I'll create an MT5 Expert Advisor (EA) designed for potential daily profits. Keep in mind that actual trading results depend on market conditions, account size, and risk management. //+------------------------------------------------------------------+ //| DailyProfitEA.mq5 | //| Copyright 2023, MetaQuotes Software Corp. | //| https://www.metaquotes.net | //+------------------------------------------------------------------+ #property copyright "Copyright 2023" #property link "https://www.example.com" #property version "1.00" #property strict // Input Parameters input double RiskPercent = 2.0; // Risk per trade (% of balance) input int TakeProfitPips = 30; // Take profit in pips input int StopLossPips = 20; // Stop loss in pips input double DailyProfitTarget = 100; // Daily profit target in USD input double MaxDailyLoss = 100; // Maximum daily loss in USD input int RSI_Period = 14; // RSI period input int RSI_UpperLevel = 70; // RSI overbought level input int RSI_LowerLevel = 30; // RSI oversold level input int MA_Fast_Period = 20; // Fast moving average period input int MA_Slow_Period = 50; // Slow moving average period input ENUM_TIMEFRAMES TimeFrame = PERIOD_H1; // Trading timeframe // Global Variables int RSI_Handle; int MA_Fast_Handle; int MA_Slow_Handle; double DailyProfit = 0; double DailyLoss = 0; datetime LastTradeTime = 0; int MagicNumber = 123456; //+------------------------------------------------------------------+ //| Expert initialization function | //+------------------------------------------------------------------+ int OnInit() { // Initialize indicators RSI_Handle = iRSI(_Symbol, TimeFrame, RSI_Period, PRICE_CLOSE); MA_Fast_Handle = iMA(_Symbol, TimeFrame, MA_Fast_Period, 0, MODE_EMA, PRICE_CLOSE); MA_Slow_Handle = iMA(_Symbol, TimeFrame, MA_Slow_Period, 0, MODE_EMA, PRICE_CLOSE); if(RSI_Handle == INVALID_HANDLE || MA_Fast_Handle == INVALID_HANDLE || MA_Slow_Handle == INVALID_HANDLE) { Print("Error creating indicators"); return(INIT_FAILED); } // Reset daily profit/loss at the start of each day ResetDailyStats(); return(INIT_SUCCEEDED); } //+------------------------------------------------------------------+ //| Expert deinitialization function | //+------------------------------------------------------------------+ void OnDeinit(const int reason) { // Release indicator handles IndicatorRelease(RSI_Handle); IndicatorRelease(MA_Fast_Handle); IndicatorRelease(MA_Slow_Handle); } //+------------------------------------------------------------------+ //| Expert tick function | //+------------------------------------------------------------------+ void OnTick() { // Check if it's a new day to reset stats CheckNewDay(); // Update daily profit/loss CalculateDailyPL(); // Check if daily targets are reached if(DailyProfit >= DailyProfitTarget) { Print("Daily profit target reached: $", DailyProfit); return; } if(DailyLoss >= MaxDailyLoss) { Print("Maximum daily loss reached: $", DailyLoss); return; } // Check if we already have open positions if(PositionsTotal() > 0) { ManageOpenPositions(); return; } // Check for new trade signals CheckForSignals(); } //+------------------------------------------------------------------+ //| Check for trading signals | //+------------------------------------------------------------------+ void CheckForSignals() { // Ensure minimum time between trades (15 minutes) if(TimeCurrent() - LastTradeTime < 15 * 60) return; // Get indicator values double rsi[], ma_fast[], ma_slow[]; ArraySetAsSeries(rsi, true); ArraySetAsSeries(ma_fast, true); ArraySetAsSeries(ma_slow, true); CopyBuffer(RSI_Handle, 0, 0, 3, rsi); CopyBuffer(MA_Fast_Handle, 0, 0, 3, ma_fast); CopyBuffer(MA_Slow_Handle, 0, 0, 3, ma_slow); // Check for buy signal if(rsi[1] < RSI_LowerLevel && rsi[0] > RSI_LowerLevel && ma_fast[1] > ma_slow[1]) { OpenTrade(ORDER_TYPE_BUY); return; } // Check for sell signal if(rsi[1] > RSI_UpperLevel && rsi[0] < RSI_UpperLevel && ma_fast[1] < ma_slow[1]) { OpenTrade(ORDER_TYPE_SELL); return; } } //+------------------------------------------------------------------+ //| Open a new trade | //+------------------------------------------------------------------+ void OpenTrade(ENUM_ORDER_TYPE orderType) { double price = (orderType == ORDER_TYPE_BUY) ? SymbolInfoDouble(_Symbol, SYMBOL_ASK) : SymbolInfoDouble(_Symbol, SYMBOL_BID); double stopLoss = 0, takeProfit = 0; double lotSize = CalculateLotSize(RiskPercent, StopLossPips); // Calculate stop loss and take profit levels double pipValue = SymbolInfoDouble(_Symbol, SYMBOL_POINT) * 10; if(orderType == ORDER_TYPE_BUY) { stopLoss = price - (StopLossPips * pipValue); takeProfit = price + (TakeProfitPips * pipValue); } else { stopLoss = price + (StopLossPips * pipValue); takeProfit = price - (TakeProfitPips * pipValue); } // Prepare trade request MqlTradeRequest request = {}; MqlTradeResult result = {}; request.action = TRADE_ACTION_DEAL; request.symbol = _Symbol; request.volume = lotSize; request.type = orderType; request.price = price; request.sl = stopLoss; request.tp = takeProfit; request.deviation = 10; request.magic = MagicNumber; request.comment = "DailyProfitEA"; request.type_filling = ORDER_FILLING_FOK; // Send order if(!OrderSend(request, result)) { Print("OrderSend error: ", GetLastError()); return; } LastTradeTime = TimeCurrent(); Print("Trade opened: ", EnumToString(orderType), " at ", price, " SL: ", stopLoss, " TP: ", takeProfit, " Lot: ", lotSize); } //+------------------------------------------------------------------+ //| Calculate position size based on risk percentage | //+------------------------------------------------------------------+ double CalculateLotSize(double riskPercent, int stopLossPips) { double balance = AccountInfoDouble(ACCOUNT_BALANCE); double riskAmount = balance * (riskPercent / 100); double tickSize = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_SIZE); double tickValue = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_VALUE); double pipValue = SymbolInfoDouble(_Symbol, SYMBOL_POINT) * 10; double lotStep = SymbolInfoDouble(_Symbol, SYMBOL_VOLUME_STEP); double minLot = SymbolInfoDouble(_Symbol, SYMBOL_VOLUME_MIN); double maxLot = SymbolInfoDouble(_Symbol, SYMBOL_VOLUME_MAX); double riskPerPip = riskAmount / stopLossPips; double lotSize = riskPerPip / (pipValue * tickValue / tickSize); // Normalize lot size lotSize = NormalizeDouble(lotSize, 2); // Ensure lot size is within allowed range lotSize = MathMax(minLot, MathMin(maxLot, lotSize)); // Adjust to lot step lotSize = MathFloor(lotSize / lotStep) * lotStep; return lotSize; } //+------------------------------------------------------------------+ //| Manage open positions | //+------------------------------------------------------------------+ void ManageOpenPositions() { // Here you can add trailing stop logic or other position management // For this basic EA, we'll rely on the predefined SL/TP } //+------------------------------------------------------------------+ //| Calculate daily profit/loss | //+------------------------------------------------------------------+ void CalculateDailyPL() { DailyProfit = 0; DailyLoss = 0; // Get history for today datetime today_start = StringToTime(TimeToString(TimeCurrent(), TIME_DATE)); // Select history for today HistorySelect(today_start, TimeCurrent()); // Loop through closed deals for(int i = 0; i < HistoryDealsTotal(); i++) { ulong ticket = HistoryDealGetTicket(i); if(ticket > 0) { // Check if the deal belongs to our EA if(HistoryDealGetInteger(ticket, DEAL_MAGIC) == MagicNumber) { double profit = HistoryDealGetDouble(ticket, DEAL_PROFIT); if(profit > 0) DailyProfit += profit; else DailyLoss += MathAbs(profit); } } } } //+------------------------------------------------------------------+ //| Check if it's a new day to reset stats | //+------------------------------------------------------------------+ void CheckNewDay() { static datetime last_day = 0; datetime current_day = StringToTime(TimeToString(TimeCurrent(), TIME_DATE)); if(current_day > last_day) { ResetDailyStats(); last_day = current_day; } } //+------------------------------------------------------------------+ //| Reset daily statistics | //+------------------------------------------------------------------+ void ResetDailyStats() { DailyProfit = 0; DailyLoss = 0; Print("Daily statistics reset"); } //+------------------------------------------------------------------+ # Daily Profit MT5 Expert Advisor This Expert Advisor (EA) is designed to aim for consistent daily profits in the forex market using a combination of technical indicators. ## Features - Daily profit target of $100 (adjustable) - Maximum daily loss limit to protect your account - Risk management based on percentage of account balance - Trading strategy based on RSI and Moving Average crossovers - Automatic trade management with stop loss and take profit ## Installation 1. Copy the `DailyProfitEA.mq5` file to your MetaTrader 5 `Experts` folder 2. Restart MetaTrader 5 or refresh the Navigator panel 3. Drag and drop the EA onto a chart ## Configuration The EA comes with default settings, but you should adjust them based on your account size and risk tolerance: - **RiskPercent**: Percentage of account balance to risk per trade (default: 2%) - **TakeProfitPips**: Take profit level in pips (default: 30) - **StopLossPips**: Stop loss level in pips (default: 20) - **DailyProfitTarget**: Daily profit target in USD (default: $100) - **MaxDailyLoss**: Maximum daily loss in USD (default: $100) - **RSI_Period**: Period for the RSI indicator (default: 14) - **MA_Fast_Period**: Period for the fast moving average (default: 20) - **MA_Slow_Period**: Period for the slow moving average (default: 50) - **TimeFrame**: Trading timeframe (default: H1) ## Trading Strategy The EA uses a combination of RSI and Moving Average indicators: - **Buy Signal**: RSI crosses above the oversold level (30) and fast MA is above slow MA - **Sell Signal**: RSI crosses below the overbought level (70) and fast MA is below slow MA ## Risk Warning Trading forex involves substantial risk of loss. This EA does not guarantee profits and past performance is not indicative of future results. Always test thoroughly on a demo account before using with real money. ## Recommended Testing Before using this EA with real funds: 1. Backtest it using MT5's Strategy Tester 2. Forward test on a demo account for at least 1 month 3. Start with a small account size when moving to live trading This MT5 Expert Advisor uses a combination of RSI and Moving Average indicators to identify trading opportunities. It includes: 1. Daily profit target of $100 (adjustable) 2. Maximum daily loss limit to protect your account 3. Risk management based on percentage of account balance 4. Automatic stop loss and take profit levels 5. Position sizing based on your risk tolerance To use this EA: 1. Copy the DailyProfitEA.mq5 file to your MetaTrader 5 Experts folder 2. Restart MT5 or refresh the Navigator panel 3. Drag the EA onto your preferred chart 4. Adjust the settings based on your account size and risk tolerance Important: Always test thoroughly on a demo account before using with real money. Trading involves risk, and no EA can guarantee consistent profits.