Specification
Key Features of the EA:
-
Chart Setup:
- 1-minute timeframe with Heiken Ashi candles.
- Double smoothing for Heiken Ashi candles:
-
Entry Logic:
- Start with an initial trade size of 0.2 lots.
- Enter trades when a Heiken Ashi candle closes in the trend direction and breaks a trend line.
- Re-entry: After stop loss is hit, re-enter based on the next confirmed trend direction and breakout.
-
Stop Loss (SL):
- The stop loss should be placed at the last swing close in the opposite trend direction.
- Implement a dynamic stop loss
- Break-even: Once the trade reaches a 1:1 risk-to-reward ratio, move the stop loss to break-even to protect from reversals.
-
Take Profit (TP) and Trailing Stop:
- Use a trailing stop that moves as the market moves in your favor to lock in profits.
-
Lot Size Recovery After Loss:
- If a trade results in a loss, increase the lot size for the next trade by 0.1 lots.
- Example:
- First trade (Loss): 0.2 lots → Next trade: 0.3 lots
- Second trade (Loss): 0.3 lots → Next trade: 0.4 lots
- Once a profit is made, covering all prior losses, the lot size should return to the original size (0.2 lots).
-
Risk Management:
- Dynamic position sizing based on 1-2% risk per trade, considering the distance to the stop loss.
- Set maximum slippage to 1-2 pips to ensure accurate execution.
- Break-even protection should be activated once the trade reaches a 1:1 risk-to-reward ratio.
-
Requirements:
- Expertise in MetaTrader 4/5 and MQL4/MQL5.
- Proven experience in developing high-frequency trading strategies, especially for lower timeframes like the 1-minute chart.
- Knowledge of lot size recovery, dynamic stop loss, and trailing stop loss techniques.
- Ability to create an optimized EA that can adjust to various market conditions while ensuring strong risk management.
Deliverables:
- Fully functional EA with the specified features.
- Source code of the EA for further modification and optimization.
- Backtesting results showing the EA’s performance across different market conditions, particularly focusing on the 1-minute timeframe.
- User manual with installation and configuration instructions for the EA.
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