Freelance service at MQL5.com: I need an experienced developer to create a Forex trading bot for (MT4) or TradeLocker that follows a breakout and reversal strategy with a win rate of 75-90%+.

Job finished

Execution time 20 days

Description

Specification

The bot should be optimized for both scalping and swing trading, transitioning positions based on momentum. It must incorporate strong risk management and adapt to various market conditions.

Responsibilities:

Develop and implement a trading bot in MQL4 (for MT4) and TradeLocker, using breakout and reversal patterns.
Integrate key indicators like RSI, MACD, and Volume Profile for confirmation.
Ensure the bot follows a structured trade management system, using a trailing stop loss based on newly formed resistance/support levels.
Implement a robust risk management framework:

Max Daily Loss: 3%
Risk Per Trade: 1%
Extra Positions: 0.5% each
Minimum Risk-to-Reward Ratio: 1:0.7

Optimize the bot for different market conditions, transitioning from scalp to swing trading when strong momentum is detected.
Conduct extensive backtesting and fine-tune the bot for optimal performance.
Perform final demo account testing before deployment.

Requirements:

Proven experience developing MQL4 and TradeLocker trading bots
Strong knowledge of breakout, momentum, and risk management strategies.
Experience with MetaTrader 4 (MT4) and TradeLocker backtesting.
Clear communication and willingness to provide post-delivery support.

Deliverables:

Fully functional and optimized trading bot for MT4 and TradeLocker.
Backtest results and performance metrics.
Documentation for bot setup, strategy logic, and usage.
Demo account performance review before final delivery.

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Project information

Budget

50 - 100 USD

Specification quality
Result check quality
Availability and communication skills