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Spécifications
Project Title:
Development of “Peras” – A Risk Management Expert Advisor for MetaTrader 5
Description:
I am looking for an experienced MT5 programmer to build a robust risk management EA that will enforce strict trading discipline by mimicking institutional-style oversight. This EA will not trade on its own, but rather monitor trading activity and enforce preset rules by immediately closing unauthorized trades.
🔧 Core Functions
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Cap weekly loss (by number of trades or % drawdown)
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Cap daily loss (% o)
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Cap the loss in the first hour of trading to no more than X% of the predefined daily max loss
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Restrict trading to a specific time window (start and end time)
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Allow or forbid adding to existing positions
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Instantly close any trade that violates these conditions
🧩 Inputs
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MAWL : Max allowed weekly loss (% or fixed amount)
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MADL : Max allowed daily loss (% or fixed amount)
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FirstHourLimit : % of MADL allowed in the first hour
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StartTime and EndTime : Daily trading session (in user-defined time zone, default Berlin)
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TimeZone : For converting between server and local time
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AllowAddingToPositions : true/false
🗂 Additional Considerations
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The EA will run 24/7 on a dedicated Mini PC with no screen and will be accessed remotely.
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It must handle positions opened on previous days intelligently.
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The EA must convert the time zone correctly, regardless of broker/server location.
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Clean code and commenting is essential for future maintenance or upgrades.
✅ Requirements
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Proven experience with MT5 Expert Advisor development
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Ability to write clean, efficient, and well-documented code
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Excellent communication and ability to work with detailed specifications
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Strong understanding of risk management logic
💼 How I Plan to Use It
I intend to use this EA as a watchdog. Once trading begins for the day, I will lose access to the platform, relying on this EA to enforce discipline. It’s part of my broader strategy to professionalize my trading .
If you're interested and confident you can build this tool reliably, please send:
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A brief intro
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Examples of relevant EAs you’ve built
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Timeline and estimated budget
Looking forward to working together!