Only apply if you already have a profitable EA which gives consistent profit for EURUSD for last 10 year data on shorter timeframes like 5 min and 15 min etc.
EA should have below qualities. You can use any combination of indicators or price action, I am only interested in the backtested result and want this to perform good in Live trading.
EA should have a good risk to reward ratio. All the trades should atleast be of 1 Risk : 1.5 Reward ratio.
EA should have a high Profit factor and a low drawdown.
EA should have inbuilt risk management
EA should not have martingale or Grid based trading system
EA can use market or limit orders or both.
EA should have news filter also, whenever any news is coming x minutes before and after it will not open any new trades and it will also set Breakeven if already a trade is running during that time if its profitable else it will set SL. This feature should be optional.
EA should have filter to not open new trades when the spread is higher than X pips, where X is a input variable. This input is optional.
EA executable and Source code also required for MT5.
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