Use balance-based lot adjustment for controlled risk scaling.