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Rules
Job finished
Specification
LONG TERM RELATIONSHIP CAN BE EARNED (!)
*sorry if this isn't as professional as other posts, I am new to quantitative trading.
Automated Trading System for GBPUSD Currency Pair (Forex) based on Bollinger Bands for MT5 Platform - trading on 1 minute chart
This is a simple strategy that relies on the Bollinger Bands' resistance levels. When a candlestick hits the bottom band the system should immediately place a buy limit order (to reduce slippage - the exact placement of the buy limit based on where the bottom band is will be given to the chosen developer) and then take profit will be triggered once the price hits the middle band. Same goes for the other way, when a candlestick hits the top band the system will create a sell order to then take profits once the price returns to wherever the middle band is.
There will of course be stop losses, as well as other rules for the system to follow such as obeying a long/short to short/long repetition rather than a short to short to long to short to short to long to long etc... if you don't understand what I mean I have described it in my notes which I will send to the chosen developer and might be willing to share with some applicants.
The system must not be allowed to generate more than 1% of the account size in a day. The amount of lots traded will be 1/13th (rounded to 2 d.p. in cases of lengthly digitized numbers) of the available lots ( ((account size x leverage) / 100,000) )...
Although it may not be put into work immediately I would like there to be an added/optional section in the code that would allow me to specify what time of the day the system starts or what times of the day does the system turn on/off.
The development process, I have it in my head that this won't take months to do but regardless of the length of time I would like to be taken step by step through the process. Calls will be appreciated.
An important thing for the developer to do, after putting the strategy into code, is to give me the source file/code and a quick lesson on how to backtest the strategy, put it into a demo account and then put it into a live account - it would be most beneficial to me if a developer could add directional text into the code that can describe to me what value is where because if the backtesting shows me that the strategy can be optimized by increasing stop loss and I would like to change the value of the stop loss, adding text into the code like, and I realize you have to do some slashes or whatnot so it doesn't affect anything, 'here is the code for the stop loss', that would be much appreciated.
Other jobs, there are other strategies of mine (all short term, either scalping or very close to it) that I would love to be put into code and if the chosen developer proves to me they have the skill to code those strategies then I have no problem with working directly with them for my other jobs. The cost of this job I expect/hope to be quite minimal as I am willing to surge the price up, job by job.