EA Development Request - Breakout Trading Strategy with Dashboard

Job finished

Execution time 88 days

Specification

Objective: Develop a fully functional Expert Advisor (EA) based on the breakout trading strategy outlined below. The EA should be capable of placing a single trade per breakout per day, following strict entry and exit rules, and displaying a performance dashboard with key account metrics.

Key Trading Strategy Requirements:

  1. Single Entry Per Breakout:

    • The EA must ensure that only one entry is placed per breakout event each day.

    • If a breakout occurs at the top (above a specific price level), the EA will execute a buy trade.

    • If a breakout occurs at the bottom (below a specific price level), the EA will execute a sell trade.

  2. Handling TP Hits and Breakout Reversals:

    • After a top breakout and a successful TP hit, if the price comes back inside the breakout zone (the previous range), no further buy entry should be placed, even if the price breaks the top again.

    • If the price breaks out to the top, hits the TP, and then reverses and breaks the bottom, the EA should execute a sell order.

    • Only one entry (either buy or sell) is allowed per breakout per day, regardless of whether the price retraces or breaks the same level again.

  3. Entry Timing:

    • The EA should place an entry only after the current candlestick on the chart has closed (on the current TF).

    • The entry should be placed at the opening price of the next candlestick after the current one closes, if the breakout condition is met.

    • For example, if the breakout happens at the top, and the current candlestick closes, the EA will place a buy order at the opening price of the next candlestick.

  4. TP and SL:

    • The EA should be configured to allow a take-profit (TP) and stop-loss (SL) to be set based on specific parameters (such as ATR, fixed pip distance, etc.). These parameters should be adjustable.

  5. Performance & Accuracy:

    • The EA must be fully functional, with proper risk management (including handling market gaps and slippage).

    • The EA must be able to run in real-time trading conditions without errors or performance issues, such as placing trades too early or too late after breakout events.

Dashboard Requirements:

A performance dashboard should be integrated into the EA to display key account metrics in real-time. The dashboard should update continuously with the following data:

  • Equity: Current account equity (including open trade values).

  • Daily Profit: Total profit or loss made today (since the beginning of the current trading day).

  • Weekly Profit: Total profit or loss made this week (since the start of the current week).

  • Monthly Profit: Total profit or loss made this month (since the start of the current month).

  • Account Growth (%): Percentage change in account equity since the account was opened or the last reset.

  • Total Drawdown: The total drawdown from the highest account equity point (calculated as a percentage).

The dashboard should be clearly visible on the chart, ideally in a non-intrusive corner, with the option to customize the font size and color. The information should be updated in real-time and displayed in an easy-to-read format.

Additional Notes:

  • Timeframe Compatibility: The EA should be optimized for use on M5 (5-minute) timeframe charts, but should also allow flexibility for use on other timeframes if needed.

  • Risk Management: The EA should incorporate proper risk management features, such as adjustable lot sizes, risk-to-reward ratio, and maximum drawdown limits.

  • Trade Execution: Ensure the EA places trades accurately and promptly after breakouts, considering factors like market slippage and spread.

  • No More Than One Entry Per Breakout: Ensure that the EA does not place multiple entries for the same breakout event on the same day.

Full requirement will be posted once you are selected. Already in one document with picture.

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