MT5 Expert Advisor Instructions
🔧 Indicator:
- Use the Chandelier Exit indicator for generating trading signals.
📈 Entry Conditions:
- Buy Entry:
- Open a buy position when the Chandelier Exit Buy Signal appears.
- Sell Entry:
- Open a sell position when the Chandelier Exit Sell Signal appears.
🔁 Exit and Reversal Conditions:
- Buy Exit:
- Close the buy position when a sell signal appears.
- Immediately open a sell position.
- Sell Exit:
- Close the sell position when a buy signal appears.
- Immediately open a buy position.
🛑 Always reverse positions when an opposite signal appears.
🛠️ Risk Management:
- Risk 1% of the account balance per trade.
- Open a maximum of 3 positions simultaneously.
- Apply to all available symbols.
- Allow a slippage of 5 pips.
- Default lot size: 0.1
⏱️ Trade Time Filter:
- Only trade between 03:00 AM to 11:00 PM (server time).
- Monday to Friday only. No trades should be opened on weekends.
📊 Timeframes:
- The EA should support multiple timeframes. Allow user to choose the desired timeframe on chart attachment.
💰 Take Profit & Stop Loss:
- There is no fixed TP or SL.
- Exit trades only when the opposite signal appears.
🧠 Additional Logic:
- If a trade is already open:
- Do not open another trade in the same direction unless total open trades are less than 3.
- Always reverse direction if the opposite signal appears (close current, open new in opposite direction).
🧪 Other Settings:
- Include parameters in the input settings for:
- Risk percentage (default: 1%)
- Default lot size (default: 0.1)
- Max open positions (default: 3)
- Slippage (default: 5 pips)
- Trade hours (default: 03:00 - 23:00)
- Days of week (Monday–Friday)
- Option to enable/disable trading on individual symbols
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