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Specification
Hello,
I am looking for a professional programmer to build an EA that can be able to take trades effectively in the correct direction with adequate indices that can help to predict the market move in advance. The EA will also be able to manage multiple trades to ensure that profits activated are closed before any major market reversals.
The EA will have a maximum of 3 price indices at the start, and then the decision of the market will be determined as a BUY or SELL.
Depending on the Timeframe (TF), The EA will use the last price setting of the Timeframe (ie Highest and Lowest prices) and compare to the 3 price indices at the installation.
BUY CONDITION- If Current TF HIGH price is higher than the Highest of the Start 3 prices, and Low is higher than the lowest of the 3 prices, then Market indices will be a BUY and EA can effectively take trades upwards towards the direction
SELL CONDITION- If Current TF LOW price is lower than the lowest of the Start 3 prices, and High is lower than the highest of the 3 prices, then Market indices will be a SELL and EA can effectively take trades downwards towards the direction.
NO TRADE CONDITION- If Highest price of the TF is lower than the Highest of the 3 price position, and Lowest Price of the TF is higher than the lowest 3 price positions, then the Market will be on a No trade condition and will await the next move.
EA will also consider using the EXTREME Prices after installation to determine market trend and also confirm a reversal bids if required. So if the market is a BUY and the HIGHEST Price upwards has been reached after a certain time (set up as a variable in hours), then the EA will look forward to taking reversal bids around the extremes, ie SELL from the Top/ Highest Price, or BUY from the bottom position/Lowest price.
The EA will be such that can take and close bids within microseconds if market direction changes.
If price at a side (HIGHEST/LOWEST) becomes static, then the SL price for existing trades will be managed using the position until the SL goes to a profit level.
EA should be designed to work on any product.
All variables will be shown on screen as follows: Starting maximum 3 prices, last TF High and Low,Maximum Highest and Lowest after installation, Time of achieving maximum and minimum prices, Decision Action (BUY/SELL/NO ACTION )
INPUTS/ VARIABLES
1.Maximum 3 starting prices. Minimum of 1 and maximum of 3.
2.Manual TP and SL. Ratio of SL to TP can also be added.
3.STARTING DECISION (if Any) Can be Nil, BUY or SELL. If BUY, it means market has been established to rise. So EA identifies SELL Entry below the lowest of the 3 prices, and goes upwards to above the maximum of the 3 prices as prices goes higher and lowest price of TF goes above the 3 prices. Vice versa for SELL.
4. Lot sizes of trades
5. maximum number of existing trades
6 All variables should be defined in real time prices and not pips.
EXAMPLE.
PRICE VARIABLES WILL BE DETERMINED AS SHOWN BELOW.
AUDJPY. 3 prices can be selected from column A and B. So say 111.5,109.9, and 112.3. If TF High is above 112.3 and Lowest TF price is above 109.9, then TAKE a Double trading BUY opportunity between 109.9 to 112.3. and simple trades of BUY above 112.3 to a risk level of previous highest TF. The same concept will apply to a SELL option. If Low of last TF is below the lowest of the 3 prices and highest of the TF is below the Highest of the 3 prices, then it will be a SELL option. Accordingly, For EURAUD, Double trading SELL opportunity between 1.669 to 1.657 and simple trades of SELL below 1.657 to a risk level of previous lowest TF.
A reversal move can also happen where a Current SELL will turn to a BUY. This will happen if for example in AUDJPY scenario, if the Highest price of the TF (Timeframe) falls below the current Highest position of 112.3, then the decision will revert to a SELL immediately. Also for EURAUD, if the lowest price of the TF goes above 1.657, then it will change to a BUY immediately.
So the EA must be able to read the market prices in real time and take decisions adequately and timely with good risk management.
Please note that only programmers with good understanding of the above concept should apply and also only immediately available traders.
Source codes will be submitted at the conclusion of the project.
EA will be tested continuously with a vps account before certifying the accuracy of the job in real time, and then an extra 6 weeks real time testing will be done to give a rating on the client which any issues would have been resolved by then.