Specification
I need an mt4/MT5 Expert Advisor recreated with full source code (.mq5).
The EA uses a fast scalping + hedge logic with simple rules, mainly for XAUUSD trading.
I already have an EA file but without source code. I will provide a demo account login for the developer to observe how the original EA trades.
EA Logic (Step by Step)
1. Start Trade
• EA opens a Buy trade with lot size = user-defined starting lot (default 0.01).
• At the same time, it places a Sell Stop just a few pips below the Buy entry.
• The Sell Stop lot size = 3 × Buy lot size (example: Buy = 0.01 → Sell Stop = 0.03).
2. If Buy Quickly Makes Profit
• EA closes the Buy in small profit (profit value must be user input).
• The Sell Stop is deleted.
• EA restarts from Step 1 with a new Buy (starting lot again).
3. If Buy Goes into Loss (Sell Stop is Triggered)
• When the Sell Stop (0.03) is activated:
• EA automatically places a Buy Stop at the same level as the first Buy entry.
• The Buy Stop lot size = 3 × the last trade lot size (0.03 × 3 = 0.09).
4. If Market Ranges (Both Directions Triggered)
• Example:
• First Buy = 0.01
• Then Sell Stop = 0.03 (triggered)
• Then Buy Stop = 0.09 (triggered)
• EA allows multiple trades to remain open.
• EA treats them as one hedge basket.
5. Closing Logic
• No matter how many trades are open, as soon as the basket reaches small net profit (profit value must be user input):
• Close all trades.
• Delete all pending orders.
• Restart from Step 1.
Key Features
• User inputs:
• Starting lot size (default 0.01).
• Lot multiplier (default = 3).
• Basket profit target (default = small profit, e.g. 1–2 USD).
• Distance in pips between trades (default = few pips, e.g. 20).
• EA always maintains:
• One active trade + one pending hedge order.
• If both sides are triggered, EA keeps opening opposite stops with multiplied lots until basket closes in profit.
• Once basket closes in profit, all trades are closed, and cycle restarts.
• EA optimized mainly for XAUUSD (Gold) scalping.
Deliverables
• Expert Advisor in mt4/MT5 ( source code).
• Must function exactly as described above.
• Clean, well-commented code for future editing.
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