Specification
We are seeking an experienced MQL5 developer to build the Guardian EA, a focused circuit-breaker module for MetaTrader 5.
Objective
Protect capital during adverse moves by temporarily exiting positions at a defined drawdown threshold, while virtually tracking those positions as open. Re-establish the positions only when market conditions stabilize (via ADX) and drawdown recovers to a lower threshold. The goal is full drawdown recovery plus potential profit on re-entry, rather than permanent loss realization. Activation is strictly limited per position set to prevent repeated cycling.
Core Functionality Required
• Real-time drawdown monitoring at account or strategy level.
• Configurable trigger threshold (e.g., 2.7% DD) that closes all related open positions.
• Virtual position tracking: closed trades continue to be tracked internally as if still open for accurate ongoing drawdown and P/L calculation.
• Re-entry logic: monitor ADX for stabilization; automatically re-open the exact positions (same size, direction) only when drawdown falls to a lower configurable recovery level (e.g., 2.2%).
• Hard cap on cycles: maximum 2 activations per unique position/strategy set. After the limit, positions remain closed and no further re-entries occur on that exposure.
• Full input configurability for all thresholds, ADX settings (period, level), cycle limit, and symbol/strategy filters.
• Comprehensive logging of every trigger, virtual state change, re-establishment, and cycle count.
Technical Requirements
• Pure MQL5 for MetaTrader 5 (build 4000+).
• Clean, efficient, well-commented code with robust error handling.
• Full compatibility with Strategy Tester (backtesting and optimization).
• Minimal resource usage and reliable operation on live accounts.
Deliverables
• Complete .mq5 source code and compiled .ex5.
• Concise user manual with parameter explanations and example settings.
• Recommended presets for the circuit-breaker logic.
Timeline: 3–7 days.
Engagement: Milestone-based with clear deliverables.
Submit a brief proposal highlighting relevant MQL5 risk-management or drawdown-control experience, along with your availability. Include “Guardian EA” in the subject line.
Experience with using Claude Opus is preferable.
If you have already coded a similar EA than include the details and and relevant links. Details on other EAs that you have coded is appreciated, as well. Thanks!
We value precise, reliable code that aligns with disciplined capital protection.
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Project information
Budget
220+ USD
Deadline
from 3 to 8 day(s)
Customer
Placed orders3
Arbitrage count0