FreelanceSections

MT5 EA Development for Forex Trading Strategy

MQL5 Experts Forex Trading robot/indicator debugging

Specification

## Project Title: MT5 EA Development for Forex Trading Strategy

### Project Description:

I am seeking the development of a custom Expert Advisor (EA) to automate my Forex trading strategy on the MetaTrader 5 platform. This EA should strictly adhere to my strategy rules, which are defined below. The main aspects of the strategy include two Exponential Moving Averages (EMAs), a Detrended Price Oscillator (DPO), and an Average True Range (ATR) for Stop-Loss placement. 

### Forex Pairs to Trade:

The EA should be capable of trading the top 21 most liquid Forex pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD.

### Trading Strategy:

**Entry Rules:**

- Only enter a trade when both EMAs have crossed, and they are at least 1.5 pips apart after crossing.

- Enter a buy position when:
    - EMA 1 (Length 12) crosses above EMA 2 (Length 40)
    - DPO bars turn green (indicating DPO is over 0 Line)

- Enter a sell position when:
    - EMA 1 (Length 12) crosses below EMA 2 (Length 40)
    - DPO bars turn red (indicating DPO is under 0 Line)

**Exit Rules:**

- Set Stop-Loss a little above the recent swing high plus the ATR value for sell trades, or a little below the recent swing low minus the ATR value for buy trades.
- Set Take-Profit at a Risk:Reward ratio of 1:2.
- Close any open position if the EMAs cross back in the opposite direction.
- Close the position if the EMA crosses over again and reaches a distance of 2 pips or more between them.

**Additional Rules:**

- Do not trade in ranging markets, such as when the EMAs have crossed twice or more within the last 24 hours.
- Maximum of one open position per pair at any given time.
- Avoid trading any pair with a spread difference of 1 pip or more.
- Do not trade pairs with important news/data expected within the next 12 hours or those that have already had such data released in the last 2 hours.
- Utilize your EMAs to understand the long-term trend and always check historical patterns and pricing.

**Risk Management:**

- Risk a maximum of 0.5% of your account on each trade if it's only valid on one timeframe (1H or 4H). However, if the trading signal aligns on both timeframes, you can risk 1% on that trade.
- Do not expose more than 3% of your account to the market at any given time.
- Cease trading for the day if you lose 3% of your account value.
- If you have earned 6% of your account value in a single day, refrain from further trading for the rest of the day.

**Other Considerations:**

- The EA should operate 24/5.
- If a trade is closed due to EMA cross in the opposite direction or reaching the set profit/loss level, the EA should consider re-entry into the market upon the next EMA crossover that complies with all other rules.
- Use an API service to determine significant news events. A paid service is preferred for more accurate and prompt updates.
- The EA should automatically close trades when the EMAs re-cross.
- The leverage on the trading account is usually 1:100.
- The EA should allow a slippage of up to 2 pips for trade execution.
- The EA should attempt to open a trade even if the price deviates within the 2 pips limit from the desired entry point, especially when the price retraces back to the desired level or when a better entry point arises.

### Deliverables:

The final deliverable should be the complete, compiled EA, along with its source code. The code should be clean, efficient, and well-commented for future modifications. 

### Communication:

I would appreciate regular updates and the opportunity to test different versions of the EA during the development process.

---

Additional Features:

1. **Notification System:** The EA could send notifications to your email or mobile phone when it opens or closes a trade.

2. **Backtesting Functionality:** You may want the ability to backtest your strategy over historical data. Your EA should support this feature.

3. **Dashboard:** A simple dashboard on the MT5 screen showing current trades, potential setups, account status, and other relevant information can be very handy.

4. **Logs:** Keep detailed logs of all activities. It helps to debug in case of issues and also allows you to review the EA's performance.

5. **Customization:** All strategy parameters should be easily customizable through the EA's input settings.

6. **Graceful Error Handling:** The EA should handle all kinds of errors gracefully and never crash your MT5 terminal.

These suggestions should make the EA more robust, flexible, and user-friendly.

I Bought the MOST Profitable Swing Trading Strategy on Fiverr for $45 - YouTube

Responded

1
Developer 1
Rating
(16)
Projects
35
23%
Arbitration
4
0% / 50%
Overdue
2
6%
Working
2
Developer 2
Rating
(156)
Projects
200
60%
Arbitration
10
80% / 0%
Overdue
0
Working
Published: 1 code
3
Developer 3
Rating
(434)
Projects
635
54%
Arbitration
32
56% / 22%
Overdue
6
1%
Loaded
4
Developer 4
Rating
(11)
Projects
11
0%
Arbitration
5
20% / 60%
Overdue
2
18%
Free
5
Developer 5
Rating
(14)
Projects
19
11%
Arbitration
1
0% / 100%
Overdue
5
26%
Free
6
Developer 6
Rating
(72)
Projects
80
10%
Arbitration
38
8% / 58%
Overdue
6
8%
Free
7
Developer 7
Rating
(7)
Projects
6
0%
Arbitration
5
0% / 100%
Overdue
1
17%
Free
8
Developer 8
Rating
(314)
Projects
562
35%
Arbitration
81
31% / 44%
Overdue
205
36%
Working
9
Developer 9
Rating
(1)
Projects
1
0%
Arbitration
2
50% / 50%
Overdue
0
Free
10
Developer 10
Rating
(37)
Projects
59
27%
Arbitration
26
19% / 54%
Overdue
10
17%
Working
Published: 1 code
11
Developer 11
Rating
(119)
Projects
169
38%
Arbitration
9
78% / 22%
Overdue
15
9%
Free
12
Developer 12
Rating
(24)
Projects
29
38%
Arbitration
2
0% / 0%
Overdue
2
7%
Free
13
Developer 13
Rating
(104)
Projects
127
24%
Arbitration
23
30% / 52%
Overdue
8
6%
Free
14
Developer 14
Rating
(8)
Projects
13
85%
Arbitration
1
0% / 100%
Overdue
0
Free
Similar orders
Robots in C++ (cAlgo trading platform) 5000+ USD
I really like this platform. I am interested in trading and need funds for it. I enjoy both crypto and forex trading.I"really appreciate this platform. I am keen on trading and am looking for trading funds. I enjoy trading in both cryptocurrency and forex."
Titan Quantum Algo Engine V2🏆 30 - 200 USD
Titan Quantum Algo Engine V2 is an advanced MT5 Expert Advisor designed to identify high-probability market opportunities using trend analysis, breakout detection, and intelligent risk management. The EA automatically executes trades, manages stop-loss and take-profit levels, and helps traders maintain disciplined trading with optimized entry and exit strategies
ALRT 100+ USD
# Project Requirements – Sierra Chart to MT5 Integrated Alerts *Scope:* The project must be a *fully integrated system* including both: 1. *Sierra Chart ACSIL sender* – writes alerts to JSON. 2. *MT5 EA (Listener)* – reads JSON alerts and executes trades in MT5. The system must handle alerts *from Sierra Chart to MT5 execution* completely, not just file sending. *Duplicate Alert Detection:* - Use
The striker robot 30 - 2000 USD
I would like a trend and pullback strategy for the robot timeframe:15 minutes(m15) or 1 hour(h1) indicators:50 EMA (Exponential Moving Average)/200 EMA/RSI (14) BUY SET UP 1.Confirm The Trend .50 EMA must be above 200 EMA .Price must be above both EMAs 2.Wait for a pullback .Do not buy when the price shoots up. .Wait for the price to come back near the 50 EMA 3.Confirm entry .ENTER BUY WHEN: .A bullish candlestick
CREATE A Highly Profitable Scalping FOREX EA for Gold 90+ USD
I do not have any startegy, and I want you to create one with your experience, you will provide me EA along with source code. you may use Grid or any logic, but the EA should keep generating profit during Newyourk and Asian session
Binance Ai Trading Bot $US700 budget negotiable 700 - 3000 USD
I need an Ai trading bot for Binance and BTC on MT5 that also uses order flow data. It should also make use of TSI- Temporal indicator sampling and also it should make use of fundamental analysis in the process of signal generation
MT5 EA with ready indicator 30+ USD
Hi,I am looking for an experienced developer specializing in the creation of Expert Advisors (EAs) for trading platforms. I would like to commission the development of an EA based on the open-source LuxAlgo code. The entry strategy will be based, among other things, on Martingale and Grid trading concepts. A detailed specification covering trade management, position sizing, and risk management rules will be provided
HELLO I NEED EXPERT DEVELOPER IN METATRADER 5 30+ USD
Hello, I need a MetaTrader 5 Expert Advisor (EA) for XAUUSD. Place Buy Stop orders above current price every 0.300 distance Place Sell Stop orders below current price every 0.300 distance 10 levels up and 10 levels down Lot size fixed 0.01 No TP/SL required, manual close only No duplicate orders on restart Please confirm if you can build this and your final price and delivery time
Profitable EA for Gold in sideways and trending both market 30+ USD
I have a EA for XAUUSD which works awesome in sideways and trending market as well, capital requirement is only 2000USd and weekly profit is around 1500-2000 USD. I am using this bot from 3 months and getting continuous good result
Want to automate my strategy in forex gold 30 - 100 USD
Dear All i am working on strategy in forex market specifically in xausud and i just want someone to make it automatic execution mode as per my requirements with propee risk management my broker is exness and i have an account in MT5

Project information

Budget
50 - 500 USD
Deadline
to 20 day(s)