MT5 EA Development for Forex Trading Strategy

Tarea técnica

## Project Title: MT5 EA Development for Forex Trading Strategy

### Project Description:

I am seeking the development of a custom Expert Advisor (EA) to automate my Forex trading strategy on the MetaTrader 5 platform. This EA should strictly adhere to my strategy rules, which are defined below. The main aspects of the strategy include two Exponential Moving Averages (EMAs), a Detrended Price Oscillator (DPO), and an Average True Range (ATR) for Stop-Loss placement. 

### Forex Pairs to Trade:

The EA should be capable of trading the top 21 most liquid Forex pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD.

### Trading Strategy:

**Entry Rules:**

- Only enter a trade when both EMAs have crossed, and they are at least 1.5 pips apart after crossing.

- Enter a buy position when:
    - EMA 1 (Length 12) crosses above EMA 2 (Length 40)
    - DPO bars turn green (indicating DPO is over 0 Line)

- Enter a sell position when:
    - EMA 1 (Length 12) crosses below EMA 2 (Length 40)
    - DPO bars turn red (indicating DPO is under 0 Line)

**Exit Rules:**

- Set Stop-Loss a little above the recent swing high plus the ATR value for sell trades, or a little below the recent swing low minus the ATR value for buy trades.
- Set Take-Profit at a Risk:Reward ratio of 1:2.
- Close any open position if the EMAs cross back in the opposite direction.
- Close the position if the EMA crosses over again and reaches a distance of 2 pips or more between them.

**Additional Rules:**

- Do not trade in ranging markets, such as when the EMAs have crossed twice or more within the last 24 hours.
- Maximum of one open position per pair at any given time.
- Avoid trading any pair with a spread difference of 1 pip or more.
- Do not trade pairs with important news/data expected within the next 12 hours or those that have already had such data released in the last 2 hours.
- Utilize your EMAs to understand the long-term trend and always check historical patterns and pricing.

**Risk Management:**

- Risk a maximum of 0.5% of your account on each trade if it's only valid on one timeframe (1H or 4H). However, if the trading signal aligns on both timeframes, you can risk 1% on that trade.
- Do not expose more than 3% of your account to the market at any given time.
- Cease trading for the day if you lose 3% of your account value.
- If you have earned 6% of your account value in a single day, refrain from further trading for the rest of the day.

**Other Considerations:**

- The EA should operate 24/5.
- If a trade is closed due to EMA cross in the opposite direction or reaching the set profit/loss level, the EA should consider re-entry into the market upon the next EMA crossover that complies with all other rules.
- Use an API service to determine significant news events. A paid service is preferred for more accurate and prompt updates.
- The EA should automatically close trades when the EMAs re-cross.
- The leverage on the trading account is usually 1:100.
- The EA should allow a slippage of up to 2 pips for trade execution.
- The EA should attempt to open a trade even if the price deviates within the 2 pips limit from the desired entry point, especially when the price retraces back to the desired level or when a better entry point arises.

### Deliverables:

The final deliverable should be the complete, compiled EA, along with its source code. The code should be clean, efficient, and well-commented for future modifications. 

### Communication:

I would appreciate regular updates and the opportunity to test different versions of the EA during the development process.

---

Additional Features:

1. **Notification System:** The EA could send notifications to your email or mobile phone when it opens or closes a trade.

2. **Backtesting Functionality:** You may want the ability to backtest your strategy over historical data. Your EA should support this feature.

3. **Dashboard:** A simple dashboard on the MT5 screen showing current trades, potential setups, account status, and other relevant information can be very handy.

4. **Logs:** Keep detailed logs of all activities. It helps to debug in case of issues and also allows you to review the EA's performance.

5. **Customization:** All strategy parameters should be easily customizable through the EA's input settings.

6. **Graceful Error Handling:** The EA should handle all kinds of errors gracefully and never crash your MT5 terminal.

These suggestions should make the EA more robust, flexible, and user-friendly.

I Bought the MOST Profitable Swing Trading Strategy on Fiverr for $45 - YouTube

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Información sobre el proyecto

Presupuesto
50 - 500 USD
Plazo límite de ejecución
a 20 día(s)