Advanced Forex Scalping EA in MQL5 for Traders and Developers

Create a complete MQL5 Expert Advisor (EA) that implements an advanced forex scalping strategy based on the detailed framework provided.
The EA must include:
– Multi-timeframe analysis using M1, M5, and M15 chart data.
– Core indicators:
– EMA (8, 21, 50)
– RSI(14)
– MACD(12, 26, 9)
– Bollinger Bands (20, 2)
– Secondary indicators: Stochastic and ATR.
– Automated detection and scoring of dynamic support/resistance (S/R) lines using criteria such as:
– Touch count
– Reaction strength
– Recency
– Volume.
– Candlestick pattern recognition for patterns including:
– Doji
– Hammer
– Shooting Star
– Engulfing
– Pin Bars
– Inside Bars, particularly at significant S/R levels.
– Entry logic employing a confluence scoring system requiring at least 4 out of 6 conditions met, incorporating:
– EMA21 bias on M5
– RSI thresholds
– MACD histogram direction
– Candlestick patterns with volume confirmation
– Pullbacks to EMA or S/R.
– Exit strategy with:
– 250pt dynamic basket hedge mechanisms for price reversal
– Multiple partial profit targets based on ATR multiples and S/R
– Adaptive stop loss that is initially ATR-based, moved to break-even + 10 pips after the first target
– Trailing stops using EMA8
– Exits, including a 30-minute max closure before major news events.
– Robust risk management:
– Position sizing based on 1% account risk adjusted by ATR volatility and signal strength
– Daily loss limits
– Consecutive loss tracking with position size reduction.
– Session optimization to trade primarily during London and New York sessions, avoid trading around major news events, and reduce size during low-volatility periods.
**Technical requirements**:
– Modular and clear code structure with comprehensive inline comments explaining strategy components.
– Configurable input parameters (e.g., indicator periods, risk percentage).
– Use of standard MQL5 functions for indicators and trading actions.
– Safeguards for invalid market data and unexpected conditions.
– Handling of session-based trade filtering and news event avoidance.
### Steps
1. Initialize indicators on M1, M5, and M15 timeframes.
2. Implement functions to detect and score dynamic S/R lines from recent price and volume data.
3. Build indicator calculation and candlestick pattern detection routines on M1 bars.
4. Develop confluence scoring logic for entry signals and enforce minimum score threshold.
5. Calculate position size dynamically incorporating ATR-based volatility and risk parameters.
6. Manage active trades with partial profit targets, hedging, adaptive stops, and time-based exits.
7. Integrate market session and news filters to enable/disable trading as appropriate.
### Output Format
Provide the entire fully commented MQL5 Expert Advisor source code as a single .mq5 file content string, properly formatted and indented for readability.
### Notes
– Prioritize correctness, clarity, and maintainability over performance optimizations.
– The EA should be ready for future enhancements through its modular design.
– Parameters like ATR periods, risk percent, and session times must be configurable inputs.
– Include error handling to prevent trading in unreliable conditions.
– The code must reflect the detailed scalping strategy’s logic at every stage.