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Subject:Development Request for Grey Wolf - High Frequency Trading Forex Robot MT4
Dear Forex Robot Developer,
I am reaching out to discuss the development of a high frequency trading forex robot MT4, tentatively named "Grey Wolf," based on candlestick analysis. The primary objective of this project is to create a sophisticated trading tool that leverages candlestick patterns to execute trades with a high probability of yielding positive profit returns.
Concept Overview:
The Grey Wolf EA aims to identify and execute trades that align with specific candlestick patterns, adopting a scalping strategy. By closely analyzing candlestick patterns such as Bullish/Bearish Engulfing, Tweezer Tops/Bottoms, and Harami (both bullish and bearish variations), the robot will enter trades with precision and efficiency.
Key Features:
- Candlestick Pattern Recognition:The Grey Wolf will be equipped to accurately identify a range of candlestick patterns on the chart.
- Entry Strategy:Once the EA is applied to the chart, it will wait for a 1-pip positive movement (BUY or SELL) before initiating a trade. The entry point will serve as both the trade's break-even level and entry point.
- Trade Management:In the event of a trade reversal, the EA will automatically close the trade with a 1-pip profit. If the trade continues in the desired direction, the EA will manage the trade accordingly.
- Risk Management:The robot will incorporate a predetermined Stop Loss, positioned below the initial entry point, to mitigate potential losses.
- Customizable Parameters:Grey Wolf will feature an array of adjustable parameters, including lot size, number of trades to open, take profit (TP) and stop loss (SL) levels, spread filter, time and date filters, breakeven setting, automatic lot size adjustment, and trailing stop loss.
Additional Details:
To provide a comprehensive understanding of the project's requirements, I intend to supplement this written request with detailed videos outlining specific aspects of Grey Wolf's functionality.
Furthermore, once you are selected for the project, I will furnish you with additional insights and specifications to facilitate the development process.
Your expertise in forex robot development and familiarity with advanced trading strategies make you an ideal partner for this venture. I am excited about the prospect of collaborating with you on Grey Wolf and look forward to discussing this opportunity further.
Thank you for your time and consideration. Please let me know if you have any questions or if you require further clarification. I commence this journey toward creating a highly effective and profitable forex trading robot.
If you have any further adjustments or suggestions, please let me know.