MT4 EA for IG – Forex Majors Trend-Pullback (EMA/RSI/ATR) + Strict Risk Controls + Adaptive Logic

I need an experienced MQL4 developer to build a robust, conservative MT4 EA designed to trade Forex major pairs on IG. This is for long-term use with controlled drawdown — no martingale/grid/hedging.

Platform / Broker

• Platform: MT4

• Broker: IG 

• Must work with: 5-digit pricing, variable spreads, slippage, and IG’s execution constraints

Symbols (Majors only)

EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD (configurable list)

Timeframe & Sessions

• Primary timeframe: H1

• Trading sessions: London + New York only (configurable hours)

• Option: disable around high-impact news (time-based filter is acceptable)

Strategy Logic (exact)

Indicators

• EMA 200 (trend filter)

• EMA 50 (trend direction)

• RSI(14) (pullback entry)

• ATR(14) (volatility filter + dynamic SL/TP)

Trend filter

• Long only if EMA50 > EMA200 AND price above EMA200

• Short only if EMA50 < EMA200 AND price below EMA200

• If not clear → no trade

Entry

• Long: RSI pulls into 30–45 zone + bullish candle close + spread filter + ATR minimum filter

• Short: RSI pulls into 55–70 zone + bearish candle close + spread filter + ATR minimum filter

• Enter at candle close (or next candle open — make it an input)

Exit

• SL = ATR × 1.5 (input)

• TP = ATR × 2.0 (input)

• Optional trailing: after +1×ATR profit, trail by 1×ATR (inputs)

Risk Management (mandatory)

• Risk per trade: 0.5%–1% (input; fixed-lot option too)

• Max trades per symbol: 1

• Max total open trades: 3

• Daily loss limit (equity): 2% then stop trading for the day

• Max overall drawdown kill-switch: 15–20% (input)

“Adaptive” requirements (no fake AI)

• ATR-based SL/TP sizing and volatility regime filter (trade only when volatility is acceptable)

• Pair-specific parameter profiles (inputs or separate .set files)

• Optional: recent-performance filter (e.g., reduce risk / pause after X consecutive losses)

Hard “Must NOT do”

• NO martingale

• NO grid

• NO “no stop loss”

• NO hedging / opening buy and sell simultaneously on same pair

• NO high-frequency order spam / excessive modifications

• NO DLLs (unless explicitly agreed)

Deliverables (non-negotiable)

• Compiled EA + full MQ4 source code

• Ownership/exclusivity: code and logic belong to me; not reused/resold

• Strategy tester backtests: at least 5–10 years on majors with tick modelling where possible

• Forward-test guidance + recommended .set files per pair

• Clean installation + user guide

• Bug-fix support for 6–8 weeks after delivery

To apply:
Send examples of prior MT4 EAs, explain how you handle spreads/slippage, and confirm you will follow the “must not do” list.

Settings 

Add these as required inputs:

• Max spread (per pair)

• Max slippage (points)

• Min ATR threshold (avoid dead markets)

• “Trade only once per candle” switch

• News pause window (e.g., 30–60 min before/after high impact — even if manual time filter)

• Cooldown after loss (pause X candles)

• Broker GMT/session time mapping input

• Partial close / breakeven toggle (optional)

• Magic number + comment tag (for tracking)

• “Close on opposite signal” toggle (optional)