Job finished
Execution time 3 days
Feedback from employee
Very good customer, clear requirements
Specification
EA Requirements for MT4 and MT5 EA (i want both mql4 and mql5)
1. Asset Selection:
I need the ability to select any trading asset (e.g., EURUSD, USDJPY, XAUUSD, etc.) for the EA to operate on.
2. Timeframe Selection:
The EA should allow me to choose the timeframe for trade entry (e.g., H4, H1, M30, etc.). It will use the closing candle of the selected timeframe for trade execution.
3. Trade Entry Rules:
- If a candle closes up (bullish), the EA should open a buy trade.
- Entry point: The high of the candle.
- Stop Loss: The low of the candle.
- If a candle closes down (bearish), the EA should open a sell trade.
- Entry point: The low of the candle.
- Stop Loss: The high of the candle.
- The EA will scan every new candle in the chosen timeframe and open trades accordingly.
Trade should happen for every candle in the timeframe i picked
4. Position Sizing:
The EA should calculate the correct position size based on a fixed amount I specify per trade (e.g., $30). This calculation should be applied to each trade it opens for every candle.
i.e once in a while i would give the EA an amount to trade, e.g $30, for each candle i want the EA to calculate the right lot size to use for each trade. there should be also a setting to use minimum lot size of 0.01 in case the amount of lot size to be traded is lower than 0.01
5. Risk-to-Reward Ratio:
I will input a desired risk-to-reward ratio (e.g., 4, 10, etc.). Based on this ratio, the EA should automatically calculate the Take Profit level as a multiple of the defined risk.
- For example, if I set a risk-to-reward ratio of 4, the Take Profit will be 4 times the distance of the Stop Loss.
all trades must have entry, stop loss and take profit
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