OPEN-SOURCE SCRIPT

EMA+RSI Buy/Sell with Fibonacci Guide

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Single-Instance EUR/USD & GBP/USD Trend+MACD ATR EA

Purpose:

This EA is designed for automated Forex trading on EUR/USD and GBP/USD. It identifies trend-based trading opportunities, dynamically calculates position sizes based on your available capital and risk percentage, and manages trades with ATR-based stop-loss and take-profit levels, including optional trailing stops.

Key Features:

Auto Pair Selection:

Compares the trend strength of EUR/USD vs GBP/USD using a combination of EMA slopes and MACD direction.

Automatically trades the stronger trending pair.

Trend & Signal Detection:

Uses Fast EMA / Slow EMA crossover for trend direction.

Confirms trend with MACD line vs signal line.

Generates long and short signals only when trend and MACD align.

Dynamic SL/TP:

Stop-loss and take-profit are calculated based on ATR (Average True Range).

Supports optional trailing stops to lock in profits.

Position Sizing:

Automatically calculates micro-lot sizes based on your capital and risk percentage.

Ensures risk per trade does not exceed the defined % of your account equity.

Chart Visualization:

Plots Fast EMA / Slow EMA.

Displays SL and TP levels on the chart.

Shows a label indicating the active pair currently being traded.

Alerts:

Generates alerts for long and short signals.

Can be used with TradingView alerts to notify or trigger webhooks.

Single Strategy Instance:

Fully compatible with Pine Script v6.

Only one strategy instance runs on the chart to prevent “too many strategies” errors.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.