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Specification
I am looking for a skilled MQL5 developer to create a custom Expert Advisor (EA) for MetaTrader 5 with the following strategy and additional functionalities:
Strategy Functions:
1. Pivot Highs and Lows:
- Identify pivot highs and lows with a length of 5 candles to the left and 5 candles to the right.
2. Fibonacci Retracement:
- This is drawn between the Second Low and Second High
- Key levels: 0 (start), 0.382 (entry), 0.7 (target profit), 1 (stop loss).
-Only enter at key level 0.382, when the price has gone under this level (Long) or above this level (Short).
3. Break of Structure:
- Recognize the break of structure when the price breaks the first high.
- Break should only be considered when the first high is higher than the first low and higher than the second low. Reverse with Short positions
4. EMA 200:
- Utilize the Exponential Moving Average (EMA) with a period of 200.Price above 200 Long positions, Price under 200 Short positions
Add-On Functions:
1. Set Time and Days to Trade:
- Allow selection of trading days (Monday to Friday) and specific time ranges for each day.
- Example: Monday - 09:00 AM CEST+1 to 11:00 AM CEST+1 & 14:00 PM CEST+1 to 15:30 PM CEST+1.
2. Set Risk Based on % of Account Size:
- Enable setting risk based on a percentage of the account size.
- Example: If the account size is $10,000, and the desired risk is 1%, the risk per trade should be $100.
Message to Applicants:
To ensure the quality of the work and your understanding of the project requirements, please follow these instructions:
1. A brief summary of your experience with MQL5 and previous EA development projects.
2. Confirm that you understand the specified strategy and functionalities.
3. Provide an estimated timeline for completing the project.
4. Include any additional relevant information or suggestions.
Serious applicants only. If the above information is not included in your response, I will assume it is an automated response and will not consider your proposal.
Demo EA Requirements:
Before being accepted (not considered) for this project, you must provide a demo EA showcasing the following capabilities:
1. Correct Pivot Highs and Lows:
- The EA should accurately identify and mark pivot highs and lows with a length of 5 candles to the left and 5 candles to the right.
2. Draw Break of Structure:
- The EA should draw the break of structure based on the identified pivot points.
- It should recognize and correctly mark the break when the first high is higher than the first low and higher than the second low. Reverse with Short positions
3. Correct Fibonacci Retracement:
- Based on the identified pivot points and break of structure, the EA should draw the Fibonacci retracement. This is drawn between the Second Low and Second High
The demo EA is not required to execute any orders; it should solely focus on accurately marking the pivot points, break of structure, and drawing the correct Fibonacci retracement levels on the chart. The Final EA hower, should be able to place trades
Example(s):
Simplified:
In practice:
Looking forward to working with a skilled and dedicated developer!