FreelanceSections

MT4/MT5 Expert Advisor Development – Moving Average High/Low + Bollinger Bands Strategy

MQL5 Experts

Specification

Project Overview

I am looking for an experienced MQL4/MQL5 developer to create an Expert Advisor (EA) for MetaTrader 4 and MetaTrader 5 based on a Moving Average High/Low channel and Bollinger Bands strategy.

The EA must support both BUY and SELL operations and use opposite signal exits.

Indicators Required

1. Moving Average High

  • Period: 5
  • Applied to: High Price
  • Method: Simple Moving Average (SMA)
  • User configurable

2. Moving Average Low

  • Period: 5
  • Applied to: Low Price
  • Method: Simple Moving Average (SMA)
  • User configurable

3. Bollinger Bands

  • Period: 20
  • Deviation: 2.0
  • Applied Price: Close
  • User configurable
BUY Rules

Open a BUY position when ALL of the following conditions are met:

  1. Previous candle closes above the MA High (5).
  2. Current candle opens above the MA High (5).
  3. Price is above the Bollinger Bands middle line.
  4. No existing BUY position is open.
  5. Trading time filter (optional) allows entry.
SELL Rules

Open a SELL position when ALL of the following conditions are met:

  1. Previous candle closes below the MA Low (5).
  2. Current candle opens below the MA Low (5).
  3. Price is below the Bollinger Bands middle line.
  4. No existing SELL position is open.
  5. Trading time filter (optional) allows entry.
Exit Rules (Opposite Signal Close)

Close BUY

Close any open BUY position immediately when a SELL signal appears.

Conditions:

  • Candle closes below MA Low (5).
  • Bollinger confirmation for SELL is valid.

Close SELL

Close any open SELL position immediately when a BUY signal appears.

Conditions:

  • Candle closes above MA High (5).
  • Bollinger confirmation for BUY is valid.
Additional Requirements

Trade Management

  • Fixed Lot Size (user configurable)
  • Stop Loss (optional)
  • Take Profit (optional)
  • Magic Number
  • Slippage setting

Risk Management

  • Maximum one position per direction
  • Enable/Disable Hedging
  • Enable/Disable Opposite Signal Close

Inputs

  • MA High Period
  • MA Low Period
  • MA Method
  • Bollinger Period
  • Bollinger Deviation
  • Lot Size
  • Stop Loss
  • Take Profit
  • Magic Number

Compatibility

  • MT4 and/or MT5
  • Source code must be provided (.mq4/.mq5)
  • Fully commented code
  • No DLL required

Deliverables

  1. Compiled EA (.ex4/.ex5)
  2. Full Source Code (.mq4/.mq5)
  3. Installation Guide
  4. Basic Documentation of Entry and Exit Logic

The code should be clean, optimized, and suitable for future modifications.


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Project information

Budget
30 - 200 USD
Deadline
from 2 to 6 day(s)

Customer

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