?? Unlock the Power of Automation with ChatGPT and MQL5! ??

With just a few simple prompts and a basic understanding of coding, you can create a fully functional Expert Advisor (EA) for MetaTrader 5—compiled and ready for testing! ???

By leveraging ChatGPT, you can streamline the development process, making it accessible even if you're not a seasoned coder. Simply describe your trading strategy, and let ChatGPT do the heavy lifting for you. Here’s how:

?? Step 1: Provide ChatGPT with a clear prompt that outlines your EA requirements. For example:

(Sample Prompt)

As a professional algo trader, using MQL5 codes, create an Expert Advisor using the following strategy:

1. Use the puffer function to store and recall data.
2. Include #include <Trade/Trade.mqh> and CTrade trade;.
3. Identify orders using a magic number.
4. Display EA and account information on the chart.
5. Make both the Fast and Slow Moving Averages user-defined.
6. Open a buy position when the Fast MA crosses above the Slow MA, and a sell position when it crosses below.
7. Set customizable stop loss and take profit values in points.
8. Implement a daily loss limit, also user-defined.

?? Step 2: Copy the code generated by ChatGPT into the MetaTrader 5 Editor and compile it.

??? Step 3: If any errors pop up during compilation, don’t worry! Simply copy and paste those errors back into ChatGPT, and ask it to fix them. This iterative process may take a couple of tries, but with ChatGPT’s assistance, you'll have a working EA in no time.

?? Repeat until your code compiles error-free, and you’ll have an automated trading system customized to your specifications—without needing deep programming expertise.

Ready to build your own trading bot? ?? Start by describing your idea to ChatGPT today, and take your algo trading to the next level!

#AlgoTrading #MQL5 #MetaTrader #ExpertAdvisor #Automation #ChatGPT #AI #FinTech

//+------------------------------------------------------------------+
//| Expert initialization function                                   |
//+------------------------------------------------------------------+
#include <Trade/Trade.mqh>

CTrade trade; // Trade object

//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
input int FastMAPeriod = 14;            // Fast Moving Average period (user-defined)
input int SlowMAPeriod = 28;            // Slow Moving Average period (user-defined)
input int StopLossPoints = 100;         // Stop loss in points (user-defined)
input int TakeProfitPoints = 200;       // Take profit in points (user-defined)
input int MagicNumber = 123456;         // Magic number to identify orders (user-defined)
input double MaxDailyLoss = 500;        // Maximum allowed daily loss (user-defined)

double FastMA[], SlowMA[];              // Arrays for MA values
double PreviousFastMA, PreviousSlowMA;  // Previous values for MA cross checking
double DailyLoss = 0;                   // Track daily loss

int handleFastMA, handleSlowMA;         // MA handles

//+------------------------------------------------------------------+
//| Expert initialization function                                   |
//+------------------------------------------------------------------+
int OnInit()
  {
// Initialize Moving Averages
   handleFastMA = iMA(_Symbol, _Period, FastMAPeriod, 0, MODE_SMA, PRICE_CLOSE);
   handleSlowMA = iMA(_Symbol, _Period, SlowMAPeriod, 0, MODE_SMA, PRICE_CLOSE);

   if(handleFastMA < 0 || handleSlowMA < 0)
     {
      Print("Error initializing Moving Averages");
      return INIT_FAILED;
     }

// Create buffer arrays
   ArraySetAsSeries(FastMA, true);
   ArraySetAsSeries(SlowMA, true);

// Initialize the Daily Loss Tracker
   DailyLoss = 0;

// Chart display
   ChartRedraw();

   return INIT_SUCCEEDED;
  }

//+------------------------------------------------------------------+
//| Expert deinitialization function                                 |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
  {
   IndicatorRelease(handleFastMA);
   IndicatorRelease(handleSlowMA);
  }

//+------------------------------------------------------------------+
//| Expert tick function                                             |
//+------------------------------------------------------------------+
void OnTick()
  {
// Check daily loss limit
   if(AccountInfoDouble(ACCOUNT_PROFIT) <= -MaxDailyLoss)
     {
      Print("Daily loss limit reached. No more trades today.");
      return;
     }

// Calculate the moving averages
   if(CopyBuffer(handleFastMA, 0, 0, 2, FastMA) <= 0 || CopyBuffer(handleSlowMA, 0, 0, 2, SlowMA) <= 0)
     {
      Print("Error in copying buffers");
      return;
     }

   double currentFastMA = FastMA[0];
   double currentSlowMA = SlowMA[0];
   PreviousFastMA = FastMA[1];
   PreviousSlowMA = SlowMA[1];

// Check for buy signal
   if(PreviousFastMA < PreviousSlowMA && currentFastMA > currentSlowMA)
     {
      if(!PositionSelect(_Symbol))  // Check if no open position
        {
         OpenPosition(ORDER_TYPE_BUY);
        }
     }

// Check for sell signal
   if(PreviousFastMA > PreviousSlowMA && currentFastMA < currentSlowMA)
     {
      if(!PositionSelect(_Symbol))  // Check if no open position
        {
         OpenPosition(ORDER_TYPE_SELL);
        }
     }

// Display EA information on chart
   DisplayInfoOnChart();
  }

//+------------------------------------------------------------------+
//| Function to open a position                                      |
//+------------------------------------------------------------------+
void OpenPosition(int type)
  {
   double price, sl, tp;
   double lot_size = 0.1; // Define your lot size

   if(type == ORDER_TYPE_BUY)
     {
      price = SymbolInfoDouble(_Symbol, SYMBOL_ASK);
      sl = NormalizeDouble(price - StopLossPoints * _Point, _Digits);
      tp = NormalizeDouble(price + TakeProfitPoints * _Point, _Digits);
      trade.Buy(lot_size, _Symbol, price, sl, tp, NULL);
     }
   else
      if(type == ORDER_TYPE_SELL)
        {
         price = SymbolInfoDouble(_Symbol, SYMBOL_BID);
         sl = NormalizeDouble(price + StopLossPoints * _Point, _Digits);
         tp = NormalizeDouble(price - TakeProfitPoints * _Point, _Digits);
         trade.Sell(lot_size, _Symbol, price, sl, tp, NULL);
        }
  }

//+------------------------------------------------------------------+
//| Function to display EA and account info on chart                 |
//+------------------------------------------------------------------+
void DisplayInfoOnChart()
  {
   string eaName = "My Moving Average EA";
   string fastMA = "Fast MA Period: " + IntegerToString(FastMAPeriod);
   string slowMA = "Slow MA Period: " + IntegerToString(SlowMAPeriod);
   string sl = "Stop Loss: " + IntegerToString(StopLossPoints) + " points";
   string tp = "Take Profit: " + IntegerToString(TakeProfitPoints) + " points";
   string magic = "Magic Number: " + IntegerToString(MagicNumber);
   string maxLoss = "Max Daily Loss: " + DoubleToString(MaxDailyLoss, 2);

   string accountInfo = "Account Balance: " + DoubleToString(AccountInfoDouble(ACCOUNT_BALANCE), 2) +
                        "\nAccount Equity: " + DoubleToString(AccountInfoDouble(ACCOUNT_EQUITY), 2) +
                        "\nDaily Loss: " + DoubleToString(DailyLoss, 2);

   Comment(eaName + "\n" + fastMA + "\n" + slowMA + "\n" + sl + "\n" + tp + "\n" + magic + "\n" + maxLoss +
           "\n\n" + accountInfo);
  }
//+------------------------------------------------------------------+
        

The code will be ready for testing.

**Please make sure to try on a demo account only, the EA is not completely functional to be used for a real account. the code provided is for experimental and educational purposes only.