Market Crossover

Overview

The XoverLoad EA is an automated trading bot designed for MetaTrader 5 (MT5) that utilizes multiple technical indicators across different timeframes to execute buy and sell trades. The bot primarily trades Bitcoin (BTC) on a 15-minute timeframe, incorporating elements of price action, moving averages, RSI, and MACD.

Key Features & Strategy

1. Multi-Timeframe Analysis

   • Uses the 5-minute (M5), 15-minute (M15), and 30-minute (M30) timeframes to make trading decisions.
   • Combines Exponential Moving Averages (EMAs), RSI, and MACD to detect trends and reversals.

2. Technical Indicators Used

   • EMAs (9, 21, 50, 100, 200): Determines trend direction.
   • RSI (14): Identifies overbought/oversold conditions.
   • MACD (12, 26, 9): Confirms trend momentum and crossovers.
   • Candlestick Patterns: Analyzes price action for confirmation signals.

3. Trade Execution & Risk Management

   • Fixed Lot Size: Default lot size is 0.01 (adjustable).
   • Take Profit & Stop Loss:
     • 600 points (adjustable).
   • Trailing Stop:
     • Activates at 300 points profit, locking in gains.
   • Max Consecutive Trades:
     • Limits the number of active trades to 8 to prevent overtrading.
   • Magic Number:
     • Uses a unique ID (111222) to manage trades independently.

4. Signal Confirmation & Execution

   • Buy Signals are generated when:
     • Short-term EMA crosses above long-term EMA (Golden Cross).
     • Price action supports an uptrend.
     • RSI is below 70 (prevents overbought entries).
     • MACD crossover confirms bullish momentum.
   • Sell Signals are generated when:
     • Short-term EMA crosses below long-term EMA (Death Cross).
     • Price action confirms a downtrend.
     • RSI is above 30 (prevents oversold entries).
     • MACD crossover signals bearish momentum.

5. Trade Management & Execution

   • Uses CTrade class for efficient trade execution.
   • Manages trailing stops dynamically to secure profits.
   • Prevents trade duplication by tracking the last executed buy/sell signal.

How It Works

1. OnInit() - Initialization

   • Loads and configures all indicators.
   • Initializes arrays and sets them as series.

2. OnTick() - Main Trading Logic

   • Fetches indicator values dynamically.
   • Checks the number of open trades to avoid exceeding limits.
   • Evaluates buy/sell signals and executes trades accordingly.
   • Manages trailing stops to adjust stop-loss levels.

3. Buy & Sell Conditions (Functions)

   • isBuySignal() and isSellSignal() check for trend alignment.
   • Each timeframe (M5, M15, M30) has its own buy/sell conditions.

Summary

The XoverLoad EA is a trend-following and momentum-based trading bot that leverages multiple indicators to trade BTC on MT5. It is designed to maximize gains through EMA crossovers, RSI filtering, MACD confirmation, and price action analysis, while risk management features ensure controlled exposure.