EA trend following buy sell signal based

Specification

Good day,

I hope this message finds you well. I would like to request the development of an Expert Advisor (EA) for MetaTrader, based on two specific indicators: the Trend Path indicator and the Diamond Reversal indicator. Below are the details for the EA's logic and trade execution criteria:

Sell Trade Criteria:

  1. Indicators and Signals:

    • Trend Path Indicator: Shows a red trend.
    • Diamond Reversal Indicator: Provides a sell signal.
    • Price Position: The price must be outside the upper bands of the Trend Path indicator.
  2. Trade Execution:

    • Entry: A sell trade should be entered when all the above conditions are met.
    • Stop Loss: Set the stop loss above the high of the signal bar (the bar where the sell signal was generated).
    • Take Profit: The take profit should be set at 3 times the size of the stop loss.

Buy Trade Criteria:

  1. Indicators and Signals:

    • Trend Path Indicator: Shows a blue trend.
    • Diamond Reversal Indicator: Provides a buy signal.
    • Price Position: The price must be outside the lower bands of the Trend Path indicator.
  2. Trade Execution:

    • Entry: A buy trade should be entered when all the above conditions are met.
    • Stop Loss: Set the stop loss below the low of the signal bar (the bar where the buy signal was generated).
    • Take Profit: The take profit should be set at 3 times the size of the stop loss.

Additional Features:

  1. Martingale Function:

    • A Martingale function must be implemented to double the trade size following a loss. If the trade results in a loss, the EA should automatically double the lot size for the next trade.
    • Additionally, there should be an option to enable or disable the Martingale function and set the maximum number of Martingale steps.
  2. Starting Lot Size:

    • Include a function that allows the user to change the starting lot size of trades. This will provide flexibility to adjust the initial risk per trade.
  3. Risk Management:

    • Please include options for risk management, such as position sizing based on a percentage of account balance or a fixed lot size.
  4. Customization:

    • The EA should allow customization of the parameters for both the Trend Path and Diamond Reversal indicators, including periods, levels, and any other relevant settings.
  5. Compatibility:

    • The EA should be compatible with the MetaTrader 4/5 platform (please specify which one you will be using).

Please let me know if you require any additional information or have any questions about the requirements. I am looking forward to working with you to create this EA.

Thank you for your assistance!

Best regards,

Dennis


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Project information

Budget
30 - 1000 USD
Deadline
to 5 day(s)