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How to Order a Trading Robot in MQL5 and MQL4
See a sample Requirements Specification to order a robot
New orders in the category:
30+ USD
30 - 65 USD
30+ USD
200 - 500 USD
50+ USD
Specification
Here's a detailed description of an Expert Advisor (EA) based on a candlestick-dependent strategy:
Strategy Overview
The EA will implement a trading strategy based on candlestick patterns, opening trades when a bullish candle is detected and avoiding trades when a bearish candle is detected.
Key Features
1. *Candlestick Pattern Identification*: The EA will identify bullish and bearish candles based on their open and close prices.
2. *Trade Entry*: The EA will open a trade when a bullish candle is detected.
3. *No Trade Entry*: The EA will not open a trade when a bearish candle is detected.
4. *Risk Management*: The EA will implement risk management techniques, such as stop-loss and take-profit levels.
Requirements
1. *Programming Language*: MQL5 (MetaQuotes Language 5) for use on the MetaTrader 5 platform.
2. *Candlestick Analysis*: The EA will analyze candlestick patterns to determine trade entries.
Technical Specifications
1. *Candlestick Pattern Identification Algorithm*: The EA will use a custom algorithm to identify bullish and bearish candles based on their open and close prices.
2. *Trade Entry Logic*: The EA will use specific logic to enter trades when a bullish candle is detected.
3. *Risk Management*: The EA will implement robust risk management techniques, such as stop-loss and take-profit levels.
Parameters and Settings
The EA will have adjustable parameters and settings, including:
1. *Candlestick Pattern Parameters*: Adjustable parameters for identifying bullish and bearish candles, such as:
- Candle body size
- Wick size
2. *Trade Entry Parameters*: Adjustable parameters for entering trades, such as:
- Trade entry criteria
- Position sizing
3. *Risk Management Parameters*: Adjustable parameters for managing risk, such as:
- Stop-loss level
- Take-profit level
Development Requirements
To develop this EA, the developer should have:
1. *MQL5 programming skills*: Proficiency in MQL5 programming language and MetaTrader 5 platform.
2. *Candlestick analysis skills*: Understanding of candlestick patterns and their interpretation.
3. *Trading knowledge*: Understanding of trading principles and risk management techniques.
Additional Considerations
1. *Time Frame*: The EA can be designed to work on any time frame, from minutes to hours or days.
2. *Currency Pair*: The EA can be designed to work on any currency pair, but it's essential to test and optimize it for specific pairs.
3. *Market Conditions*: The EA should be designed to adapt to different market conditions, such as trending or ranging markets.
Strategy Overview
The EA will implement a trading strategy based on candlestick patterns, opening trades when a bullish candle is detected and avoiding trades when a bearish candle is detected.
Key Features
1. *Candlestick Pattern Identification*: The EA will identify bullish and bearish candles based on their open and close prices.
2. *Trade Entry*: The EA will open a trade when a bullish candle is detected.
3. *No Trade Entry*: The EA will not open a trade when a bearish candle is detected.
4. *Risk Management*: The EA will implement risk management techniques, such as stop-loss and take-profit levels.
Requirements
1. *Programming Language*: MQL5 (MetaQuotes Language 5) for use on the MetaTrader 5 platform.
2. *Candlestick Analysis*: The EA will analyze candlestick patterns to determine trade entries.
Technical Specifications
1. *Candlestick Pattern Identification Algorithm*: The EA will use a custom algorithm to identify bullish and bearish candles based on their open and close prices.
2. *Trade Entry Logic*: The EA will use specific logic to enter trades when a bullish candle is detected.
3. *Risk Management*: The EA will implement robust risk management techniques, such as stop-loss and take-profit levels.
Parameters and Settings
The EA will have adjustable parameters and settings, including:
1. *Candlestick Pattern Parameters*: Adjustable parameters for identifying bullish and bearish candles, such as:
- Candle body size
- Wick size
2. *Trade Entry Parameters*: Adjustable parameters for entering trades, such as:
- Trade entry criteria
- Position sizing
3. *Risk Management Parameters*: Adjustable parameters for managing risk, such as:
- Stop-loss level
- Take-profit level
Development Requirements
To develop this EA, the developer should have:
1. *MQL5 programming skills*: Proficiency in MQL5 programming language and MetaTrader 5 platform.
2. *Candlestick analysis skills*: Understanding of candlestick patterns and their interpretation.
3. *Trading knowledge*: Understanding of trading principles and risk management techniques.
Additional Considerations
1. *Time Frame*: The EA can be designed to work on any time frame, from minutes to hours or days.
2. *Currency Pair*: The EA can be designed to work on any currency pair, but it's essential to test and optimize it for specific pairs.
3. *Market Conditions*: The EA should be designed to adapt to different market conditions, such as trending or ranging markets.
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Project information
Budget
30+ USD
Deadline
from 1 to 5 day(s)
Customer
Placed orders4
Arbitrage count0