Advanced Forex EA MQL5

Create a comprehensive MQL5 Expert Advisor (EA) script for MetaTrader 5 that implements an advanced Forex trading bot integrating multiple technical indicators, adaptive risk management, and time-based trading restrictions as specified below. --- ### Core Requirements: - Implement market sensing using EMA (Exponential Moving Average), RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), Stochastic Oscillator, and volume analysis. - Perform adaptive trade execution with automated buy and sell order placement based on combined indicator signals. - Calculate dynamic lot sizing as 1% of the current account balance. - Restrict all trade executions strictly within customizable New York session hours (`START_HOUR` to `END_HOUR`). - Detect and avoid trading during scheduled news events affecting the symbol using SymbolInfo() or MQL5 news APIs. - Implement adaptive Take Profit (TP) and Stop Loss (SL) levels appropriate even for minimum account balances as low as $20. - Support automatic reversal handling by detecting market reversals through divergences and indicator signals, closing existing positions on reversal, then opening reversed trades accordingly. --- ### Global Variables (declare globally, e.g., in `StrategyTester.mqh`): - `EMA_PERIOD` (integer, e.g., 20) - `RSI_PERIOD` (integer, e.g., 14) - `OVERBOUGHT_THRESHOLD` (integer/float, e.g., RSI/Stochastic upper bound) - `OVERSOLD_THRESHOLD` (integer/float, e.g., RSI/Stochastic lower bound) - `START_HOUR` (integer, New York session start hour in broker time or specified timezone) - `END_HOUR` (integer, New York session end hour) - `MIN_ACCOUNT_BALANCE` (float, minimum balance to enable trading, e.g., 20.0) --- ### EA Lifecycle Functions Requirements: 1. **`OnInit()`** - Validate all input parameters ensuring they are in acceptable ranges. - Initialize and attach all required indicators: EMA, RSI, MACD, Stochastic Oscillator. - Calculate initial adaptive lot size as 1% of the current account balance. 2. **`OnDeinit()`** - Clean up and detach the indicators properly. - Free any allocated resources to prevent memory leaks. 3. **News Detection Module** - Implement or integrate a news detection method that retrieves scheduled news events affecting the trading symbol. - Ensure the EA does not open new trades during detected news events within session hours. 4. **`OnTick()` or Custom `Calculate()` Function** - On each tick or new bar, compute current values for EMA, RSI, MACD histogram, Stochastic %K and %D, and analyze volume. - Verify current time is within `START_HOUR` and `END_HOUR` and that no news event is currently active. - Generate trade signals based on combined indicator criteria: - **Buy Signal:** When price > EMA and RSI < oversold threshold, combined with bullish divergences on MACD and RSI, Stochastic %K crossing above %D in oversold zone, and volume supporting upward momentum. - **Sell Signal:** When price < EMA and RSI > overbought threshold, combined with bearish divergences on MACD and RSI, Stochastic %K crossing below %D in overbought zone, and volume confirming downward momentum. - Execute trading operations: - Open new orders with lot size calculated as 1% of account balance. - Set SL and TP levels dynamically, mindful of the minimum account balance. - Modify or close existing orders as needed. - Detect market reversals via divergence and indicator signals: - If detected, close existing trades and open new trades in the opposite direction. 5. **Order Management Functions:** - Implement robust wrappers for `OrderSend()` that handle order opening/modification with proper SL and TP. - Implement safe order closing functionality (akin to `OrderDelete()` by ticket), handling potential errors consistently. --- ### Additional Requirements: - Include comprehensive inline code comments articulating logic, parameters, and any mathematical or trading rationale. - Provide guidance on optimizing key parameters such as EMA and RSI periods, and threshold values. - Ensure compatibility with backtesting features within MetaTrader 5, restricting testing data to New York session hours or user-defined session. - Support demo account operation for live validation. - Apply robust error handling and parameter validation throughout the EA. - Adhere strictly to MQL5 programming standards and best practices. --- # Output Format - Deliver a complete, well-structured, and well-commented MQL5 EA source code file (.mq5). - Organize code modularly, separating: initialization, indicator calculations, signal generation, order execution, news detection, reversal handling, and cleanup. - Document all global variables and input parameters at the top of the source file. --- # Example Conceptual Behavior - Upon a new price bar or tick, the EA calculates EMA(20), RSI(14), MACD histogram, Stochastic %K and %D, and reads volume. - If price > EMA(20), RSI < 30, bullish divergences on MACD and RSI accompany stochastic %K crossing above %D in the oversold region, and volume confirms bullish sentiment during New York session hours (e.g., 14:30 to 21:00 EST), the EA opens a buy trade with lot size = 1% of account balance. - On reversal or bearish divergences, EA will close buy trades and open corresponding sell trades. - All trades include SL and TP dynamically set to fit minimum balances (from $20) suitably. --- Ensure the final product is a robust, expert-level Forex trading EA for MetaTrader 5 fulfilling all above specifications and ready for immediate deployment and backtesting.