An Expert Advisor is needed based on the London Breakout Strategy

MQL5 Experts

Job finished

Execution time 12 days
Feedback from employee
Thanks for the project. Looking forward to the next one!

Specification


This robot will trade on two different pairs, with the same settings. However, there must be mechanism for me to modify the conditions for each pair.


    1. Risk Per Trade : 1 or 0.5 % (customizable)

    2. Max Loss Limits: 8 % (customizable)

    3. Leverage: 1:100 (customizable)

    4. Daily Loss Caps: 2 % (customizable)

    5. Max Open Trades: 2 (customizable)

    6. Time Frame: 5 Minute

    7. Pair: EUR/USD + GBP/USD

    8. Mandatory Close: 30 Minute before New York open (Time range be customizable)

    9. Platform: MT5

    10. Organized Code: Split logic (signals, risk, orders) into blocks.

    11. Handle Errors: Plan for internet drops, broker errors, timeouts.

    12. Speed: Code efficiently.

    13. Clear Code: Comment and structure for easy fixes later.

    14. Track Trades: Correctly open/close/modify orders.


Strategy Rules

Step 1: Identify Tokyo range (Range time should be customizable) (Range should be visible in chart)


Tokyo _HIGH = Highest price of this period

Tokyo _LOW = Lowest price of this period


Requirement: Range must be 25-40 pips ( PIP Range should be customizable)


Step 2: London Breakout Trigger

Entry Condition:

if price > Tokyo _HIGH + 5 pip: enter_long

if price < Tokyo_LOW - 5 pip: enter_short


(This 5 PIP Breakout trigger should be customizable)


Confirmation Filters:

- Volume ≥ 2x Tokyo session average (Volume should be customizable)

- 5-min candle closes beyond range (implement ON/OFF Button)

- No major news in next 30 Minute or 1 hours (News time should be customizable)


Exit Rules 1:

ATR based Stop Loss

ATR based trailing stop

(ATR range should be customizable)

(Implement ON/OFF Button)


Exit Rules 2:

ATR based Stop Loss

Partial Close: 50% at 10 PIP (PIP should be customizable)

Trail Remainder: ATR Based trailing stop

(Implement ON/OFF Button)


- Mandatory Close: 30 Minute before New York session open (Time range be customizable)



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Project information

Budget
30 - 100 USD
Deadline
to 10 day(s)