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Hello everyone,
So I'm looking for an experienced coder for this job.
First you need to be able to make an indicator that will spot a specific pin bar pattern which is the easy part.
Then add some filters to it:
- pivot point with different calculation method and able to check different timeframe for the pivot lines see if they come in contact with that signal candle
if the pin bar comes into contact with a pivot line (PP, S or R), or within a fixed buffer value, then flag the candle as proper signal
it will also filter with ATR value (default 8 period ATR but can be changed in the inputs)
able to send alert, push alert etc
a pre alert system, which will send a notification but this time while the candle is still in formation
it will display an arrow to signal the candle as well as a coloured rectangle to show the space available on the left of that candle .
this is basically what it's gonna look like, with an arrow (triangle, whatever) showing the signal candle after filtering ATR and pivot line touch etc
it will display a rectangle with 4 different colors depending on the wick part that meets the criteria (0-25 26-50 51-75 76-100%)
if you feel like you're able to do this then we can discuss all the details to be sure.
I'll need clean source code for this and it will be included in an EA.
If you can code it for both MT4 and 5 it's a big plus
The corresponding EA isn't really complicated, it will take entries based on the indicator.
if signal candle appears then take sell/buy. placement of the SL is either below/above the signal candle + fixed pips, take profit will be either at a multiple of the SL value (ex TP=2xSL in pips) or trailing stop. it can also take partial profit on TP1 and let the rest run until TP2 is hit (either another multiple or trailing with risk multiple or next pivot line etc)
this is one example of setup for the EA with SL/TP
it can also close the trade on opposite signal from the indicator (ex: print a new bullish candle signal while a sell is in progress), either on the same time frame or the timeframe below (ex: sell trade on 5min chart, if a bullish signal is printed on the 1min TF then close trade)
it will need to calculate the position size, it can be fixed amount of risk (ex: 10$), a % of the account equity/balance/freemargin or a fixed lot size.
it will have the option to use martingale: multiplying the position size by X (0.10 for a 10% increase in risked position etc)
I have everything written in details in proper PDF but this is the main idea, rest is basically trade hours, slippage, max number of trades open etc
so if you feel like you can clearly do this job we can discuss the price and time needed for both the indicator and the EA
P.S: please do not apply if you think you can't do some parts of it