This Expert Advisor (EA) is based on a trend-following and momentum confirmation strategy using two Exponential Moving Averages (Fast EMA and Slow EMA) together with the Relative Strength Index (RSI).
-
Buy signal: Fast EMA crosses above Slow EMA and RSI is above a defined threshold.
-
Sell signal: Fast EMA crosses below Slow EMA and RSI is below a defined threshold.
-
Risk management: The EA calculates lot size dynamically according to account balance and risk percentage. It sets Stop Loss and Take Profit automatically.
-
Trading window: Optional time filter allows trading only during specified hours.
The code is fully written in MQL5 and can be attached to any chart. Users can adjust the parameters for EMAs, RSI, risk, lot size, Stop Loss/Take Profit levels, and trading hours to fit their own strategy.
Recommended symbol and timeframe:
EURUSD, H1 (works on other pairs and timeframes with parameter adjustment).
Parameters:
-
FastEMA / SlowEMA → define moving averages.
-
RSIPeriod / RSI_Buy / RSI_Sell → RSI settings.
-
RiskPercent → % of account balance to risk per trade.
-
StopLoss / TakeProfit → in points.
-
StartHour / EndHour → trading time filter.
