AN EXPERT ADVISOR BASED ON MARKET STRUCTURE AND PRICE ACTION

MQL5 Asesores Expertos

Trabajo finalizado

Plazo de ejecución 25 días

Tarea técnica

Description

I need an MT5 Expert Advisor developed for the ICC (Indication–Correction–Continuation) trading strategy.
This is a tested manual strategy that I trade profitably. I want it fully automated with the ability to backtest and optimize.

The EA must replicate the ICC logic:

  • Indication: Break of a swing high (for buys) or swing low (for sells).

  • Correction: Price retraces toward the broken level but holds structure.

  • Continuation: Entry once the correction completes, confirmed on a lower timeframe.

This system must trade XAUUSD (Gold) primarily, but should allow input to run on other symbols.


Requirements Specification

1. Trading Idea

✅ Market Context Rules

  • Trade only during London or New York sessions.

  • Only take trades in clear trending markets (confirmed on 1H/4H).

  • Do not take trades in consolidation or inside a no-trade zone (between last swing high & low).

  • Skip if high-impact news is about to release.


✅ Indication Rules

  • Bullish Setup: Price breaks above previous swing high (1H/4H).

  • Bearish Setup: Price breaks below previous swing low (1H/4H).

  • Do not enter on the breakout candle itself.


✅ Correction Rules

  • Price must retrace back toward the broken level.

  • Correction forms a higher low (for longs) or lower high (for shorts).

  • Correction must not violate market structure (price stays above last swing low in longs, below last swing high in shorts).

  • Prefer correction entry aligned with liquidity sweep/retest wick.


✅ Continuation (Entry) Rules

  • Entry is valid when:

    • On 15m or 5m chart, trend resumes in the direction of the indication.

    • Bullish: Higher low confirmed + bullish close above broken level.

    • Bearish: Lower high confirmed + bearish close below broken level.

  • Entry must offer at least 1:3 risk-to-reward.


✅ Risk Management Rules

  • Risk per trade = max 1–2% account.

  • Stop-loss must be placed below HL (for longs) or above LH (for shorts).

  • Maximum 3 consecutive losses → stop trading for the day.


✅ Trade Management Rules

  • Move stop-loss to breakeven once trade reaches +1R.

  • Scale out partials at first 1H swing target.

  • Leave runner to target 4H level if trend is strong.

  • If price fails to continue and forms opposite structure → exit early.


👉 Summary Rule:
A trade qualifies as ICC if:

  1. The higher timeframe shows trend structure.

  2. Price gives a valid Indication (break of prior swing).

  3. Price Corrects without breaking structure.

  4. Continuation entry forms on 15m/5m with clean R:R setup.

  • Trade market structure using ICC: Indication → Correction → Continuation.

  • Work on higher timeframe (H1/H4) for trend, with entries on M15/M5.

  • Only trade during London and New York sessions.

2. Terms and Definitions

  • Swing High/Low: Identified by fractal/pivot logic.

  • Indication: Breakout  beyond last swing high/low.

  • Correction: lower timeframe Retracement to retest the level, without breaking opposite structure.

  • Continuation: Lower timeframe resumes the trend direction (higher low for long, lower high for short).

3. Trading Signals

Buy:

  • H1/H4 breaks above prior swing high.

  • 15min timeframe Price corrects/retest without breaking last swing low on H1/H4.

  • M15/M5 closes bullish above broken level (HL confirmed).

  • R:R ≥ 1:3 to next swing.

Sell:

  • H1/H4 breaks below prior swing low.

  • 15min timeframe Price corrects/retest without breaking last swing high.

  • M15/M5 closes bearish below broken level (LH confirmed).

  • R:R ≥ 1:3 to next swing.

4. Position Exit Rules

  • Stop Loss: 5 pips Beyond correction swing on 15min timeframe.

  • Take Profit: At next swing high/low (H1/H4).

  • Breakeven: Shift SL to entry at +1R.

  • Partial Close: Optionally close 50% at TP1, let runner to TP2.

  • Invalidation: Close if opposite structure forms.

5. Execution Rules

  • Market orders only, at bar close.

  • Only one trade per session per symbol.

  • H1/H4 market structure aligns with the 15min timeframe 

6. Additional Filters

  • Session filter (London/NY only).

  • News filter (optional).

  • Min distance between entry & SL filter.

7. Order Lifetime

  • Orders valid until SL/TP or opposite signal.

  • Pending orders cancel after 24 bars.

8. Position Management

  • SL/TP always placed.

  • Trailing stop (optional).

  • Breakeven rule mandatory.

9. Inputs (Configurable)

  • Risk_Percent (default: 1%)

  • Min_RR (default: 3.0)

  • SessionTimes (London/NY inputs)

  • SwingLookback (default: 3)

  • Use_H4_Confirmation (true/false)

  • Enable_PartialClose (true/false, default 50%)

  • Enable_TrailingStop (true/false)


Developer Deliverables

  1. Fully coded MQL5 Expert Advisor.

  2. Inputs must be configurable and optimizable.

  3. EA must include log messages confirming Indication/Correction/Continuation logic.

  4. EA must include proper risk-based lot sizing.

  5. EA must be stable for live trading.

  6. Developer must provide a backtest report (XAUUSD, H1/H4 trend, M15 entry) showing at least 85% win rate over 10 trades, replicating ICC manual performance.


Additional Notes

  • Please code cleanly with comments.

  • Provide both .mq5 source and .ex5 compiled file.

  • Delivery includes initial backtest files and visual proof of ICC sequence execution and User guide.


    Trading Rules

✅ Market Context Rules

  • Trade only during London or New York sessions.

  • Only take trades in clear trending markets (confirmed on 1H/4H).

  • Do not take trades in consolidation or inside a no-trade zone (between last swing high & low).

  • Skip if high-impact news is about to release.


✅ Indication Rules

  • Bullish Setup: Price breaks above previous swing high (1H/4H).

  • Bearish Setup: Price breaks below previous swing low (1H/4H).

  • Do not enter on the breakout candle itself.


✅ Correction Rules

  • Price must retrace back toward the broken level.

  • Correction forms a higher low (for longs) or lower high (for shorts).

  • Correction must not violate market structure (price stays above last swing low in longs, below last swing high in shorts).

  • Prefer correction entry aligned with liquidity sweep/retest wick.


✅ Continuation (Entry) Rules

  • Entry is valid when:

    • On 15m or 5m chart, trend resumes in the direction of the indication.

    • Bullish: Higher low confirmed + bullish close above broken level.

    • Bearish: Lower high confirmed + bearish close below broken level.

  • Entry must offer at least 1:3 risk-to-reward.


✅ Risk Management Rules

  • Risk per trade = max 1–2% account.

  • Stop-loss must be placed below HL (for longs) or above LH (for shorts).

  • Maximum 3 consecutive losses → stop trading for the day.


✅ Trade Management Rules

  • Move stop-loss to breakeven once trade reaches +1R.

  • Scale out partials at first 1H swing target.

  • Leave runner to target 4H level if trend is strong.

  • If price fails to continue and forms opposite structure → exit early.






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Información sobre el proyecto

Presupuesto
50 - 70 USD
Plazo límite de ejecución
de 1 a 5 día(s)