Specification
Custom MT5 Indicator & EA Development
Project Overview: Custom MT5 Indicator & EA Development
I am looking for an experienced MQL5 developer to create a custom indicator and EA for the MT5 platform. The system is primarily optimized for gold trading but should also be compatible with forex pairs, indices, and commodities.
Key Features Required:
Indicator & EA Functionalities:
- Multiple EMAs (5, 13, 50, 200, 800) with an option to hide them.
- Supply & Demand Zones toggle.
- Entry Conditions based on price action and zone behavior.
- Trade Continuation Rules using EMA confirmation.
- Take Profit & Stop Loss Management:
- TP based on 75% of the traveled distance between high and low.
- Dynamic trailing stop with adjustable values (2, 3, 5, 10, 25 pips or custom input).
- Option for tight stop loss settings.
- Additional Entry Logic:
- If price remains stuck in a zone, take additional trades within the range.
- If price does not break the high, wait for a touch, then enter a sell toward the midpoint.
- If price is below the midpoint, TP is adjusted to the low level (LL).
- Dynamic SL based on midpoint positioning.
- News Filter:
- ON/OFF option to disable trading on high-impact news days.
- Breakout Trade Activation:
- If price travels the full distance from LL to HH and a candle closes above HH, open a new trade.
- Implement trailing stop based on the previous candle low (for buys) or previous candle high (for sells).
- If the previous candle has a flat top (for sells) or flat bottom (for buys), use that as the trailing SL reference.
- Two Separate Versions:
- Indicator Only – for manual trading.
- Fully Automated EA – for trade execution.
Developer Requirements:
- Must have expertise in MQL5 for MT5 development.
- Experience with price action-based trading logic, trailing stops, and dynamic SL/TP strategies.
- Ability to optimize the EA for gold trading, while maintaining flexibility for other markets.
- Knowledge of supply & demand zones and multi-timeframe EMA analysis is a plus.
If you’re interested, DM me with:
- Your previous MQL5 projects related to EAs or indicators.
- Estimated time and cost for development.
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