Job finished

Execution time 9 days
Feedback from employee
Thank you for your order! I’ll be happy to work with you again in the future!
Feedback from customer
Apart from initial communication issues and agreed deadline not being met, the developer delivered and was very communicative at the end.

Specification

I would like to have an MT5 EA created urgently. Code should be clean and well sophisticated with great post implementation support for at least 1 month.



📌 RSI Following Forex Trading Strategy – EA Specification

Entry Rules

  • Buy Entry:
    When RSI ≤ 5 and the candle closes → Open Buy trade.
  • Sell Entry:
    When RSI ≥ 95 and the candle closes → Open Sell trade.
  • RSI Length:
    Must be a user-modifiable field (default: 14).
  • Applied Timeframe:
    EA must allow user to select which chart timeframe to use for RSI calculations and trade decisions (e.g., M5, M15, H1).

Trade Management

  • Number of Open Trades:
    • Option 1 → Only 1 trade open at a time.
    • Option 2 → Allow multiple trades at the same time.
    • User must be able to toggle this setting.

Trend Filter

  • Optional filter to restrict trades based on overall trend:
    • Uptrend only → allow Buy trades only.
    • Downtrend only → allow Sell trades only.
    • Disabled → both Buy & Sell allowed.
  • Trend detection method (e.g., Moving Average, EMA, etc.) should be selectable by user.

Market Condition Filter

  • Add a second filter to detect sideways vs trending markets.
  • If sideways filter is active → no trades allowed.
  • If trending market detected → trades allowed.
  • Indicator type (e.g., ADX, Bollinger Band squeeze, custom) should be user-selectable.

Time Filter

  • User must be able to define allowed trading hours (e.g., 08:00–17:00).
  • Time filter ON → EA trades only during selected hours.
  • Time filter OFF → EA trades anytime.

Risk Management

  • Stop Loss (SL):
    • User-defined in points/pips.
    • Option to set SL by another indicator level (e.g., swing high/low).
  • Take Profit (TP):
    • User-defined in points/pips.
    • Option to set TP by another indicator level (e.g., opposite RSI condition).
  • Both SL and TP fields must be fully modifiable.

Other Requirements

  • EA must execute trades only at candle close (no intrabar trading).
  • All fields must be fully accessible in EA inputs/settings:
    • RSI length
    • RSI entry levels (default: 5 / 95)
    • Chart timeframe for RSI calculations
    • Max trades (1 or multiple)
    • Trend filter (on/off + method selection)
    • Sideways/trend filter (on/off + method selection)
    • Time filter (on/off + session times)
    • SL (points or indicator-based)
    • TP (points or indicator-based)

 


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Project information

Budget
30 - 50 USD
Deadline
to 2 day(s)