MT5 Expert Advisor – XAUUSD open range breakout

Job finished

Execution time 3 days
Feedback from employee
Great client to work with. Clear requirements, constructive feedback and professional communication throughout. Would be happy to work together again.
Feedback from customer
Overall great experience dealing with Syed. This is my first time using mql5 and couldn't have asked for a better developer.

Specification

MT5 Expert Advisor – XAUUSD Opening Range Breakout

I am looking for an experienced MQL5 developer to build a robust MT5 Expert Advisor.

STRATEGY DETAILS
• Instrument: XAUUSD
• Timeframe: M30
• Broker: Pepperstone (Spread Betting)
• Trading days: Monday–Friday only

OPENING RANGE
• Opening range candle: 07:00 – 07:30 UK time
• EA must automatically convert UK time to broker server time
• Record OR High and OR Low from this candle

ENTRY LOGIC
• Wait for a candle to close outside the OR range (breakout candle)
• Entry is taken at the close of the SECOND candle after the breakout
• Buy if breakout above OR High
• Sell if breakout below OR Low
• One trade per day maximum

RISK MANAGEMENT
• Fixed risk: $1 per pip
• Position size equivalent to 0.10 lot on XAUUSD
• Take Profit: 70 pips ($7) from confirmation candle close
• Stop Loss:
   - Buy: OR Low
   - Sell: OR High

REQUIREMENTS
• MT5 EA written in clean, well-commented MQL5
• Must support Pepperstone symbol naming
• One trade per day enforced
• No repainting logic
• Backtest report for last 12 months
• At least one round of revisions included

DELIVERABLES
• .mq5 source code
• Compiled .ex5 file
• Backtest report (HTML)
• Installation and usage instructions

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Project information

Budget
200 - 800 USD
Deadline
from 4 to 15 day(s)