Job finished
Execution time 22 days
Feedback from employee
Idiot waste my too much time. He don't know everything about mt5. He don't know how to use EA just wasting time. Never deal with this guy.. worst experience with this guy.
Specification
MQL5 Expert Advisor (EA) implementing a Supertrend-based trading strategy with ATR-based Stop Loss, 2x Take Profit, and an optional Trailing Stop Loss (TSL). The EA should support XAUUSD (Gold) trading, allow configurable timeframes, and be optimized for MetaTrader 5.
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🔹 Strategy Overview
✅ Main Indicator: Supertrend
✅ Entry Confirmation: Higher Timeframe (HTF) Supertrend must confirm the trend
✅ Stop Loss: ATR value at the time of entry
✅ Take Profit: SL × 2 (1:2 RR)
✅ Trailing Stop Loss (TSL): Optional, activated when in profit
✅ Trade Type: Buy and Sell
✅ Symbol: XAUUSD (Configurable)
✅ Timeframe: User-defined (Default: M15)
✅ HTF Confirmation: User-defined (Default: M5)
1️⃣ Supertrend Calculation (Current & HTF)
ATR-based Bands:
Upper Band: (High + Low) / 2 - ATR × Multiplier
Lower Band: (High + Low) / 2 + ATR × Multiplier
Trend Determination:
If price is above the lower band → Bullish Trend (Green Supertrend)
If price is below the upper band → Bearish Trend (Red Supertrend)
✅ Supertrend ATR Period: User-defined (Default: 7)
✅ Supertrend Multiplier: User-defined (Default: 2.0)
✅ Higher Timeframe (HTF): User-defined (Default: M5)
2️⃣ Entry Conditions (Buy & Sell Rules)
✅ Buy Trade (Long Entry)
A BUY order is placed when:
1. Supertrend flips from red to green (Bearish → Bullish) on the current timeframe.
2. Higher Timeframe (HTF) Supertrend is already GREEN (Confirming bullish trend).
✅ Sell Trade (Short Entry)
A SELL order is placed when:
1. Supertrend flips from green to red (Bullish → Bearish) on the current timeframe.
2. Higher Timeframe (HTF) Supertrend is already RED (Confirming bearish trend).
✅ HTF Confirmation ensures stronger trend signals.
3️⃣ Exit Conditions (ATR-Based Stop Loss & 2x TP)
✅ Stop Loss (SL):
The SL is set dynamically based on the ATR value at the time of entry.
For Buy Trades: SL = Entry Price - ATR Value
For Sell Trades: SL = Entry Price + ATR Value
✅ Take Profit (TP):
TP = SL × 2 (Risk-Reward Ratio of 1:2).
For Buy Trades: TP = Entry Price + (ATR × 2)
For Sell Trades: TP = Entry Price - (ATR × 2)
✅ Example:
If ATR = 50 pips, then:
SL = 50 pips
TP = 100 pips
4️⃣ Trailing Stop Loss (TSL) Option
✅ Optional Trailing Stop Loss (TSL) with Activation Threshold
TSL is activated when trade reaches X pips in profit (user-defined).
TSL distance is user-defined (e.g., 20 pips behind price).
TSL follows price until stop-out.
✅ Trailing Stop Example:
If TSL Activation = 50 pips, and TSL Distance = 20 pips:
Once price moves 50 pips in profit, TSL moves to 30 pips profit.
If price moves 70 pips in profit, TSL moves to 50 pips profit.
Trade closes when price reverses 20 pips.
5️⃣ Additional Features & Settings
✅ ATR Volatility Filter (Displayed Only)
The Average True Range (ATR) is plotted to analyze market volatility.
ATR Period: User-defined (Default: 7).
✅ Chart Display (Minimalist, No Supertrend Plot)
Trades are marked with arrows and labels:
BUY trades → Green Arrow + "BUY" Label
SELL trades → Red Arrow + "SELL" Label
Supertrend Line is NOT plotted on the chart (Only used internally).
✅ Symbol & Timeframe Selection
Default Symbol: XAUUSD (Can be changed in inputs).
Default Timeframe: M15 (Can be changed in inputs).
HTF Confirmation Timeframe: M5 (Configurable).
✅ Risk Management & Trade Control
One Trade Per Signal: No multiple positions at the same time.
Trade Closes When SL, TP, or TSL is Hit.
Option to Enable/Disable Alerts for Entry Signals.
6️⃣ Inputs / Parameters for MQL5
To make the EA configurable, provide the following user inputs:
7️⃣ Final Deliverables
🎯 A fully functional MQL5 Expert Advisor (EA) that follows the above rules
🎯 User-configurable parameters for flexibility
🎯 Efficient backtesting compatibility in MetaTrader 5
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📌 additional options
🔹 Can you implement this in MQL5 with proper risk management?
🔹 Would you suggest additional risk control mechanisms?
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Project information
Budget
50+ USD
Deadline
from 6 to 15 day(s)