Freelance service at MQL5.com: Drawdown protection EA using hedge needed

Job finished

Execution time 13 days

Feedback from customer

It was great to work with Shahzad

Feedback from employee

Good customer

Description

Specification

The drawdown protection EA(DDP) will open a position(position_DD) when the tracked trade(trade_EA) made by another EA goes beyond the drawdown% threshold. when the trade_EA is closed by other EA or drawdawn% threshold is no longer being crossed by position_DD and position_DD is in the positive, at that point position_DD will be closed. The purpose of DDP is to protect the account from sudden and/or prolonged periods of large drawdown.

DDR will have the following behaviors:

1. Each instance of DDP will track particular trades opened by another EA based on the "EA magic number"(tracked_magic_number) and "currency pair"(tracked_trade_currency) parameters.

2. The chart the instance of DDP is open in will be the pair DDP uses in the hedge position.

3. DDP will protect from drawdown occurring in trade_EA in a particular direction, long or short,

based on two parameters: trade_EA_long and trade_EA_short, please see 3.1 - 3.4.

3.1. if both parameters are set to True DDP will track both long and short position made by other EA.

3.2. If trade_EA_long=True and trade_EA_short=False, DDP will only track long trades made by other EA that go into negative and cross the drawdown threshold.

3.3. If trade_EA_long=False and trade_EA_short=True, DDP will only track short trades made by other EA that go into negative and cross the drawdown threshold.

3.4. If trade_EA_long=False and trade_EA_short=False, DDP will not track any trades made by the other EA or open any new position_DD's. If position_DD or multiple positions_DD is/are already open it/they will continue to be managed by DDP as normal.

4. The direction of position_DD(hedge position) will be determined by 2 parameters: position_DD_long and position_DD_short, please see 4.1 - 4.4.

4.1. If both parameters are set to True, then position_DD will be in the opposite direction of trade_EA.

4.2. If position_DD_long=True and position_DD_short=False, DDP can only open long positions when trade_EA goes beyond the drawdown threshold.

4.3. If position_DD_long=False and position_DD_short=True, DDP can only open short positions when trade_EA goes beyond the drawdown threshold.

4.4. If position_DD_long=False and position_DD_short=False, DDP will not open any new positions in any direction. Any already open position_DD will be closed, all position opened by DDP will be closed.

5. The position_DD size will be determined using "position_multiplier" parameter, please see 5.1 - 5.3.

5.1. if "position_multiplier it is set to 1(default), the size of position_DD will equal that of trade_EA,

5.2. if the parameter is set to 1.25, then position_DD will be 25% larger than trade_EA.

5.3. if for example the parameter is set to 0.5 then position_DD size will be 50%/half of the size of trade_EA.

6. DDP must immediately close position_DD if trade_EA is closed by user or other EA or if the drawdown of trade_EA is below drawdown threshold and trade is in a positive direction. There may be multiple trade_EA being tracked and the management of each one must comply with the rules stated.

7. Position_DD must not be allowed to go into high drawdown at any point, the moment position_DD is opened a stop loss will be used, to determine the location of the stop loss the parameter "position_max_drawdown" will be used, this parameter is the maximum drawdown allowed for all position_DD's.

8. Position_DD will have in the comment section the order number for trade_EA in the folowing format: "Order: <Order number>", to allow behavior corroboration using trade history.

9. DDP will be able to track multiple trades opened by other EA, and apply rules discussed above to each position_DD.

10. Source code for the DDP should be provided once completed.

Responded

Rating

(365)

Projects

412

36%

Arbitration

26% / 57%

Overdue

15%

Free

Rating

(2)

Projects

Arbitration

0% / 50%

Overdue

20%

Free

Similar orders

can anyone help me with building a complete automated pine code strategy and indicator that work for both FXs & CFDs and have a high winning rate proved through back testing. I have a very complex current code that developed mostly using AI but lots of gaps are there although it translate exactly what I have in my mind. So, you are free to decide whether wo build a complete new code or fix my current working code ( i

Project Title: Convert Pinescript TradingView Strategy to MQL5 to EA bot Project Description: I am looking for an experienced MQL5 developer to convert a TradingView Pine Script strategy into a fully automated MetaTrader 5 Expert Advisor (EA). The goal is to have an identical replication of the strategy logic and backtest results. Key Requirements: Logic Conversion: Translate all Pine Script indicators, entry

描述（项目概述）：我需要为 MetaTrader 5 平台开发一个功能完整的智能交易系统（专家顾问），用于交易 XAUUSD （伦敦金）。该艺电的核心是基于一份详细的技术规格书，实现一个多指标共振、多层条件过滤的短线反转策略。 1. 核心策略逻辑简述：交易品种与周期：主交易周期为 M30 ，需在代码内部动态读取 H4 周期进行趋势过滤，并监控 M5 周期以执行复杂的出场逻辑。入场机制：采用 “ 价格触发 -> 成交量确认 -> 多指标渐进式达标 ” 的严格流程。入场信号需在特定时间窗口内，同时满足布林带突破及 5 个动量指标（ CCI、RSI、MFI，威廉指标，随机指标）的超买 / 超卖条件，并受 H4 级别趋势过滤器约束。出场机制：采用三层递进逻辑，包括动态保本移动、 M5 周期指标集体反转信号以及基于 K 线形态的趋势反转终极止损。

SMC, etc.) - Backtest results and the set files you used - Whether you’re willing to make minor tweaks so I can use it as my own If the performance looks good, we can discuss adjustments and next steps. My requirements are screenshot, backtes results, demo fileS Let me know if you have anything that fits the bill

iF you already have an successful MT4 EA for scalping in M5 XAUUSD [and eventually EURUSD and USDJPY] working essentially ON the trend when there is an Break Of Structure but also on reversal eventually with strategy Martingale with param ON/OFF eventually with strategy Grid with param ON/OFF eventually with HEDGING with param ON/OFF and on each trade : Stop loss, Trailing sl without High Frequency Trades [means

I’m looking for a NinjaTrader 8 developer to build or customize a fully automated futures strategy . Goals: Target ~$100/day (consistency over aggression) Long-term survivability (not scalping hype) Requirements: Trade ES/MES or NQ/MNQ Fixed risk per trade Daily profit & loss limits Time/session filters Break-even & trailing stop logic Full NT8 strategy (not indicator) Nice to have: Backtest + optimization

Je cherche un développeur pour un bot Fundednext pour le passage de challenge jusqu'au trading quotidien après le passage.le robot va s'occuper du compte du début à la suite du compte de 15k chez Fundednext.après le passage aux challenges,le robot doit être capable de me fournir 6-10% mensuel de rendement de ce compte. Il doit être capable de passer le challenge dans un bref délai de 2-3 semaine ou soit 10-15 jours

🧠 Project Overview We require an automated trading system that performs statistical arbitrage between: XAGUSD (MT5 account) MCX Silver (separate broker / API / account) The bot will calculate custom percentage movement from a daily anchor time and trade based on spread convergence, not broker-provided percentage values. --- 🧩 Core Concept The system must: 1. Capture daily anchor prices at 11:30 PM IST 2. Compute

Job Title MT5 Developer Needed – Sync Data Feed Between Two MT5 Accounts Job Description I am a trader using multiple MT5 accounts and need a reliable way to have the same market data from one MT5 account reflected in another MT5 account. One account already has a stable and accurate data feed, and I want the second MT5 account to receive identical pricing and symbols for analysis and execution purposes. What I Need

hello great developer We are looking for someone to create a Ninja Trader bot that can identify liquidity sweeps using lux algos indicator. once liquidity sweep occurs we need the bot to use the fibonnachi tool to idenfity the 61% level and 71% level. then enter the trade for us please check the video for better understanding Here is first video: https://youtu.be/ZaGZGNgzZlc?si=we3poeWB91nWqkz5 Here is Second video

Project information

Budget

30 - 80 USD

Deadline

from 7 to 20 day(s)

Specification quality
Result check quality
Availability and communication skills