Job finished
Execution time 40 days
Feedback from customer
Great cooperation and professional communication. He was helpful and supportive throughout the project. Thank you for your work.
Specification
“}
Final Trading Logic Requirements
1. Confirmation Timeframe
The main confirmation timeframe must be M15.
The indicator may show a Pending Setup during the active 15-minute candle, but the setup is not valid for entry yet.
A valid trading signal must be confirmed only after the M15 candle closes.
If the setup appears during the candle but disappears in the final seconds before candle close, no confirmed signal should be generated.
2. Pending vs Confirmed Signal
Pending Setup:
* Can appear during the active M15 candle.
* Can change, move, disappear, or switch direction while the candle is still open.
* No alert should be triggered.
* No entry should be considered.
Confirmed Signal:
* Appears only after the M15 candle closes.
* Appears only if all filters remain valid at candle close.
* Must not repaint.
* Must not disappear.
* Must not move to another candle.
* Alert should trigger only after confirmation.
3. Trading Sessions
Default trading session:
* New York session only.
Optional input settings:
* London session ON/OFF.
* All day mode ON/OFF.
The default mode should prioritize New York session because it usually provides stronger movement for XAUUSD.
4. Stop Loss Logic
The Stop Loss must be smart and not too far.
For Buy signals:
* Stop Loss should be below the nearest valid Swing Low or below the session/entry box, with a small adjustable buffer.
For Sell signals:
* Stop Loss should be above the nearest valid Swing High or above the session/entry box, with a small adjustable buffer.
Risk protection:
* If the Stop Loss distance is too large, the indicator should reject the signal and display:
“Risk too high / No trade”
5. Take Profit Logic
The indicator should draw:
* TP1
* TP2
TP3 should be optional and OFF by default.
Targets should be based on risk/reward or recent market structure.
6. Alerts
Alerts must trigger only after a Confirmed Signal.
Required alert message:
* Symbol
* Direction
* Entry
* Stop Loss
* TP1
* TP2
* Signal Strength
* Session name
No alert should be sent for Pending Setu
7. Deliverables
The developer must provide:
- EX5 file.
- Full MQ5 source code.
- Installation instructions.
- Input settings explanation.
8. Revisions and Testing
I need at least 2–3 revision rounds after demo testing.
The indicator must be tested on MT5 demo before final acceptance.
Important:
This is an indicator only.
No EA.
No auto trading.
No automatic order execution.
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Deadline
from 14 to 30 day(s)