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Specification
Looking for an mql5 EA developer to build a custom EA for MT5 based on several simple variables. It will be initially used on 5m EUR/USD, but needs to work with any currency/commodity/stock/crypto. Custom risk management will also need to be built into the EA. Exact variables will be discussed in detail once a developer is selected, but a basic overview of the EA variables is below.
Positions will be opened based on:
- Time window (>= 12:00 and <= 16:00 UTC).
- Trading volume of the current candlestick compared to the trading volume moving average.
- Change in candlestick price in relation to average true range indicator.
- Short term average true range indicator >= long term average true range indicator.
- Candlestick close is above or below multiple moving averages.
- Multiple moving averages and their positions in relation to each other.
- All variables will need to be editable so that the end user can modify them. Variables will not be hard coded.
Risk Management:
- Trailing stop distance based on a percentage of the average true range indicator.
- Risk per position is defined by a percentage of the account funds.
- Only a certain number of position can be opened at once.
- Maximum number of lots.
- When a position is closed, check the profit of all positions that were closed that day. If the closed profit of all previous positions from that day >= 5x the amount risked for one position, stop trading for that day. For example, if the EA is risking 0.25% of the account per trade (this is stored in a variable above) and all of the positions closed for that day have generated >=1.25% of the account, stop trading for that day.
- Variables will need to be editable so that the end user can modify them. Variables will not be hard coded.
Other Notes:
- During the demonstration step of this order process, the developer will attach the EX5 executable file to be checked by me.
- The developer is NOT ALLOWED to use parts of this development in other commercial projects or in their own products published in the Market.
- EA EX5 and source code to be delivered upon completion.