This MT5 Expert Advisor combines multi-timeframe candlestick pattern analysis with fundamental event filtering to execute trades with disciplined risk management. Key features:
Core Strategy
Price Action Focus: Relies solely on candlestick patterns (pin bars, engulfing, hammers/shooting stars) across three timeframes (M5, H1, H4) for trade signals.
Multi-TF Confluence: Requires alignment between 5-minute triggers and higher-timeframe (H1/H4) trend structure.
Risk Management
1.5:1 Risk-Reward Ratio: Automatically calculates take-profit at 1.5x stop-loss distance.
Margin Safeguards: Limits margin usage (<30% by default) and auto-adjusts position sizing.
Dynamic Stops: Uses ATR volatility scaling or fixed pip distances for stop-loss placement.
News Filter
Pre-Event Shutdown: Closes all positions 2 hours before high-impact news events (GDP, NFP, CPI).
Volatility Avoidance: Prevents new trades during scheduled high-risk periods.
Operational Design
5-Minute Execution: Triggers trades on M5 chart while respecting H1/H4 context.
Session Limits: Only trades during peak liquidity hours (8 AM–5 PM server time).
Strengths:
Eliminates indicator lag through pure price action analysis
Strict risk control via fixed RR ratio and margin caps
Adaptive to both trending and ranging markets
Ideal For:
EURUSD and other liquid majors during active sessions
Traders seeking systematic execution with event-risk protection
This EA balances technical pattern recognition with macroeconomic awareness, prioritizing capital preservation while targeting consistent 1.5:1 reward scenarios.