I'm interested in have it written EA who's working with my conditions.
Robot should be work in MT4 platform.
Robot is martingale / hedging system.
Below are requirements to write EA, which be based on the following specifications and will be a complete mapping of these specifications.
- Developer should have experience with martingale and hedging systems.
- Source code must be provide, code should be open for purchaser in 100%. Source code must be open for modifications in future.
- Developer should provide instruction, how to use EA, how to install, what account size should be used, what brokers are recommended, in what situations EA should be turn OFF by owner.
- Developer should provide backtests (PDF), in last years, on different currency pairs, metals, indices, shares.
- The expected value of profit is around 100% per year with low risk and drawdown.
- The expected deposit value on account is 3000 - 6000 EUR. Min value of deposit should be indicated by the programmer.
Description of EA:
- EA always opens a buy and a sell order almost at the same time. If the market moves in any direction, the plus position is closed and another 2 positions (a buy and a sell) are opened - thus, the balance is built up and the minus positions remain - this is repeated until the market turns and the group the minus positions in plus closes.
- At a certain level, the hedging position is waived due to the security, and only more counter positions are opened - this prevents us from overshooting the whole thing.
- In addition, the EA is trying when it gets dice with a complicated mathematical mechanism to gradually degrade the DD.
In addition, EA should have a news filter installed, a few hours before and after news (low, medium, high - each other distances) makes EA in
the news currency pair no new trades.
This is ultragenial system BUT still a martingale system, my personal opinion: Every martingale system will crash sooner or later (but this one has a performance that you would not otherwise with any other system), - because at some point the market movement comes through News, Trump, etc. which one can not foresee. That's why should have built a hard stop at minus 35 percent on EA - so we will not destroy the account in extreme situations.
For an EA that averages about 15-20% a month, in my opinion, a 35% "crash" is bearable that did not happen in the backtest until 2015! If want to
halve the risk in this case, just deposit twice as much and put risk at 0.5 ...
And another important note: EA works inconspicuously and solidly with low DD for a seemingly eternal period, but eventually the day will come where more DD will be; So this EA may not be overruled.
Starting with 0.01 Lot per ~6,000 Euros, EA should has realistic chance of making 15-20% per month.
More info I send to interested developers.