Termos de Referência
I need a fully automated Expert Advisor (EA) that trades on smaller timeframes (M30 & M15) using aprice action strategy. The EA should incorporatecandlestick patterns, moving averages, RSI confirmations, and dynamic stop-loss and take-profit levels. It should also supportmulti-currency tradingfrom a single chart setup and confirm trade signals usinghigher timeframe analysis and enter trades using candle stick signs in lowe timeframes.
Core Features & Strategy
1. Timeframes & Market Conditions
- Primary trading timeframes:M30 & M15
- Confirmation timeframe:H1 or H4
- Works onForex, Gold, and Indices(if applicable)
2. Entry Strategy (Price Action-Based)
- The EA shouldidentify reversal and continuation patterns, such as:
- Hammer, Doji, Engulfing, and Pin Bars(for reversals)
- Marubozu, Three Soldiers, and other strong trend candles(for continuations)
- Confirm trades using:
- Moving Averages(e.g., 50 EMA and 200 EMA for trend direction)
- RSI(identify overbought/oversold conditions or divergence signals)
- Support & Resistance Levels(automatic detection preferred)
- Higher Timeframe Confirmation:
- Example:If trading onM30, check trend confirmation onH1 or H4
- Avoid taking tradesagainst the higher timeframe trend
3. Stop-Loss & Take-Profit (Dynamic)
- Dynamic Stop-Loss:
- PlaceSL above/below the last candle’s shadow(or user-defined buffer in pips)
- Adjust SL based onmarket volatility (ATR-based option preferred)
- Dynamic Take-Profit:
- TP should be set at thenext support/resistance level
- Option to use afixed RR ratio(e.g., 1:2, 1:3)
- Adjustable TP based onFibonacci levels or recent swing high/lows
4. Trade Management Features
- Multi-Currency Trading:
- The EA should operate fromone chartand manage multiple currency pairs
- Breakeven Support:
- Move SL to breakeven when the trade reaches50% of its TP target
- Trailing Stop (Optional Feature)
- If enabled, adjust SL dynamically as the price moves in profit
- Trade Filtering:
- Option to avoid trading duringhigh-impact news events(if news filter API is possible)
- Filter trades based ontime of day (e.g., avoid low-volume periods)
5. Additional Features (Recommended Enhancements)
- Risk Management Settings
- Lot sizing options:Fixed lot, Percentage of balance, or Risk-based lot
- Max daily loss limit to stop trading after reaching a predefined risk level
- Trade Dashboard & Notifications
- Display open trades, SL/TP levels, and trade performance
- Alerts viaMT4/MT5 notifications, email, or Telegram
Customization & Input Parameters
- Enable/Disable trading pairs(for multi-currency support)
- Choose between fixed SL/TP or dynamic levels
- Customizable risk-reward ratio (1:2, 1:3, etc.)
- News filter (if possible)
- Trailing stop settings
- Break-even activation percentage
- Select higher timeframe for confirmation (H1, H4, or user-defined)
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