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Rules
Job finished
Specification
Hi there my name is Frank Robertson.
I have 5 years trading experience and have hired devs before . I know that communication is very important for this to be a
good reltionshoip between us. You must have fluent English and be able to zoom and anaylize my charts to build this EA. You must have trading knowledge yourself so when i speak you know what I am talking about .
I currently Trade XAUUSD on the 15 minute time frame. The fair value gaps are printed in mt5 by a free indicator thats already on the market “ Fair Value Gaps “
we could use that source code as a start or a reference . There’s also a better and faster indicator on trading view that prints the gaps way faster so maybe we could transcribe the pine script into mql5 using chat gpt to see why its faster. But ..
Any ways... This is what the EA needs to do
1. Print bullish and bearish FVG gaps instantly as they appear . coulor coded green for bullish Red for bearish.
2. An option to only trade bullish or bearish FVGs
2. an option for what time that trades will be places and on what time frame
3. An option for percentage risk per trade and Risk to reward ratio.
4. Partial TP option ex 90% button is ok . or after % amount of take profit is reached ex ( halfway 50% )
5. SL to BE after % amount of take profit is reached
6. Trailing Stop
7. be able to set how many trades it takes per session and If 2-4 loss trades in a row to stop EA until next session ( time set in bot ) ex 2-10 pm
EXECUTING TRADES
1. Market execution scenario
BUY >>> a bullish fair value gap is created and the second or first candle body must close above the top of the FVG or idealy we “ wicking off “ which is true price action
Th EA then places a 1:2 or 1:3 risk to reward with the SL 3-9 pips bellow the bottom of the FVG.
The trade risks 1% or how ever much is desired of total balance of account and auto calculates the lot size based on where the SL is placed.
. PendingOrder ( BUY LIMIT ) >>> once price is 30-60 pips (adjustable) away from the last FVG a buy limit is created 3-5 pips ( adjustable ) above the top of last FVG and SL placed 3-9
( adjustable ) pips below with a 1:2 ,1:3 Risk to reward ( adjustable )
SELL ( Same as above but opposite )
This is essentially how I trade I will take a screen shot with my wins from last week on trading view with the trades i placed on XAUUSD on 15 min so it can help you build this EA to the best possibille ability.
you must have the ability to toggle Auto “ Pending order “ on/off .
You must have ecperince with building EA’s and be a developer than can give me high quality ests with minimil bugs.
A Panel GUI would be nice and helpful for all the options if you are confident about building one that doesn’t bug out all the time.
but is not necessary at the start.
when backtesting the FVGs must be printed so I can see how it is performing. I have extensive knowledge of backtesting so keep that in mind J
Hope to meet my next rockstar developer
