MT4 Expert Advisor for Volume Generation via Hedging (Rebate-Focused EA)

MT4 Expert Advisor for Volume Generation via Hedging (Rebate-Focused EA)

Project Goal:
To develop a fully automated MT4 Expert Advisor that generates high trading volume on XAU/USD (Gold) for the purpose of earning broker rebates — not trading profits. The EA must operate with minimal or zero market exposure using a hedging strategy that cycles simultaneous BUY and SELL positions safely and efficiently.

Key Requirements:

1. Hedging Logic:

   • Open and manage simultaneous BUY and SELL positions

   • Cycle through opening/closing trades to create consistent volume

   • Maintain near-zero net exposure at all times

2. Net-Zero Closure Logic (Break-Even Engine):

   • Ensure closed trades result in net-zero or positive outcome

   • E.g., if BUY closes at +$5.50, only close enough of SELL to match the loss of −$5.50 or better

3. Daily Profit-Based Trigger (Conditional Activation):

   • EA activates only if a user-defined daily profit (e.g., +50€) is reached

   • Deactivates if condition is no longer met

4. Time Filters:

   • Prevent trading during risky sessions like Sunday open, rollover (23:00–00:00), and Friday close

   • Inputs: StartHour, EndHour, FridayStopHour

5. News Filter:

   • Block new trades around high-impact economic news events (e.g., NFP, FOMC)

   • Integration with trusted calendar API (e.g., Forex Factory or broker feed)

   • Inputs: BlockBeforeNewsMinutes, BlockAfterNewsMinutes, Impact level, Currency filter

6. Risk Management:

   • Emergency stop for high spread, slippage, or drawdown

   • Real-time exposure monitoring

   • Position timeout controls and daily loss limits

7. User Interface (GUI):

   • Start/Stop controls

   • Real-time stats: spread, exposure, trade volume, rebate estimate, etc.

   • Input parameters: lot size, time filters, news filters, profit trigger, etc.

Platform: MT4 (MQL4)
Symbol Focus: XAU/USD
Spread Range: Works within ~25-point spread

Deliverables:

• Fully functional EA in .ex4 and source code (.mq4)

• User guide/documentation for inputs and usage

• Basic testing support to confirm functionality

• Optional: Compatibility consideration for later MT5 conversion