TrendWiz

This Expert Advisor (EA) combines multiple technical indicators to determine trade entries and manage risk effectively. The main components of the strategy are:

1. Moving Averages (MACD): Determines trend direction and momentum using exponential moving averages (EMAs).
2. Relative Strength Index (RSI): Identifies overbought and oversold conditions to avoid trades in extreme zones.
3. Average True Range (ATR): Measures market volatility to set dynamic stop loss (SL) and take profit (TP) levels.

Features:

1. Trade Entry Logic:

   • Buy Signal:
     • MACD line crosses above the signal line (bullish momentum).
     • Previous MACD value was below the signal line (confirming the crossover).
     • RSI value is below 70 (to avoid overbought conditions).
   • Sell Signal:
     • MACD line crosses below the signal line (bearish momentum).
     • Previous MACD value was above the signal line (confirming the crossover).
     • RSI value is above 30 (to avoid oversold conditions).

2. Risk Management:

   • Dynamic Lot Sizing: Lot size is calculated based on account balance, risk percentage, and ATR value.
   • Stop Loss and Take Profit: SL and TP are set dynamically using ATR, ensuring flexibility with market volatility.
   • Breakeven Logic: Moves SL to entry price once a specified profit threshold is achieved, protecting gains.
   • Trailing Stop Loss: Adjusts SL based on market movements to secure profits further.

3. Additional Parameters:

   • Cooldown period between trades to prevent overtrading.
   • Minimum ATR threshold to filter out trades during low volatility.

4. Debugging and Feedback:

   • Logs key indicator values and trading actions for transparency and debugging.

Input Parameters:

• Indicator Settings:
  • fastEMA , slowEMA , macdSignalSMA : MACD settings for moving averages.
  • rsiPeriod : RSI calculation period.
  • atrPeriod : ATR calculation period.
• Risk and Trade Management:
  • riskFactor : ATR multiplier for TP.
  • riskPercent : Risk per trade as a percentage of account balance.
  • breakevenTrigger : Points required to activate breakeven.
  • tradeCooldown : Time in seconds between trades.
  • atrMinThreshold : Minimum ATR value to allow trading.

Workflow:

1. Indicator Calculation: On each tick, MACD, RSI, and ATR values are updated.
2. Trade Conditions: If no open positions and signals align, a trade is initiated.
3. Risk Adjustments: SL and TP are recalculated dynamically based on ATR.
4. Ongoing Management: Breakeven and trailing stop loss mechanisms are applied to active trades.

Key Advantages:

• Combines trend-following and momentum indicators for robust signal generation.
• Dynamic risk and trade management adapts to market conditions.
• Clear rules for entry, exit, and risk management ensure disciplined trading.

Usage:

Deploy this EA on the MetaTrader 5 platform for automated trading. It is optimized for intraday trading and works best on the 5-minute timeframe, but can be adapted for other periods with parameter adjustments.