XAUUSD Risk Management EA for Manual Buy Trades

MQL5 Experts

Job finished

Execution time 4 days
Feedback from employee
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Specification

MT5 Expert Advisor Requirements (XAUUSD)
I need an Expert Advisor for XAUUSD (Gold) with the following logic:
1. Anchor Price
The EA does NOT open trades automatically.
The system starts when I manually open the first BUY position.
The price of this first BUY becomes the Anchor Price.
2. Price Zones
After the Anchor Price is established, divide price movement downward into zones of 100 dollars each.
Example:
If first BUY = 4300
Zone 1 → from 4300 down to 4200
Zone 2 → from 4200 down to 4100
Continue the same logic if needed later.
3. Maximum Total Lot Size Per Zone
Each zone has a maximum total BUY lot exposure.
Zone 1
Range: 0 to -100 dollars from Anchor Price
Maximum total BUY lots allowed in this zone:
0.72 lots maximum
Zone 2
Range: -100 to -200 dollars from Anchor Price
Maximum total BUY lots allowed in this zone:
0.96 lots maximum
4. Manual Entry Only
I decide when to enter trades manually.
The EA must NOT open any trades by itself.
I can open multiple BUY orders whenever I want.
5. Lot Size Control
The EA must continuously check the sum of all open BUY lots inside each zone.
Rule:
If total BUY lots inside Zone 1 exceed 0.72, reject any new BUY order.
If total BUY lots inside Zone 2 exceed 0.96, reject any new BUY order.
Example:
Inside Zone 1:
BUY 0.20 → allowed
BUY 0.30 → allowed
BUY 0.22 → allowed
Total = 0.72
Trying to open another BUY = NOT ALLOWED
Same logic for Zone 2.
6. Reset Condition
The whole system resets ONLY when:
All BUY positions are completely closed.
Then:
New first BUY becomes new Anchor Price.
Zones are recalculated again.
7. Important Notes
BUY trades only.
No SELL trades.
No automatic strategy.
No indicators.
No TP/SL management.
EA acts only as a risk controller that limits total lot size inside each price zone.

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Project information

Budget
30 - 40 USD
Deadline
from 1 to 3 day(s)