MQL5 / MT5 Expert Advisor Developer – Risk Management & Risk-Reward Optimization

Specification

I am looking for an experienced MQL5 / MetaTrader 5 (MT5) developer to make targeted improvements to an existing, fast-execution Expert Advisor (EA).

The EA is already functional and actively trades Gold (XAUUSD). The main objective is not to build a new EA from scratch, but to review the existing code and make a few precise improvements, particularly around risk management and risk-to-reward (RR) logic.

Current EA

  • Platform: MetaTrader 5 (MT5)
  • Language: MQL5
  • Instrument: Gold / XAUUSD
  • Existing EA with fast trade execution
  • EA is already operational
  • Strategy logic is largely complete

Main Problem

The main issue I need help with is the risk ratio / risk-to-reward management.

I need the developer to:

  • Review the existing risk-management calculations.
  • Check how lot size is calculated based on account risk.
  • Verify that Stop Loss (SL) and Take Profit (TP) are being calculated correctly.
  • Ensure the intended risk-to-reward ratio is correctly applied.
  • Check that the EA handles Gold's point size, tick size, tick value, contract specifications, and broker digits correctly.
  • Identify any calculation that could cause the actual risk to differ from the intended risk.
  • Make the necessary corrections without negatively affecting the EA's existing execution speed or trading logic.

Additional Requirements

The developer should be able to:

  1. Understand and work with an existing MQL5 codebase.
  2. Make minimal, targeted modifications rather than unnecessarily rewriting the EA.
  3. Preserve the existing entry and execution logic unless a change is specifically required.
  4. Ensure compatibility with different MT5 broker specifications where possible.
  5. Properly calculate position size according to the desired percentage/fixed monetary risk.
  6. Correctly handle SL/TP distances and risk-to-reward calculations.
  7. Test the modified EA using the MT5 Strategy Tester.
  8. Provide a clear explanation of what was changed and why.

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Project information

Budget
50+ USD
Deadline
from 1 to 3 day(s)