Forex trading bot for (MT4) or TradeLocker that follows a breakout and reversal strategy

Specification

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
Deadline
to 3 day(s)