Overview
This prompt aims to guide developers in creating a MetaTrader Expert Advisor for short-term trading. Coders and traders seeking automated trading solutions will benefit from the structured approach and detailed instructions.
Prompt Overview
Purpose: This EA aims to automate trading on the 1-minute time frame using a defined strategy.
Audience: It is designed for traders seeking to enhance their trading efficiency through automation in MetaTrader.
Distinctive Feature: The EA incorporates robust risk management and clear entry/exit conditions for effective short-term trading.
Outcome: Users will receive a fully commented EA code ready for compilation and testing in MetaTrader.
Quick Specs
- Media: Text
- Use case: Content Creation, Content Strategy, Generation
- Industry: Consulting (Management, Strategy), Fintech & Digital Banking, General Business Operations
- Techniques: Structured Output
- Models: Claude 3.5 Sonnet, Gemini 2.0 Flash, GPT-4o, Llama 3.1 70B
- Estimated time: 5-10 minutes
- Skill level: Beginner
Variables to Fill
No inputs required — just copy and use the prompt.
Example Variables Block
No example values needed for this prompt.
The Prompt
Create an Expert Advisor (EA) for MetaTrader that operates on a 1-minute time frame.
The EA should be designed to execute trades based on a clear and logical trading strategy suitable for the 1-minute chart.
Include well-commented code that explains key parts of the logic, including:
– Entry and exit conditions
– Stop-loss and take-profit levels
– Money management rules
# Steps
1. Define the trading strategy clearly
(e.g., moving average crossover, RSI thresholds, etc.).
2. Implement initialization code
for setting parameters and time frame.
3. Write the OnTick() function
to process each new tick considering the 1-minute timeframe.
4. Include robust risk management
(stop loss, take profit, position sizing).
5. Add error handling and logging
where appropriate.
# Output Format
Provide the full MetaTrader EA code in MQL4 or MQL5 format, fully commented, and ready to be compiled and tested.
# Notes
– Ensure the code is optimized for the 1-minute timeframe.
– The strategy logic should be clear, concise, and effective for short-term trading.
– Do not add any external dependencies or inputs requiring paid plugins.
Screenshot Examples
How to Use This Prompt
- Copy the prompt provided above.
- Paste it into your coding environment.
- Follow the steps outlined in the prompt.
- Implement the EA in MQL4 or MQL5 format.
- Test the EA on a 1-minute chart.
- Review and optimize the code as needed.
Tips for Best Results
- Define Strategy: Choose a simple strategy like moving average crossover for quick signals.
- Initialize Parameters: Set up your EA with parameters for time frame, lot size, and risk management rules.
- OnTick Function: Implement logic to check for entry and exit conditions on each tick, ensuring it aligns with the 1-minute chart.
- Error Handling: Include checks for trade execution success and log errors for troubleshooting.
FAQ
- What is an Expert Advisor in MetaTrader?
An Expert Advisor (EA) is an automated trading system that executes trades based on predefined strategies in MetaTrader. - How does a moving average crossover strategy work?
A moving average crossover strategy buys when a short-term average crosses above a long-term average, and sells when it crosses below. - What is the purpose of stop-loss in trading?
A stop-loss limits potential losses by automatically closing a trade when the price reaches a specified level. - Why is money management important in trading?
Money management helps control risk, ensuring that losses do not exceed a certain percentage of the trading capital.
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.
