Goldfish by EV

Goldfishis a fully automated EMA crossover Expert Advisor for MetaTrader 5, designed for intraday trading with a strong emphasis on risk and money management. The core strategy is based on a classic trend-following concept using two exponential moving averages (fast and slow) on a user-defined timeframe. The EA searches for bullish and bearish EMA crossovers to open buy or sell positions, allows only one trade per symbol at a time, and checks for new signals once per bar instead of every tick to reduce noise and overtrading.

The risk per trade is calculated as a percentage of the account equity, with the Stop Loss defined in pips and automatically converted to the correct tick size for any symbol. The Take Profit is derived from a configurable risk-reward ratio, and the EA also monitors daily profit and loss as a percentage. From the start of each trading day, Goldfish tracks equity and, once the maximum daily profit or loss limits are reached, closes any open positions on that symbol and blocks subsequent trades for the remainder of the day, helping to protect the account from emotional or excessive trading.

Goldfish includes an advanced management layer with partial take profit, breakeven logic, and an optional trailing stop. The user can trigger a partial close at a chosen multiple (R), automatically closing a configurable percentage of the position and moving the stop loss to breakeven plus a pip allowance to cover costs and secure profits. If the remaining volume after the partial close falls below the broker's minimum lot size, the expert sensibly closes the entire position instead of leaving unusable volume. The trailing stop can also be activated, starting only after the price has moved a certain number of pips in profit and then updating the stop loss by a defined trailing step, always moving in the direction of profit and never beyond the take profit level.

To adapt to different trading styles and market conditions, Goldfish offers a session filter and a spread filter. The session filter allows you to restrict new entries to the New York, London, and/or Asian sessions, while still managing existing trades at all times. The spread filter continuously measures the current spread in pips and blocks new trades when market conditions are too unfavorable and the spread exceeds the maximum allowed value. Overall, Goldfish EMA Risk Manager MT5 offers simple yet robust EMA-based entry logic combined with professional-grade protection tools, making it a versatile option for traders who value controlled risk and disciplined execution.