I need an experienced developer that can develop EA that can automatically trade forex Trending Strategy with Support and Resistance:

MQL5 Experts

Job finished

Execution time 24 days
Feedback from customer
Very smooth job process. Always available, compliance with specifications and resolving issues. I will always come back to work with him.
Feedback from employee
The customer is never in a hurry. Carefully checks and tests.

Specification

  1. The robot should be automatic  to be able to open and close trade by itself and work on all currency pairs. Should work on all timeframes and should be able to trade both small and large account size

  2. Trend Identification and Entry Conditions:

    • Implement a robust trend identification algorithm that can identify and confirm market trends.
    • Use technical indicators like moving averages and the Average Directional Index (ADX) to
      identify trends.
    • For an uptrend:
      • Look for higher highs and higher lows.
      • Use a moving average crossover strategy where a shorter-term moving average crosses above a longer-term moving average.
    • For a downtrend:
      • Look for lower highs and lower lows.
      • Implement a moving average crossover strategy where the shorter-term moving average crosses below the longer-term moving average.
    • Support and resistance levels should be integrated into the entry conditions.
  3. Position Sizing and Leverage Control:

    • Allow users to specify position sizing parameters, such as lot size, percentage of account balance to risk, and maximum leverage.
    • Implement dynamic lot sizing based on user-defined risk percentages and stop-loss levels.
  4. Stop Loss and Take Profit:

    • Enable users to set stop loss and take profit levels based on their risk-reward preferences.
    • Implement trailing stop functionality to capture maximum profits during strong trends.
    • Implement automatic breakeven functionality (break even when the trade reaches a certain profit level).
  5. Trailing Stop:
  • Include a trailing stop feature that moves the stop loss as the trade moves in the desired direction.
  • Users should be able to configure the trailing stop parameters.
  1. Risk Management:

    • Provide risk management features, including maximum risk per trade and maximum drawdown controls.
    • Calculate lot size based on risk tolerance and stop loss distance.
  2. Spread Filter and News Avoidance:

    • Include a spread filter to avoid trading when the spread is too high, allowing users to define the maximum acceptable spread.
    • Implement a news avoidance feature that prevents trading during high-impact news events.
  3. Time Filter and Session Control:

    • Integrate time filters to specify trading hours and days.
    • Allow users to adjust the trading session based on their preferences.
  4. User Interface:

    • Design a user-friendly interface for users to adjust parameters, select timeframes, and monitor trade activity.
    • Include visualization tools to display the current trend, support and resistance levels, and trade-related information.
  5. Trade Management:

    • Manage open trades, monitor the risk-to-reward ratio, and adjust stop loss and take profit levels as the trade progresses.
    • Implement multiple trade management options to cater to different trading styles, such as trend-following and trend-scalping.
  6. Alerts and Notifications:

    • Integrate alerts and notifications for trade signals, execution, stop loss/take profit hits, and other important events.
    • Allow users to select their preferred notification methods (e.g., email, pop-up alerts, mobile notifications).
  7. Backtesting and Optimization:

    • Provide backtesting capabilities for users to assess the robot's historical performance.
    • Offer optimization options to fine-tune parameters for better results.
  8. Documentation and Support:

    • Create comprehensive documentation explaining how to use the robot and its features.
    • Offer user support or access to a user community for assistance and troubleshooting.


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Project information

Budget
30 - 50 USD
For the developer
27 - 45 USD