EA to switch between 2 symbols according to trading parameters (with code for MT4 & MT5)

MQL5 Esperti

Lavoro terminato

Tempo di esecuzione 60 giorni
Feedback del dipendente
Even we done this project in a long time, I am grateful for great ideas and nice communication. I hope catch his future jobs too :)
Feedback del cliente
Mohammad is BY FAR the most talented programmer I hired so far. He contributed with original solutions to problems that had long troubled me. Great communication, definitely a long-term partnership.

Specifiche

GENERAL IDEA
-- we specify 2 symbols (ex. input symbol 1 = Microsoft & symbol 2 = Apple);

-- we specify input initial amount to trade (ex. $10,000);

-- we specify the interval at which the EA will check the trading conditions (ex. input interval_X = 10M)

-- we specify the trading parameters (ex. input conditions X = 1.0%; & Y = 1.5%)

ACTIONS:

1) UNIQUE ACTION = FIRST BUY:

-- if there is no open position by this EA, immediately buy X shares (= lot1) of symbol 1 at current ask_price (using the initial amount to calculate the lot);

-- register the quotes of BOTH symbol_1 & symbol_2 at the time of the transaction (let's call the "LAST-TRADE-QUOTE-1 & LAST-TRADE-QUOTE-2): those values will be used for trading condition X.


2) REGULAR/REPEATED ACTIONS: (obs. after the first buy, there'll always be an open position)

at every interval_X, check which symbol is the current open position;
-- if symbol 1 is current position, check if condition_X or condition_Y is true
  -- if symbol 1 is current position & (X or Y is true) --> sell symbol 1 

-- use the money from the sell to calculate lot2 (# of shares) --> buy  symbol 2

-- register quotes of both symbols (last-trade-quote-1 & last-trade-quote-2);


-- if symbol 2 is current position, check if condition_X or condition_Y is true
-- if symbol 2 is current position & (X or Y is true) --> sell symbol 2

-- use the money from the sell to calculate the new lot1 (# of shares) --> buy  symbol 1;

-- register quotes of both symbols (last-trade-quote-1 & last-trade-quote-2);

Bottom line:

-- after the first buy, there will always be an open position;

-- the EA will check the trading conditions: if they are true, sell symbol 1 & buy symbol 2 (or sell symbol 2 & buy symbol 1);

-- repeat the process at the defined interval

==============

GENERAL IDEA WITH MORE DETAILS: 

An important part of this EA is the "dynamic calculation" of the lots, meaning: after we close a position, the money generated by the sell of symbol_1 (or symbol_2) will be used to calculate how many shares we can buy of symbol_2 (or symbol_1). 

I think this can be achieved with the use of the following variables: 

double BUYMONEY (the available money to make the buy), SELLMONEY (the money generated by the sell), STANDBYCASH (the money not used in the buy after rounding down to min-lot). 

As there is a MIN LOT requirement, we never use the total amount of available money. We'll call this the STANDBYCASH. 


1) calculating the STANDBYCASH
let's say we have 10,000 to start with and Microsoft is $98. 
let's say the MIN-LOT = 1.0. 
so we could buy 102 shares of Microsoft. 
now: 102 lots at $98 = $9,996, which means that $4 are not used: that's the standbycash = $4
so standbycash = previous available money to make a buy (or BUYMONEY) - amount spent in the buy (which can be calculate by lot * ask.price). 

2) so, after the first buy, we will (always) have an open position.
let's say the trading conditions are true, so it's time to sell. 
let's say the bid price for Microsoft is $104. 
the amount generated by this sell (SELLMONEY) = lot1 * bid1 = 102 * 104 = $10,608 
so the new total amount available to make a buy (let's call it BUYMONEY = standbycash ($4) + sellmoney ($10,608) = $10,612
{obs. later on we can also include TRADEFEES: buymoney = standbycash + sellmoney - tradefees}
With that, we can calculate LOT2 (the # of shares of symbol_2 to be bought): 
LOT2 = buymoney / ask2 (the ask price of symbol2) (rounding to min lot). 
Let's say the ask_price of Apple is $84. 
With $10,612 we could buy 126 shares of Apple. 
Now, 126 * 84 = 10,584 meaning that we will have $28 left in the account. 
new standbycash = 10,612 - 10,584 = $28

Next time, we will sell Apple, say, at 90.

126 shares * 90 = $11,340 (sellmoney)
new buymoney = sellmoney + standbycash = 11,340 + 28 = $11,368

With that, we calculate the new lot of Microsoft to buy.
Let's say Microsoft is now $112.
With $11,364 at $112, we can buy 101 Microsoft (always rounding to min lot). 
Amount spent = 101*112 = $11,312, meaning the new standbycash = 11,364 - 11,312 = $52

And so on.

=========================

SPECIFICATIONS ABOUT THE CONDITIONS X & Y

input periods = 50;

input condition_X = 1.0%
input condition_Y = 1.5%

X1 = (bid1 / last-trade-quote-1) - (ask2 / last-trade-quote-2);  // X1 is the condition X when symbol_1 is the current/open position
X2 = (bid2 / last-trade-quote-2) - (ask1 / last-trade-quote-1); // X2 is the condition X when symbol_2 is the current/open position

Y1 = bid1 / avg1 (= average of 50 periods of symbol1) - ask2 / avg2   // Y1 is the condition Y when symbol_1 is the current/open position
Y2 = bid2 / avg2 (= average of 50 periods of symbol2) - ask1 / avg1  // Y2 is the condition Y when symbol_1 is the current/open position

if (X1 >= condition_X || Y1>= condition_Y) bool sell_1_buy_2 is true
if (X2 >= condition_X || Y2>= condition_Y) bool sell_2_buy_1 is true

===========================

Thanks

Marcos

PS. $100 is the budget for having the EA with the code for both MT4 & MT5

PS2. I have developed this myself and works well in the strategy tester, but I want/need it to be protected against potential errors.

So, the developer who accepts the job may either revise/adapt/protect the code I already have or create his own. 

Con risposta

1
Sviluppatore 1
Valutazioni
(69)
Progetti
93
34%
Arbitraggio
10
40% / 30%
In ritardo
5
5%
Gratuito
Ordini simili
I need an edit and modification done to a deriv bot, who has experience in same, please reach out, Currently I have a system that only martingales on new signal but I want it immediately after a loss and then switch to ping pong
Hello 👋🙂 I need help with a very small finishing task 🧩 A previous programmer almost completed the EA , but stopped right before the finish line 🏁😅 Everything is already prepared and clear — just needs the final touch 🔧✨ This is NOT strategy work ❌🧠 The trading logic is already done, tested and working ✅ Only simple completion / cleanup needed. ✅ What’s already provided: Python source code 🐍 Exact entry &
Need a pro dev to create an MT4 Expert Advisor ("Monitor EA") acting as execution firewall & auto-recovery controller for multiple EAs on XAUUSD (M1). How it works: Runs on blank chart; controls EAs via chart/template actions Closes/reopens charts to manage trades (EAs aren't editable) Targets IC Markets/VT Markets ECN Raw Source code handed over on completion Key Features:* XAUUSD (Gold) focus M1 timeframe
We're looking for a highly professional MQL5 developer to create FX Apex, an advanced scalping EA optimized for small accounts ($50+), 1:30 leverage, IC Markets broker, and ready for demo/live trading. Key Features:_ Scalps XAU/USD & major pairs (M1-M15), option to add more Adaptive TP/SL based on volatility, trend, ATR, momentum Dynamic trailing, breakeven, partial close functionality Configurable risk per trade
We are looking for a highly professional MQL5 developer to create the Ultimate Super Scalper EA, optimized for small accounts starting from $50, with a leverage of 1:30, broker IC Markets and ready for both demo and live trading. This EA should be fully configured for maximum profitability upon delivery, but all parameters should remain modifiable by the user to adapt the risk, frequency of trades and trading
I have pine editor script I want to convert this into MT5 EA Main i want to match tv and mql5 buy and sell signal to match in trading view i use this with heikin ashi candles things to add in this but after main need to be done 1 Ea start stop time 2 Manual lot size 3 tp sl - on Ea start if i want to add separate tp for first 2 trades and after that same tp 4 halt ea and close all trades after over all daily profit
Hello Programmer! **Objective** Create an **MT4 Expert Advisor (“Monitor EA”)** that runs on a single blank chart and acts as an **execution firewall and auto-recovery controller** for all other EAs trading on the account. Because existing EAs are **not editable**, the Monitor EA will control trading by **closing and reopening charts/templates** instead of modifying EA logic. Target Platform: **MT4** Broker Type
💰 BUDGET: $2000-$4000 XAUUSD EA (Negotiable) Institutional XAUUSD EA with 20+ Systems | Sharpe 4.2+ | Quant Firm Standards DESCRIPTION I need an experienced MQL5 developer to build a professional institutional-grade EA with 20+ integrated trading systems for MetaTrader 5. CORE REQUIREMENTS: Architecture: • 20+ independent trading systems (trend, mean reversion, volatility, breakout) • ON/OFF toggle for each system
Hi , I am finding scalping Ea for Mt5 which can work on all pairs and have back tested results at least of 1 year and is currently running in Mt5 so i can login and see how it is performing who ever have message me
(15M + 1H Support & Resistance + Liquidity Wick + Trailing SL) 🎯 Objective Develop an MT5 Expert Advisor (MQL5) for XAUUSD (Gold) based on 15-minute liquidity rejection at H1/M15 Support & Resistance zones , with candle-close based trailing stop loss . 📊 On-Chart Display Detected Support & Resistance zones Trade direction Current SL & trailing level Active session 🔐 Risk Rules Only one trade per signal No

Informazioni sul progetto

Budget
60 - 100 USD
Scadenze
da 1 a 7 giorno(i)