An Expert Advisor based on Pine Script & MQL5 needed

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Here is a brief requirement document for developing an MT5 Expert Advisor (EA) based on the provided UT Bot Alerts Pine Script:


📌 EA Requirement: UT Bot Alerts Strategy (MT5)

🔍 Strategy Overview

This Expert Advisor will replicate the logic of the UT Bot Alerts TradingView indicator using ATR-based trailing stop logic and Heikin Ashi (optional) input for trade signals. It generates buy/sell signals based on price crossing the trailing stop derived from ATR.


🎯 Entry Rules

  • Buy Entry:

    • Price ( src ) is above the ATR trailing stop.

    • Price has crossed above the ATR trailing stop (i.e., crossover occurred).

  • Sell Entry:

    • Price ( src ) is below the ATR trailing stop.

    • Price has crossed below the ATR trailing stop (i.e., crossunder occurred).

  • Heikin Ashi Option:

    • If enabled, signals are calculated using Heikin Ashi candle close values.


🔄 Exit/Close Logic

  • Optional trailing stop could be implemented using the same xATRTrailingStop level as a dynamic SL.

  • Alternatively, user-defined take profit (TP) and stop loss (SL) levels can be added.

  • Only one trade should be active at a time: before opening a new trade in the opposite direction, the current one must be closed.


⚙️ Inputs / Parameters

  • KeyValue (a) : Sensitivity multiplier for ATR trailing stop (default: 1.0)

  • ATRPeriod (c) : ATR period for trailing stop calculation (default: 10)

  • UseHeikinAshi (h) : Boolean flag to use Heikin Ashi candles instead of regular price (default: false)

  • LotSize : Fixed or dynamically calculated based on account balance (optionally enable compounding)

  • MagicNumber : For identifying EA trades uniquely

  • Slippage , MaxOrders , etc.: Standard trade management options


🔔 Alerts (Optional)

  • Log/Comment when a buy/sell signal is detected.


🛠️ Additional Features 

  • Trailing Stop: Dynamic SL adjustment following ATR logic.

  • Dynamic Lot Size: Based on balance or risk percentage.

  • Backtest Optimization Inputs: Allow tuning of ATR period, key value, and Heikin Ashi usage.




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