EMA RSI

Project Scope

[CUSTOMIZE THIS SECTION WITH YOUR DETAILS]

Strategy specification for EA (XAUUSD, M1)

1 — Overview

• Asset: XAUUSD
• Timeframe: M1 (1 minute).
• Strategy type: Trend + momentum single-position scalper.
• Core indicators: EMA (5), EMA (12), EMA (200), RSI (14).
• Position rule: Only 1 active position at any time (no pyramiding).

3 — Entry rules (Buy)

All conditions must be as followed:

·         Price (current close) > EMA (5), EMA (12), and EMA (200).

·         Strict interpretation: Close of last closed candle must be above EMA5, EMA12, EMA200.

·         RSI (14) > 50.

·         Entry only when last closed candle closed above EMA (5) (i.e., candle close confirmed).

·         No other open trades for this EA/magic number on this symbol.

·         Trading allowed by time filter (Dubai local time between 06:00 and 19:30).

·         Spread <= MaxSpreadPoints is 20

·         Not within news window (if news filter active).

4 — Entry rules (Sell)

All conditions must be as followed:

• Price (current close) < EMA (5), EMA (12), and EMA (200).

·         Strict interpretation: Close of last closed candle must be below EMA5, EMA12, EMA200.

• RSI (14) < 50.
• Entry only when last closed candle closed below EMA (5).
• No other open trades for this EA/magic number on this symbol.

5 — Exit rules / trade management

• Primary exit: fixed Stop Loss (20 pips /200 points) and Take Profit (30 pips/300 points) set at order open.
• Risk Reward Ratio 1.5
• Close conditions: EA must close position on SL/TP hit.
• If connection lost / EA restart: do not reopen a closed trade automatically unless trade is still open on server — detect server orders by Magic Number and resume management.

6 — Risk Reward

Stop Loss: 20 pips (200 points)

Take Profit: 30 pips (300 points)

7 — Risk controls & safety

• One trade at a time per magic number.
• MaxSpreadPoints: do not open trades when spread is more than 25.

8 — Time zone & schedule

• Trading hours: 06:00 — 19:30 Dubai. Use both start and end hour/min params.

9 — News filter

• Important: when news API not available, implement an option Do Not Trade on Major News

10 — Spread / Slippage / Market conditions

• Do not open if bid-ask spread > MaxSpreadPoints.
• Optionally exclude trading around rollover times (session cross).
• Optionally disable trading at major market opens (NY open) if required.

11 — Logging, alerts, dashboard

·         Dashboard elements (chart info panel):

·         Current EA status (Running / Paused / Disabled)

·         Open Position info: ticket, direction, lots, entry price, SL, TP, P/L

·         Daily P/L and closed trades count

·         Equity high-water mark and drawdown %

·         Current spread in points

·         Time until next candle close

·         Next news event time (if integrated)

• Alerts:
• Send Push/Email/MT5 Alerts on trade open/close, EA paused/resumed, critical errors, hitting daily/equity stop.

12 — Lot Size:

Lot size = 0.01% of account balance.”

Example:

If your balance = $1,000,

→ Lot size = $1,000 × 0.0001 = 0.10 lots