Expert Advisor based on EMA crosses and successful trading principles needed

Project Overview

Develop an automated Expert Advisor (EA) for MetaTrader 5 based on EMA crossover signals combined with strict risk management and trade management principles.

The EA must be optimized for Forex pairs and indices and should operate automatically without manual intervention.

Entry Conditions

Buy Setup

1. Fast EMA crosses above Slow EMA.

2. Current candle closes above both EMAs.

3. Trend confirmation:

   • Price must be above the 200 EMA.

4. Spread must be below user-defined maximum spread.

5. No existing buy position on the same symbol.

Execute Buy Order at market price after candle close.

Sell Setup

1. Fast EMA crosses below Slow EMA.

2. Current candle closes below both EMAs.

3. Trend confirmation:

   • Price must be below the 200 EMA.

4. Spread must be below user-defined maximum spread.

5. No existing sell position on the same symbol.

Execute Sell Order at market price after candle close.

EMA Settings

User Inputs:

• Fast EMA (Default: 20)

• Slow EMA (Default: 50)

• Trend EMA (Default: 200)

All EMA values must be adjustable from inputs.

Risk Management

Lot Size Options

Select one of:

1. Fixed Lot Size

2. Risk Percentage per Trade

Inputs:

• Fixed Lot = 0.10

• Risk % = 1%

Risk-based lot calculation should use stop-loss distance.

Stop Loss

User can choose:

1. ATR Based Stop Loss

2. Fixed Pip Stop Loss

Default:

• ATR Period = 14

• ATR Multiplier = 2.0

Alternative:

• Fixed Stop Loss = 30 Pips

Take Profit

User can choose:

1. Fixed Risk Reward

2. Dynamic Exit

Default:

• Risk Reward Ratio = 1:2

Example:

• 30 Pip SL

• 60 Pip TP

Trade Management

Break-Even Function

When trade reaches:

• +1R Profit

Move stop loss to entry price.

Trailing Stop

Optional Enable/Disable

Inputs:

• Trailing Start = 1.5R

• Trailing Distance = 1R

Trading Filters

Trading Session Filter

Enable/Disable

Available Sessions:

• London

• New York

• London/New York Overlap

News Filter

Disable trading:

• 30 minutes before high-impact news

• 30 minutes after high-impact news

Currencies:

• USD

• EUR

• GBP

• JPY

• CAD

• AUD

• NZD

• CHF

Daily Risk Controls

Maximum Daily Loss

Default:

• 3% Account Equity

If reached:

• Stop trading for the day.

Maximum Trades Per Day

Default:

• 3 Trades

If reached:

• No further trades.

Additional Features

Magic Number

User-defined magic number.

Multi-Symbol Support

EA should work on:

• EURUSD

• GBPUSD

• USDJPY

• AUDUSD

• XAUUSD

• NAS100

• US30

Dashboard Display

Display:

• Account Balance

• Account Equity

• Daily Profit/Loss

• Current Spread

• Open Trades

• Risk per Trade

Alerts

Send alerts through:

• MT5 Notification

• Email

• On-screen Alert

Events:

• New Trade Opened

• Trade Closed

• Daily Loss Limit Reached

Optimization Requirements

EA must be:

• Fully compatible with MT5

• Backtestable in Strategy Tester

• Optimized for speed and low CPU usage

• Written in clean, documented MQL5 code

• Free from duplicate trade entries

Deliverables

1. Source Code (.mq5)

2. Compiled File (.ex5)

3. User Manual

4. Input Settings Guide

5. Backtest Report Example