EMA+RSI Buy/Sell with Fibonacci Guide

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.