A trading Bot that trades for you!

MT5 Forex Scalping Expert Advisor — Budget $30

Project description

I am looking for a developer to build a simple, fully automated Forex scalping bot (Expert Advisor / EA) for MetaTrader 5 (MT5).

My total budget is $30 USD. Please keep the strategy simple and focus on reliable execution, risk management, and easy configuration.

1. Trading strategy

• The bot must automatically identify trading opportunities and open and close trades without manual intervention.
• It should use a simple, rule-based scalping strategy based on technical indicators, such as EMA trend confirmation and RSI momentum confirmation.
• The strategy must be configurable and suitable for testing on lower timeframes, such as M1 or M5.
• The EA should initially focus on one major Forex pair, preferably EUR/USD.
• It must not open trades randomly or use martingale, grid trading, or uncontrolled averaging.
• The developer may suggest a better, simple strategy if it fits the budget.

2. Entry and exit rules

• Use clear, predefined entry conditions.
• Every trade must have a Stop Loss (SL) and Take Profit (TP).
• Allow configurable SL, TP, indicator periods, and trading timeframe.
• Avoid opening duplicate positions for the same signal.
• Close or manage trades according to the configured strategy.
• Do not promise a fixed win rate or guaranteed profits.

3. Risk management

• Adjustable risk per trade, with a default of 0.5% of account equity.
• Allow a maximum risk of 1% per trade.
• Include a configurable daily loss limit, with a default of 2% of starting daily equity.
• Stop opening new trades when the daily loss limit is reached.
• Include a maximum number of trades per day and a maximum number of simultaneous positions.
• Calculate lot size based on account equity, stop-loss distance, and symbol specifications.
• Never increase position size to recover losses.
• If the broker rejects an order or execution fails, handle the error safely and record it in the log.

4. Spread and trading filters

• Include a maximum spread filter, configurable by the user.
• Avoid opening trades when spreads are unusually high.
• Include configurable trading hours.
• Avoid trading when market conditions make execution unreliable.
• Do not enter trades when the required SL, TP, or lot size cannot be placed correctly.

5. Platform and compatibility

• Platform: MetaTrader 5.
• Language: MQL5.
• The EA must work with a standard MT5 Forex broker, subject to the broker’s symbol specifications and trading conditions.
• Provide configurable inputs inside MT5.
• The bot must not require a paid external API or an additional subscription.

6. Deliverables

The developer must provide:

1. The compiled .ex5 Expert Advisor.
2. The editable .mq5 source code.
3. Installation and configuration instructions.
4. A list of the strategy rules and all configurable parameters.
5. Basic testing in the MT5 Strategy Tester.
6. A brief explanation of the test results, including drawdown, trade count, spread assumptions, and the test period.

7. Testing requirements

• Test the EA using historical data in MT5, preferably with real-tick modelling where available.
• Account for spreads, commissions, and slippage as realistically as possible.
• Test on data that was not used to optimize the strategy, if feasible.
• Confirm that the EA respects the risk limits and does not open duplicate trades.
• The developer must disclose any known limitations.

8. Budget and agreement

My maximum budget is $30 USD, fixed price.

Please confirm which features can realistically be delivered within this budget before starting work. A basic, working EA is preferred over a complicated strategy.

I understand that backtesting and historical performance do not guarantee future profitability. I am not looking for guaranteed returns; I want a functional automated trading system that I can test on a demo account first.

Please do not begin additional paid work without my approval.