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
VAT (27%): 8.1 - 13.5 USD
Total: 38 - 63.5 USD
For the developer
27 - 45 USD
Deadline
to 2 day(s)

Customer

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