Trendfollower Pyramid

MQL5 Experts

Job finished

Execution time 1 day
Feedback from employee
Thank you again :)
Feedback from customer
Thank you for the excellent work. I learned a lot again.

Specification

Dear Sir or Madam,

!!!If you are not 100% sure you can do this, don't apply!!!
!!!Please no AI programmers who have no knowledge of trading and programming!!!

I am looking for highly experienced developers in the field of pyramiding to program an Expert Advisor for Metatrader 5 with the following specifications:


EA Name: Trendfollower_Pyramid

Asset: US500
Timeframe: 1h
Indicators: EMA slow (200), EMA fast (50) (adjustable), Volume
Position size: x% risk of the balance (adjustable)
Entry logic: If the price is above the 200 EMA and the 50 EMA is rising, and the volume of the previous candle is 30% (adjustable) higher than the previous one, open a BUY position. A maximum of one new series per day. Long only
Pyramiding: Buy every full hour starting at hour 4 (adjustable) with the same lot size as at the beginning if the trade is profitable. Maximum 100 positions (adjustable). Maximum margin utilization x% of the total (adjustable).
Stop loss: Swing low of the last 7 candles (adjustable).
Exit logic: Stop loss for one position,
for 2 positions x% (adjustable default 95) drawdown only from the profit of this series,
for 3 positions x% (adjustable default 90) drawdown only from the profit of this series,
for 4 positions x% (adjustable default 80) drawdown only from the profit of this series,
for 5 positions x% (adjustable default 50) drawdown only from the profit of this series,
from the 6th position x% (adjustable default 30) drawdown only from the profit of this series,
if the above criteria are not met, all positions are closed when the EMA 50 is pointing down.
Every series of two or more positions must necessarily close in profit (even if only a small one – it was in profit when the second position was opened)!!!
Always close all positions at the same time.


Display in the chart bottom left:


Profit of the series
SWAP of the series
Total profit of all trades with the same magic number

The EA should have an emergency stop if the equity falls below x% (adjustable). After that, no more trades should be opened until manually reinstalled.

Best regards

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Project information

Budget
100 - 150 USD
Deadline
to 14 day(s)