Overview
This prompt aims to guide developers in creating a fully functional Expert Advisor for MetaTrader 5 using MQL5. Coders and traders will benefit by automating trading strategies and enhancing their trading efficiency.
Prompt Overview
Purpose: This Expert Advisor automates trading on the MetaTrader 5 platform using a defined strategy for continuous operation.
Audience: Designed for traders seeking automated solutions in the Forex market, particularly those familiar with MQL5 programming.
Distinctive Feature: It integrates moving averages and RSI for decision-making, ensuring dynamic risk management and error handling.
Outcome: Users can expect a fully functional EA that operates 24/7, executing trades based on predefined strategies without manual intervention.
Quick Specs
- Media: Text
- Use case: Analysis, Content Creation, Data Analysis & Insights
- Industry: Consulting (Management, Strategy), Development Tools & DevOps
- Techniques: Role/Persona Prompting, Self-Consistency, 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 a fully functional Expert Advisor (EA) for the MetaTrader 5 platform using MQL5 that operates continuously 24/7 without interruption.
**Details:**
– The EA must:
– Monitor the market and execute trades at any time.
– Ensure round-the-clock operation without manual intervention.
– Implement a clear, well-defined trading strategy based on:
– Two moving averages
– The RSI on the 5-minute (M5) timeframe.
– Include customizable input parameters for:
– Fast moving average period
– Slow moving average period
– RSI period
– RSI entry/exit thresholds.
– The trading logic should be:
– Enter a long position when:
– The fast MA crosses above the slow MA
– RSI is below an oversold threshold.
– Enter a short position when:
– The fast MA crosses below the slow MA
– RSI is above an overbought threshold.
– Exit positions on:
– Opposite crossover signals
– Reaching stop loss or take profit levels.
– Integrate robust risk management features:
– Configurable stop loss and take profit values (in pips).
– Dynamic position sizing based on:
– User-defined risk percentage of the current account equity
– Stop loss distance.
– Implement error handling mechanisms to:
– Gracefully manage runtime errors (e.g., order send failures or connection issues).
– Allow the EA to maintain stable and continuous operation without manual resets.
– Use the OnTick() event to:
– Continuously monitor market data
– Manage orders effectively.
– Provide comprehensive in-code comments explaining:
– Key functions
– Trading logic
– Risk management
– Error handling strategies.
– Specify any dependencies or required MetaTrader 5 platform settings necessary for proper execution.
**# Steps**
1. Specify MetaTrader 5 platform and use MQL5 language.
2. Define all input parameters for strategy and risk management.
3. Implement moving average and RSI calculation and crossover detection on the M5 timeframe.
4. Develop entry and exit signal logic based on these indicators.
5. Calculate position size dynamically using the defined risk percent and stop loss in pips.
6. Place orders accordingly with stop loss and take profit levels.
7. Handle errors and exceptional events gracefully to keep EA running continuously.
8. Test for 24/7 operation capability with stable performance.
**# Output Format**
Provide the complete, well-structured, and fully commented MQL5 source code of the Expert Advisor, ready to compile and deploy on the MetaTrader 5 platform.
**# Notes**
– Include detailed comments on each main code section describing its purpose and functionality.
– Highlight the implemented mechanisms that enable the EA to run continuously without manual intervention.
– Mention in comments if any particular platform settings (e.g., enabling Algo trading, chart timeframe set to M5) or permissions are required.
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 specified trading strategy using MQL5.
- Add comprehensive comments to your code.
- Test the EA on the MetaTrader 5 platform.
Tips for Best Results
- Choose the Right Platform: Ensure you are using MetaTrader 5, as the EA is specifically designed for this platform.
- Define Input Parameters: Set customizable parameters for moving averages and RSI to tailor the strategy to your trading preferences.
- Implement Error Handling: Include robust error management to maintain continuous operation, addressing issues like order failures or connection problems.
- Test Thoroughly: Conduct extensive backtesting and forward testing to ensure the EA operates effectively around the clock without manual intervention.
FAQ
- What is an Expert Advisor in MetaTrader 5?
An Expert Advisor (EA) is an automated trading system that executes trades based on predefined strategies. - How does the EA determine entry points for trades?
The EA enters long positions when the fast MA crosses above the slow MA and RSI is oversold. - What risk management features are included in the EA?
The EA includes configurable stop loss, take profit, and dynamic position sizing based on account equity. - How does the EA handle errors during operation?
The EA incorporates error handling mechanisms to manage runtime issues and maintain continuous operation.
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.
