Build this Expert Advisor (EA) BUY&SELL AUTOMATED OPEN %CLOSES WORKS ON VPS

Specification

Build this Expert Advisor (EA) 

1. Risk Management

  • Risk per Trade: The EA will calculate the lot size based on the risk percentage (1-2% of the account balance). This will be a customizable input.
  • Stop Loss & Trailing Stop: The EA will place a stop loss at a defined level (based on strategy parameters like ATR, recent support/resistance, etc.) and will implement a trailing stop to lock in profits as the trade moves in your favor.
  • Take Profit (TP): Trades will have a TP level set based on predefined parameters. The EA will automatically close trades when the TP is reached.

2. Strategy Selection

  • Trend Following:
    • Indicators: The EA will use Moving Averages (MA), MACD, or ADX to identify trends.
    • Entry/Exit: Trades will be opened in the direction of the trend, with customizable settings for MA periods, MACD settings, and ADX thresholds.
  • Mean Reversion:
    • Indicators: Bollinger Bands and RSI will be used to identify overbought or oversold conditions.
    • Entry/Exit: Trades will be opened when the price deviates significantly from the mean, with customizable settings for Bollinger Bands and RSI levels.
  • Breakout Strategy:
    • Price Patterns: The EA will monitor for consolidation patterns (e.g., triangles, flags) and enter trades when a breakout occurs.
    • Momentum: The EA will ensure strong momentum is present by using volume or volatility filters.
  • Customizable Inputs: All indicator settings, risk management parameters, and strategy preferences will be customizable via input variables.

3. Diversification

  • Multiple Currency Pairs: The EA will support trading multiple currency pairs simultaneously. You can input the pairs you want to trade.
  • Uncorrelated Assets: The EA can also be configured to trade assets like gold or indices.
  • Risk Management Across Pairs: The EA will include logic to avoid overexposure to a single currency or region.

4. News Trading

  • News Filter: The EA will integrate with Forex Factory or other major news sites to automatically pause trading 30 minutes before major news releases and resume trading 30 minutes after.
  • Customizable Variables: You can set the sensitivity of the news filter, choosing which types of news events (e.g., high impact, medium impact) should trigger a trading pause.
  • User Guide: Provide a user guide, explaining how to configure the EA, adjust input variables, to enable to use ea effectively.

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Project information

Budget
200+ USD
Deadline
from 1 to 90 day(s)