2EMA Strategy MT5 EA
Prompt
Create an MT5 Expert Advisor (EA) trading bot using the MetaTrader 5 MQL5 language with the trade.mqh library that implements a 2 moving average trading strategy on the 5-minute timeframe using the 9 EMA and 36 EMA. Strategy details: 1. Indicators: - Calculate the 9-period Exponential Moving Average (EMA). - Calculate the 36-period Exponential Moving Average (EMA). 2. Entry Conditions: - Long Entry: - When the 9 EMA crosses above the 36 EMA (bullish crossover), wait for the price to retrace and touch the 9 EMA. - Enter a long trade at the close of the candle which touches the 9 EMA after the crossover. - Short Entry: - When the 9 EMA crosses below the 36 EMA (bearish crossover), wait for the price to retrace and touch the 9 EMA. - Enter a short trade at the close of the candle which touches the 9 EMA after the crossover. 3. Trade Management: - Initial Take Profit (TP): Set to 50 pips from the entry price. - Initial Stop Loss (SL): Set to 10 pips from the entry price. - After the trade moves favorably and reaches a profit of 25 pips: - Move the Stop Loss to the entry price (break-even) to secure the position. Implementation Requirements: - Use trade.mqh for trading operations. - The EA must run on the 5-minute timeframe. - Implement proper risk management respecting the TP and SL rules described. - Include necessary code comments explaining logic and calculations. # Output Format Provide the complete, well-structured MQL5 EA source code (.mq5) that fully implements the described strategy and can be compiled and run in MetaTrader 5. # Notes - Use appropriate functions to detect EMA crossover signals. - Ensure the EA waits correctly for the price to touch the 9 EMA after crossover before entering. - Make sure the SL is adjusted only after the trade reaches 25 pips profit. - Consider using appropriate pip-to-price conversions based on the instrument's point size and digits. - Include error checks for order placement and modifications. # Response Format Return the source code only with no additional explanation.
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