Looking for help to code an Expert Advisor for MT5

📌 Forex EA Bot Requirement Document

1. General Information

• Trading Platform: MetaTrader 5 (MT5) / MetaTrader 4 (MT4)

• Trading Instruments: (e.g., GBP/JPY, XAU/USD, BTC/USD)

• Timeframes to Trade: (e.g., 15M, 1H, 4H, Daily)

• Trading Style: (Scalping, Swing trading, Intraday, Position trading)

2. Entry Rules

• Define the indicators/strategies for entry (e.g., Moving Averages, MACD, RSI, Order Blocks, Supply & Demand).

• Define confirmation signals (e.g., change of character, break of structure, candlestick patterns).

• Define if the bot should trade buy, sell, or both directions.

3. Exit Rules

• Take Profit (TP):

  • Fixed pips/points (e.g., 30 pips)

  • Dynamic (based on ATR, structure levels, or risk-to-reward ratio e.g., 1:2)

• Stop Loss (SL):

  • Fixed pips/points

  • Dynamic (ATR, market structure, or last swing high/low)

• Optional: Trailing Stop (Yes/No, how many pips).

4. Risk Management

• Lot size:

  • Fixed (e.g., 0.10 lot per trade)

  • Dynamic (risk % of account per trade, e.g., 1–2%)

• Maximum trades open at the same time.

• Maximum daily loss or equity drawdown limit (optional).

5. Trading Filters

• News filter: Avoid trading during high-impact news (Yes/No).

• Session filter: Only trade during specific sessions (e.g., London, New York).

• Time filter: Allowed trading hours (e.g., 8:00–20:00).

6. Notifications

• Send alerts via:

  • MT4/MT5 pop-up

  • Email

  • Mobile push notifications

7. Other Requirements

• Must be fully automated (no manual intervention).

• Must work on both demo and live accounts.

• Should include a backtesting option.

• Customizable input parameters (so trader can adjust values).

✅ Example short request you can send a developer:

"I need an MT5 Expert Advisor that trades GBP/JPY, XAU/USD, and BTC/USD on the 15M and 1H timeframes. It should use a Moving Average crossover + MACD confirmation for entries, with dynamic SL and TP based on ATR. Risk per trade should be 1% of account balance. The EA must avoid high-impact news, trade only during London and New York sessions, and send push notifications when trades are opened/closed. I want customizable settings for lot size, risk %, SL/TP levels, and session filters."

Do you want me to draft a ready-to-send requirement (like a message you can copy-paste directly to a developer), or do you prefer a detailed specification document in PDF/Word format?

Got it ✅ — let’s make the requirement specifically for a Smart Money Concepts (SMC) Forex EA bot.

Here’s a tailored requirement draft you can give to a developer:

1. General Information

• Platform: MetaTrader 5 (MT5)

• Pairs: GBP/JPY, XAU/USD, BTC/USD

• Timeframes: 15M (execution), higher timeframes for confirmation (H1, H4, D1)

• Strategy Type: Swing / Intraday using Smart Money Concepts (SMC)

2. Entry Rules (SMC-based)

The EA must:

• Identify market structure:

  • External structure (major highs/lows)

  • Internal structure (minor highs/lows)

• Detect Change of Character (CHOCH) and Break of Structure (BOS)

• Validate entries at:

  • Order Blocks (OBs): last bullish/bearish candle before impulsive move

  • Fair Value Gaps (FVGs): 3-candle imbalance zones

  • Liquidity grabs (sweeps): stop hunt before reversal

✅ Example Buy Entry:

• Price sweeps liquidity below a key low

• Market shifts bullish (CHOCH/BOS confirmation)

• Retest into bullish Order Block or FVG

• EA opens Buy

✅ Example Sell Entry:

• Price sweeps liquidity above a key high

• Market shifts bearish (CHOCH/BOS confirmation)

• Retest into bearish Order Block or FVG

• EA opens Sell

3. Exit Rules

• Take Profit (TP):

  • At next liquidity pool (previous high/low)

  • Or Risk:Reward ratio (default 1:3, customizable)

• Stop Loss (SL):

  • Below/above Order Block or swing low/high

  • Option to use ATR-based dynamic stop

• Optional: Trailing stop after TP1 is reached.

4. Risk Management

• Lot size:

  • Fixed or dynamic (risk % of balance, e.g., 1–2% per trade)

• Maximum open trades: (e.g., 2 per pair)

• Daily loss limit (optional).

5. Trading Filters

• Session Filter: Trade only during London & New York sessions

• News Filter: Avoid trading during high-impact news

• Time Filter: User can select hours to trade

6. Notifications

• Send alerts for each entry/exit via:

  • MT5 pop-up

  • Email

  • Push notifications (mobile)

7. Other Requirements

• Fully automated (no manual input needed once parameters are set)

• All parameters customizable: OB sensitivity, BOS/CHOCH detection, FVG gap size, risk %, SL/TP multipliers, sessions.

• Backtest ready (support for strategy tester).

• Should run on both demo and live accounts.