Development of MT4 Expert Advisor (EA) based on price movement and last candle body

Delivery - 7 days delivery + 3 days rectification (non-negotiable)

• Detailed write-up (20 pages) explaining requirements step by step for coder to grasp the concept

• Partial source code for some requirement will be supplied to speed up development

Budget & Payment Terms:

• Budget: USD 400

• Initial lock: USD 100 (commitment)

• Verified delivery within 7 days → balance increased to 400

Brief:

1.     Operating Time Frame – Works on all chart time frames. (Coding completed)

  2.     Trading Status – Smiley face if auto trading is on, sad face if off. (Coding completed)

  3.     Magic Number – A unique ID number for the EA. (Coding completed)

  4.     EA Activation – Can be turned on or off. If off, no new trades but still manages open ones. (Coding completed)

  5.     Broker’s Commission – You can set the broker’s fee so EA counts it in. (Coding completed)

  6.     Slippage (Coding completed)

  7.     Operating day (Coding completed)

  8.     Trading Sessions – Start time and end time. Outside those times, no new trades. (Coding completed)

  9.     Maximum Spread – EA only trades if the spread is within your set limit. (Coding completed)

  10.    % Daily Target (Per Chart) – Sets a daily profit goal for each chart. EA stops opening new trades on that chart once reached. 0 or blank = disabled. (Coding completed)

  11.    % Daily Universal Target (All Charts) – Sets a combined profit goal across all charts. Once reached, EA stops trading on all charts until next day. 0 or blank = disabled. Progress shown on top-left of chart. (Coding completed)

  12.    % Risk – Daily loss limit. If losses reach this %, EA stops new trades until next day. 0 or blank = disabled. (Coding completed)

  13.    Money Management (Lot Size) – Choose between:

·                Fixed Lot Size – You set a constant lot size.

·                Automatic Lot Size – EA calculates lot size based on available capital and “Lot-Based Capital” input.

·                Example: Available capital ÷ Lot-Based Capital × 0.01 = lot size. (Coding completed)

  14.    Stop Loss Management – Choose how the EA handles stop loss:

·                Normal SL – Trade closes when price hits SL.

·                Limit Order Reversal (LO) – Instead of closing, EA opens a reverse trade aiming for no gain/loss. (Coding completed)

  15.    Initial Stop Loss (SL) Input – Set a fixed SL value for trades (in points). (Coding completed)

  16.    Stop Loss Movement (To code)

  17.    Trade Restrictions – Rules for opening trades under normal conditions: (To code)

·                High/Low Body Candle: Trade opens when price crosses previous candle body high/low.

·                Allowable Trades – Max trades at the same time: 1 or 2 (opposite directions).

·                Candle Body Min Height – Ignore weak or Doji candles; only trade if candle body ≥ input.

·                Multiple Trade – Enable sequences of trades within the same candle, or allow only one trade per candle.

  18.    Trade Management: Breakeven & Profit Protection – How the EA manages trades to lock profit and protect against loss: (To code)

·                Breakeven (BE) – Moves SL to entry + commission once price moves X points in favour. Can allow recovery trades or stop new trades for the candle.

·                Initial Profit (IP) – Further moves SL to secure some profit after BE. Can allow recovery trades or stop new trades.

·                Secondary Profit (SP) – Extra SL adjustment to lock larger gains after IP. Same options as IP.

·                Take Profit (TP) – Absolute profit target where trade closes. Can trigger new trade or switch to profit trail.

·                Profit Trail (PT) – Adjusts SL after TP to lock additional gains, via standard or step trail. Can also allow recovery trades.

·                Benchmark Reset & Carry-Forward – Benchmarks reset if no trades continue to next candle; if trades remain open, benchmarks are carried forward.

  19.    Profit Trail for Candle Trade – Adjust SL after TP is hit to secure profit. Options: Standard or Step trail. (To code)

  20.    Standard Profit Trail – SL follows price with a fixed gap after TP + BE gap is reached. Locks profit as price moves. (To code)

  21.    Step Profit Trail – SL moves in steps as price advances after TP + BE gap is reached. Locks profit incrementally. (To code)

  22.    Trade Log & Broker Integration – All SL updates are sent to broker and recorded in MT4 log; locked profits appear in broker reports. (To code)

  23.    Remarks and Trade Identification – Add custom remarks (up to 10 characters) for each trade; visible in EA and broker logs. (Coding completed)

  24.    Label / Table – Displays EA info and trade stats on chart. (Coding completed)