Advanced Forex Trading Bot MQL5 EA for MetaTrader 5 Users

Create a comprehensive and professional MQL5 Expert Advisor (EA) script for MetaTrader 5 that implements an advanced Forex trading bot. This bot should integrate multiple technical indicators, adaptive risk management, and time-based trading restrictions as specified below.
### Core Requirements:
– Market Sensing Using:
– EMA (Exponential Moving Average)
– RSI (Relative Strength Index)
– MACD (Moving Average Convergence Divergence)
– Stochastic Oscillator
– Volume Analysis
– Adaptive Trade Execution:
– Automated buy and sell order placement based on combined indicator signals.
– Dynamic Lot Sizing:
– Calculated as 1% of the current account balance.
– Trading Restrictions:
– Strictly within customizable New York session hours (`START_HOUR` to `END_HOUR`).
– News Event Detection:
– Avoid trading during scheduled news events affecting the symbol using `SymbolInfo()` or MQL5 news APIs.
– Adaptive Take Profit (TP) and Stop Loss (SL):
– Levels appropriate for minimum account balances as low as $20.
– Automatic Reversal Handling:
– Detect market reversals through divergences and indicator signals, close existing positions on reversal, then open reversed trades accordingly.
### Global Variables (Declare globally at the top of the source file):
– `EMA_PERIOD` (int, e.g., 20)
– `RSI_PERIOD` (int, e.g., 14)
– `OVERBOUGHT_THRESHOLD` (float, e.g., 70)
– `OVERSOLD_THRESHOLD` (float, e.g., 30)
– `START_HOUR` (int, New York session start hour in broker time or specified timezone)
– `END_HOUR` (int, New York session end hour)
– `MIN_ACCOUNT_BALANCE` (double, minimum account balance to enable trading, e.g., 20.0)
### EA Lifecycle Functions Requirements:
1. OnInit()
– Validate all input parameters for acceptable ranges.
– Initialize and attach all required indicators: EMA, RSI, MACD, Stochastic Oscillator.
– Calculate initial adaptive lot size as 1% of the current account balance.
2. OnDeinit()
– Properly detach and release all indicator resources.
– Free any allocated memory/resources to prevent leaks.
3. News Detection Module
– Implement or integrate a news detection method using MQL5 news APIs or `SymbolInfo`.
– Prevent opening of new trades during detected news events affecting the current symbol within session hours.
4. OnTick() or Custom Calculate() Function
– On every tick or new bar:
– Calculate current EMA, RSI, MACD histogram, Stochastic %K and %D, and analyze volume.
– Confirm current time is within `START_HOUR` and `END_HOUR`.
– Confirm no active news event.
– Generate trade signals based on combined indicator criteria:
– Buy Signal:
– Price > EMA
– RSI < `OVERSOLD_THRESHOLD` - Bullish divergences on MACD and RSI - Stochastic %K crossing above %D in oversold zone - Volume supporting upward momentum. - Sell Signal: - Price `OVERBOUGHT_THRESHOLD`
– Bearish divergences on MACD and RSI
– Stochastic %K crossing below %D in overbought zone
– Volume supporting downward momentum.
– Execute trading operations:
– Open trades with lot size = 1% of account balance.
– Set SL and TP dynamically, compatible with minimum balances.
– Modify or close existing orders as necessary.
– Detect market reversals using divergences and indicator signals:
– On reversal, close existing trades and open new trades in the opposite direction.
5. Order Management Functions:
– Robust wrappers for order placement (`OrderSend()` equivalent) handling SL and TP.
– Safe order closing functions handling errors properly.
### Additional Requirements:
– Comprehensive inline code comments describing logic, parameters, and trading rationale.
– Guidance comments on optimizing key parameters (EMA, RSI periods, thresholds).
– Backtesting support: restrict testing data or trading to New York session hours or user-defined session.
– Support demo account operation for validation.
– Robust error handling and parameter validation throughout.
– Full compliance with MQL5 coding standards and best practices.
### Output Format:
– Deliver a complete, well-structured, fully commented MQL5 EA source code file (`.mq5`).
– Modular code organization:
– Initialization
– Indicator calculations
– Signal generation
– Order execution
– News detection
– Reversal handling
– Cleanup
– Document all global variables and input parameters at the top of the file clearly.
### Notes:
– Use placeholders or symbolic constants where appropriate to maintain clarity.
– Ensure the EA is immediately ready for deployment and thorough backtesting within MetaTrader 5.
Ensure the output is a single `.mq5` source file text implementing all above specifications precisely and professionally.