Advanced Forex Trading Robot for MetaTrader 5 Expert Advisors

Advanced Forex Trading Robot for MT5: Multi-Timeframe Swing Trading with Customizable Features.

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Overview

This prompt aims to guide developers in creating a sophisticated Forex trading robot for the MT5 platform. Programmers and traders will benefit from the detailed specifications and structured approach to implementing the trading strategy.

Prompt Overview

Purpose: This Forex trading robot aims to automate swing trading strategies on the MetaTrader 5 platform.
Audience: Designed for traders seeking to enhance their trading efficiency through automated strategies and robust performance metrics.
Distinctive Feature: It incorporates multi-timeframe analysis with customizable parameters for tailored trading experiences and risk management.
Outcome: Users will benefit from a user-friendly EA that optimizes trading decisions based on real-time market conditions.

Quick Specs

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The Prompt


You are to develop a professional and advanced Forex trading robot (Expert Advisor) for the MetaTrader 5 (MT5) platform. This EA should implement a multi-timeframe, swing trading, trend-following strategy based on the detailed specifications below.
**Strategy Details:**
1. Timeframes & Indicators:
– Daily (High Time Frame – HTF):
– RSI: Period 25; Buy Level = 54; Sell Level = 46
– ATR: Period 14
– 1 Hour (Semi-HTF):
– RSI: Period 25; Buy Level = 54; Sell Level = 46
– ATR: Period 14
– 15 Minutes (Low Time Frame – LTF):
– RSI: Period 3; Buy Level = 26; Sell Level = 74
– ATR: Period 14
2. Entry Criteria:
– Buy Entries:
– HTF: Enter the first buy when RSI 25 crosses above 54 from below 46, indicating trend start.
– Semi-HTF: After HTF buy confirmation, enter the second buy when Semi-HTF RSI crosses above 54 from below.
– LTF: With Semi-HTF RSI above 54, enter buys on every RSI 3 crossing above 26 at candle close.
– Sell Entries:
– HTF: Enter the first sell when RSI 25 crosses below 46 from above 54.
– Semi-HTF: After HTF sell confirmation, enter the second sell when Semi-HTF RSI crosses below 46 from above.
– LTF: With Semi-HTF RSI below 46, enter sells on every RSI 3 crossing below 74 at candle close.
3. Exit Criteria:
– Close all buy trades if HTF RSI crosses below 46.
– Close all sell trades if HTF RSI crosses above 54.
4. Trade Management:
– Lot size: Default 0.5% of account balance; allow manual lot size input defaulting to 1 lot.
– Stop Loss: 2 x ATR (appropriate to trade’s timeframe).
– Take Profit:
– 6 x ATR for HTF and Semi-HTF trades;
– 4 x ATR for LTF trades.
– Breakeven: Optional activation at 2.5 x ATR + 0.5 x ATR buffer.
– Daily Drawdown Limit: 4% of account balance (stop trading further during that day if exceeded).
5. Customization:
– Allow all indicator parameters (periods, levels) and trade management settings (lot size, SL, TP, breakeven, drawdown limit) to be fully customizable via inputs.
6. Additional Features:
– Assign a unique magic number and trade comment to all trades.
– Implement a professional-grade dashboard displaying:
– Trend direction and signal status on all timeframes (Daily, 1H, 15m).
– Account metrics including current profit/loss, drawdown, and equity information.
7. Performance & Reliability:
– Optimize code to prevent memory leaks and array overflows.
– Ensure efficient data handling to avoid lag.
– Implement robust error handling and logging.
**Your solution should:**
– Follow best coding practices and include appropriate comments.
– Use consistent naming conventions.
– Ensure the EA is user-friendly with clear input options and an intuitive interface.
**# Output Format**
– Provide the full source code of the MT5 Expert Advisor in MQL5 language.
– Include detailed comments for every main section and important logic.
– Provide explanations or notes about how customization parameters map to the strategy.
**# Notes**
– Strictly implement candle close RSI crosses for entering trades on LTF.
– Ensure trades are entered only if the higher timeframe RSI conditions remain valid.
– Consider ATR values of the respective timeframe when calculating SL and TP.
– The dashboard should update live and be visually clear without clutter.
Create this Expert Advisor code accordingly.

Screenshot Examples

How to Use This Prompt

  1. Copy the prompt provided above.
  2. Open your preferred code editor for MQL5 programming.
  3. Paste the prompt into the editor as a reference.
  4. Begin coding the Expert Advisor based on the specifications.
  5. Test the EA on the MetaTrader 5 platform.
  6. Optimize and customize the EA as needed.

Tips for Best Results

  • Understand Timeframes: Familiarize yourself with the significance of each timeframe in your strategy to ensure accurate signal interpretation.
  • Optimize Indicator Settings: Customize RSI and ATR settings based on market conditions for improved entry and exit points.
  • Implement Robust Error Handling: Ensure your code can gracefully handle unexpected situations to maintain reliability during trading.
  • Test Thoroughly: Backtest your EA across various market conditions to validate performance and make necessary adjustments before live trading.

FAQ

  • What is the main strategy for the Forex trading robot?
    The strategy is a multi-timeframe, swing trading, trend-following approach using RSI and ATR indicators.
  • How does the EA determine buy entries?
    Buy entries are based on RSI crosses on HTF, Semi-HTF, and LTF confirming upward trends.
  • What is the daily drawdown limit for trading?
    The daily drawdown limit is set at 4% of the account balance to manage risk.
  • What features enhance the EA's user-friendliness?
    Customizable inputs, a professional dashboard, and clear comments throughout the code enhance user experience.

Compliance and Best Practices

  • Best Practice: Review AI output for accuracy and relevance before use.
  • Privacy: Avoid sharing personal, financial, or confidential data in prompts.
  • Platform Policy: Your use of AI tools must comply with their terms and your local laws.

Revision History

  • Version 1.0 (February 2026): Initial release.

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