SKBOT

Specification

want an MQL5 Expert Advisor (EA) for MetaTrader 5, mainly for XAUUSD (Gold).

Strategy:
The EA should trade based on market structure, Break of Structure (BOS), Fair Value Gaps (FVG), Order Blocks (OB), and Fibonacci retracement levels.

BUY setup:

  1. Detect bullish market structure.
  2. Detect a bullish Break of Structure (BOS).
  3. Identify the relevant bullish FVG and/or Order Block created around the structure move.
  4. Use Fibonacci retracement to identify the preferred retracement/entry zone.
  5. Wait for price to retrace into the valid FVG/OB/Fibonacci area.
  6. Require bullish confirmation before entering a BUY.
  7. Place the Stop Loss below the relevant swing/structure invalidation level.
  8. Take Profit should be configurable, including previous swing high/liquidity or a configurable Risk-to-Reward ratio.

SELL setup:

  1. Detect bearish market structure.
  2. Detect a bearish Break of Structure (BOS).
  3. Identify the relevant bearish FVG and/or Order Block created around the structure move.
  4. Use Fibonacci retracement to identify the preferred retracement/entry zone.
  5. Wait for price to retrace into the valid FVG/OB/Fibonacci area.
  6. Require bearish confirmation before entering a SELL.
  7. Place the Stop Loss above the relevant swing/structure invalidation level.
  8. Take Profit should be configurable, including previous swing low/liquidity or a configurable Risk-to-Reward ratio.

Risk management:

  • Adjustable risk percentage per trade.
  • Adjustable fixed lot size option.
  • Adjustable Risk-to-Reward ratio.
  • Maximum number of open trades.
  • Maximum spread filter.
  • Optional Break Even.
  • Optional trailing stop.
  • Magic number for the EA.

Trading controls:

  • BUY only / SELL only / BUY and SELL options.
  • Configurable trading sessions.
  • Configurable timeframe for market structure.
  • Configurable entry timeframe.
  • Option to enable/disable individual strategy filters.

Important:
All concepts such as BOS, FVG, Order Block, swing high/low, Fibonacci entry zone and confirmation candle must be defined objectively in the code so that the EA can backtest them consistently. The EA must not make subjective visual decisions that cannot be reproduced in the Strategy Tester.

Testing and delivery:

  • Must work in MetaTrader 5 Strategy Tester.
  • Must be suitable for XAUUSD.
  • All important settings must be available as EA inputs.
  • Provide the complete .mq5 source code and compiled .ex5 file.
  • The developer should explain the exact entry, SL and TP logic before final delivery.

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Project information

Budget
35+ USD

Customer

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Arbitrage count0