MT5 EA with bullish and bearish engulfing(outside reversals) filtered by 50 and 200 SMA

MQL5 Experts

Specification

Hi,


I need a MT5 EA which buys bullish engulfing candlesticks(outside reversals), trades at the new open bar when the bullish engulfing candlestick is above 50 SMA and 200 SMA and these two moving averages have formed a golden cross as well. If there is the bullish engulfing and the golden cross in the same time, but the price is below 200 SMA, than the EA should not take any trade because we are in a range market. Conversely, if there is a death cross between 50 SMA and 200 SMA and a bearish engulfing occurs (outside reversal) than the EA takes a short position. The EA doesn't take a short position if the price is above 200 SMA, even though there is a bearish engulfing and a death cross like in the buy scenario. The stop loss should be placed  one fraction of a pip above the high of the bearish engulfing in case of a sale and one fraction of a pip below the bullish engulfing in case of a buy. The risk to reward ratio should be set as a multiple of the risk taken, meaning 1 to 1 risk to reward ratio, 2 to 1, 3 to 1, etc. The risk should be calculated as a percentage of the bankroll. There should be a time filter and a switch to disable these conditions in order to test the bullish engulfing and bearish engulfing rate of success by themselves without moving averages. The EA should take only one trade at a time. If during the trade another outside reversal appears denying the first one (so for buying we enter a bullish outside reversal, if during the trade a bearish outside reversal occurs without hitting the stop loss) the EA should close the trade either on profit or loss without reversing the trade.


Thank you,

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