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Specification
I would like to create an Expert Advisor (for MT5) for personal use to manage positions. The utilities will be inspired by the tool below: https://www.mql5.com/en/market/product/23415?source=Site+Market+MT5+Utility+Rating006#description I think the number of options will be smaller, but I am very interested in the following functionality: 1. The ability to read the last highest price (pick) for short positions – similarly, the ability to read the last lowest price (also pick) for long positions. Example: the price of gold broke the peak at 2500 and starts to drop to 2495. The robot knows that the last maximum price was 2500. 2. The ability to calculate potential Stop Loss calculated at a distance from the current market price to that peak value (pick) plus 5-10 points (definable). Example: When the robot is activated and indicates that I want to open a SHORT position, it immediately marks the line at 2500, which is the maximum pick plus 5-10 points (variable) above (data retrieved from settings), setting the SL line at 2505 or 2510. From this line, it calculates the potential loss, which can be defined in % (e.g., 1-2% of the account) or in amount (e.g., $100). 3. Automatic closure of 50% of the open position when TP1 = - SL. Example: I open a position of 50 lots on short. I risk an amount of $100. When the price moves in my direction and TP1 reaches an amount of $100, the robot automatically closes 50% of the position (the ability to define how much % the robot will close at this point). The remaining 50% of the position, which is 25 lots, is still in play, and I have the option to set TP2 and TP3. For instance: TP1=50%, TP2=50% TP3=100%. The most important thing is that the distance of TP1 is always the same as the distance to SL. 4. Trailing stop, maybe ATR. Please let me know if everything is clear. I would appreciate a quotation.
Responded
1
Rating
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21
10%
Arbitration
4
25%
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75%
Overdue
0
Free
2
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20
40%
Arbitration
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0%
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100%
Overdue
1
5%
Free
3
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102
23%
Arbitration
12
25%
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17%
Overdue
13
13%
Free
4
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5
20%
Arbitration
3
0%
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100%
Overdue
2
40%
Free
5
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490
75%
Arbitration
6
67%
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17%
Overdue
0
Free
Similar orders
Professional AI Automation Trading Bot for Forex & Crypto
500 - 1500 USD
Title Professional AI Automation Trading Bot for Forex & Crypto Solution Language Python (preferred) or MQL5 depending on integration requirements. Categories Expert Advisor (EA) for MetaTrader 5 Automated trading strategies AI/ML-based signal generation Risk management automation Required Skills Strong knowledge of MQL5/Python Experience with MetaTrader API integration Machine learning model deployment
Project information
Budget
30+ USD
Deadline
to 1 day(s)