Specification
I hope this message finds you well. I am reaching out to inquire about the possibility of developing a complex trading bot that incorporates TradingView indicators, specifically by converting these indicators into MLQ5 language and integrating them into an Expert Advisor (EA) according to the rules provided in the following link: https://docs.google.com/presentation/d/1DG7SK3MjIKdx86ZtRd8VtiblaDoW1chcpB3vW-kSeE8/edit#slide=id.g24b94ae862a_4_0
To provide you with a comprehensive understanding of my requirements, I would like to provide a detailed description of the desired trading bot:
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TradingView Indicators Integration:
- The trading bot should be able to interpret and utilize various TradingView indicators effectively.
- The selected indicators will need to be converted from TradingView's proprietary language to MLQ5 language for seamless integration.
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Expert Advisor (EA) Development:
- The bot should be developed as an Expert Advisor (EA) compatible with the MetaTrader 5 (MT5) platform.
- The EA should incorporate the MLQ5 code of the TradingView indicators, ensuring accurate representation and functionality.
- It should be designed to execute trades automatically based on the predefined rules and signals derived from the integrated indicators.
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Rule-Based Trading:
- The bot should operate based on a set of predefined rules outlined in the provided link.
- These rules should govern the decision-making process of the bot, determining the conditions for opening and closing trades.
- The bot should be capable of adapting to different market conditions and adjusting its trading strategy accordingly.
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Risk Management:
- The bot should include robust risk management features to mitigate potential losses.
- It should allow for customization of risk parameters such as stop-loss levels, take-profit levels, and position sizing.
- The risk management system should be designed to optimize the risk-reward ratio and overall portfolio performance.
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Backtesting and Optimization:
- It is crucial that the trading bot undergoes thorough backtesting and optimization to ensure its effectiveness.
- Historical data from relevant markets should be utilized to test the bot's performance and fine-tune its parameters.
- The bot's ability to generate consistent profits, manage risk, and adapt to changing market conditions should be verified through this process.
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User-Friendly Interface:
- The trading bot should be accompanied by a user-friendly interface that allows for easy customization and monitoring of its performance.
- The interface should provide real-time updates on trades executed, account balance, and overall portfolio performance.
- It should enable the user to modify parameters, such as risk settings and indicator preferences, without the need for programming knowledge.
I kindly request that you provide me with a detailed proposal outlining the estimated timeline, cost, and any additional requirements needed to fulfill this project. Please include your relevant experience in developing similar trading bots or EAs.
Should you have any questions or require further clarification regarding my request, please do not hesitate to reach out. I am excited about the potential collaboration and look forward to discussing the project in more detail.
Thank you for considering my request, and I eagerly await your response.