MQL5 Developer Needed to Build Multi-Timeframe Forex Scalping Algorithm with Risk Management

Job finished

Execution time 12 days

Specification

Project Overview:

I am looking for an experienced MQL5 programmer to develop a scalping-based forex algorithm for MetaTrader 5. The strategy uses multi-timeframe EMA crossovers and is designed around psychological trading behavior, such as trend-following and belief-driven indicators.

This system must include fully adjustable parameters for timeframes, EMAs, ATR-based risk management, slope filters, breakeven settings, and trailing stops.

Core Strategy Logic:

🔹 Trade Entry Conditions

  • Entry triggered by EMA crossover on the 5-minute chart

  • Confirmation required from:

    • 15-minute chart EMA crossover in the same direction

    • Daily chart EMA crossover in the same direction

  • All three must align before trade is placed

  • Timeframes and EMA lengths should be fully user-adjustable

Technical Inputs & Configurations

🔸 EMA Settings (Per Timeframe, 3 timeframes used)

  • Fast EMA

  • Slow EMA

  • Timeframe input (5M, 15M, 1D — fully customizable)

  • Trade placed on lowest timeframe

🔸 Slope Threshold Filter

  • Enable Slope Threshold? (Y/N) per timeframe

  • If YES: define Slope Threshold Level (e.g., 0.0003 for 5M, etc.)

  • Slope = (Current EMA – EMA N bars ago) / N

Risk Management (Per Trade - four trades in total)

ATR-Based Take Profit & Stop Loss (if selected the ATR sets both the S/L and T/P level)

  • ATR Sets Levels? (Y/N)

    • ATR Period

    • ATR Multiplier

    • Equity % Risk input

ATR as Stop Loss Only? (Y/N)

  • If YES:

    • SL = ATR * multiplier

    • TP can be based on either:

      • Equity %

      • Fixed pips

  • If NO:

    • TP and SL both configurable as:

      • Equity %

      • Fixed pips

Trailing Stop Options

  • Enable Trailing Stop? (Y/N)

    • Start trailing at:

      • ATR level OR

      • Fixed pip distance

    • Define trailing stop distance (pips)

Breakeven Settings (Per Trade)

  • Enable Breakeven? (Y/N)

    • Move SL to breakeven when:

      • Trade is X pips in profit (user-defined)

    • Optional: add buffer (e.g., +2 pips above entry)

Global Trade Exit Rule

  • All trades should close immediately if the 15-minute EMA crosses in the opposite direction of the open position.

Trade Capacity

  • Allow up to 4 simultaneous trades

  • Trades can have independent risk management settings

Ideal Candidate:

  • Experience coding complex multi-timeframe systems

  • Strong grasp of EMA logic, ATR, pip-based risk, and position management

  • Familiar with breakeven and trailing stop architecture in MQL5

  • Ability to deliver clean, well-documented code



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Project information

Budget
39+ USD