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Specification
Hello! I am looking for a developer for this EA project—and hopefully many more in the future. Pricing is negotiable, teamwork and good communication are key.
I am not a professional trader or developer, so my ability to describe certain concepts may occasionally be imprecise. I’m seeking someone who is quick to grasp unfamiliar ideas and willing to tackle complex or non-standard tasks. Asking questions proactively once something is unclear will be necessary.
Since I primarily backtest on index CFDs, it's important that you have access to these instruments as well.
The current EA code was primarily generated using AI tools. It is mostly functional but still contains difficult to fix flaws. The architecture needs improvement for reliability, maintainability, and future expansion.
I’m looking for a developer who can take over as the technical architect—refactoring the current code into a cleaner, more structured version that can serve as a foundation for future strategies and extensions.
Please reach out and make an offer in case you have read the specifications and feel like you have the expertise and skill to successfully realize this and future projects.
Cheers, Nick
Basic Technical Requirements:
- Solid experience in MQL5 and structured coding practices
- Ability to interpret and extend existing code reliably
- Understanding of candlestick logic and price action basics
- Access to backtesting environments for index CFDs
Working Approach:
- This project will evolve; code quality and modular design are more important than quick delivery.
- I’m looking for someone open to iterative refinement and technical suggestions.
Initial Deliverable Scope:
- A cleaned-up and modularized version of the current EA logic
- Same behavior as now but better structured and maintainable
- Future expansions once everything works up to this point
Strategy Logic (Current Implementation Overview):
The EA is a pattern-based, buy-limit breakout strategy that reacts to short-term bullish formations on the chart. Only one position / order can be active at a time. The basic concept is:
1. Pattern Detection: Two pattern types are implemented:
o 3 consecutive bullish candles with closing strength ("bull_3_closeup")
o 3 out of 4 candles being bullish ("3_of_4_bullish")
2. Activation Filter:
o The current close must be at least a user-defined percentage above the open of the earliest pattern candle.
o Optionally, the latest candle's close must lie in the upper X% of its range.
3. Entry Mechanism:
o If activation conditions are met, a Buy Limit is placed below the current price.
o The entry level is computed using a weighted lower shadow model of the last three candles, adjusted by a dynamic buffer.
4. Take Profit Calculation:
o Similar logic is applied to calculate a dynamic TP based on upper shadows of recent candles.
5. Buffer Adjustment:
o If the Buy Limit doesn't get filled in the following candle, the entry buffer is incrementally increased.
o If price comes close to TP but fails, the TP buffer is increased for the next trade.
6. Trade Lock Logic:
o To prevent overtrading, the system can lock until the next candle after a position is closed or a sell deal occurs.
7. Time Filter:
o Trades are only considered within a configurable intraday time window.