MT5 Gold Scalping EA Based on Support/Resistance and False Breakouts

MQL5 Experts Forex

Specification

I’m looking for an experienced MQL5 developer to build a custom MT5 Expert Advisor for gold scalping, based on clearly defined support/resistance levels and false breakouts.

Before development, I would welcome your technical feedback on the proposed rules, their feasibility, and any improvements you recommend. Please explain the reasoning behind your suggestions rather than promising returns.

Proposed strategy:

1. Key levels
    Automatically identify the previous trading day’s high/low and the completed Asian session’s high/low. Session times must be configurable using broker server time. Optional confirmed H1 swing levels may be considered.

Levels should be treated as zones, with configurable volatility-based width. All calculations must use information available at the time, without repainting or look-ahead bias.

2. Buy setup
    A completed M5 candle breaks below a support zone, then closes back above it. Place a buy entry above that candle’s high, with a configurable entry buffer.
3. Sell setup
    A completed M5 candle breaks above a resistance zone, then closes back below it. Place a sell entry below that candle’s low, with a configurable entry buffer.
4. Signal expiry
    Cancel an untriggered entry after a configurable number of candles. Allow only one trade per signal and prevent duplicate entries.
5. Stop loss and take profit
    Place a real stop loss beyond the false-breakout extreme, with a configurable volatility-based buffer.
    Target the nearest opposing support/resistance zone.
    Skip entries unless the available reward is at least 1.5 times the risk after estimated trading costs.
6. Risk and execution
    Provide fixed-lot and percentage-risk sizing, a maximum spread filter, configurable trading sessions, an optional high-impact news filter, and a configurable daily loss limit.
    No grid, martingale, or averaging down.
    The EA must manage only its own trades using a unique Magic Number.
7. Testing
    Test using real ticks where available, including spread, commission and realistic execution assumptions. Keep a separate out-of-sample period.
    Please also advise whether a breakout-and-retest model would be worth testing separately against this false-breakout model.

Deployment and deliverables:

* MT5, initially on BXPRO’s XAUUSD.V symbol, running on a Windows VPS.
* Full editable MQ5 source code, compiled EX5, and all required dependencies.
* Configurable inputs and a clear setup guide.
* Visual testing examples demonstrating that entries and exits follow the agreed rules.
* An agreed period for fixing implementation bugs.

These are preliminary requirements. Please share your relevant experience, suggestions, estimated cost and delivery time. We will finalize the exact rules and acceptance criteria before development begins.

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Project information

Budget
300 - 800 USD
Deadline
to 14 day(s)

Customer

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