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Development of a Signal-Only Expert Advisor (EA) for MetaTrader 5 based on Smart Money Concepts (Order Block + CHoCH + Engulf)

MQL5 EA Forex Trading robot/indicator debugging Strategy optimization Statistics and mathematics C++ Strategy modules Python Panels and dialog boxes Custom graphics Data mining

명시

Hello, hope you’re doing well 

Below is the scope of work and responsibilities for the project, so we can finalize the agreement before starting development.

Project Title:
Development of a Signal-Only Expert Advisor (EA) for MetaTrader 5 based on Smart Money Concepts (Order Block + CHoCH + Engulf)

Main Objective:
To build an analytical and signal-generating EA (no live trading) that automatically analyzes market structure and candle confirmations, sends trading alerts, and logs performance data for backtesting.

Developer Responsibilities:

  1. Develop the EA in MQL5 for the MetaTrader 5 platform.
  2. Use multi-timeframe logic:
    • Structure timeframe: 15 minutes
    • Trigger timeframe: 3 minutes
  3. Detect CHoCH (Change of Character), Order Blocks, and Engulf/Scoop candles according to the trading plan provided.
  4. Generate trade signals only after candle confirmation:
    • On-screen text alert
    • Sound alert
    • Push notification to mobile
  5. Log every signal to a CSV file, including time, direction, price, SL, TP, and result (for backtesting statistics).
  6. Calculate and display win rate, average RR, drawdown, and expectancy.
  7. Apply a time filter — the EA should only work between 09:00 and 12:00 server time.
  8. The EA must not open real positions — it only provides signals and logs them.
  9. Deliverables include:
    • Compiled file (.EX5)
    • Source code (.MQ5) if agreed upon
    • User guide / setup instructions (TXT or PDF)
  10. Provide at least 2 weeks of support after final delivery for bug fixes or minor adjustments.

Client Responsibilities (Me):

  • Provide the full trading plan and checklist for entries.
  • Test demo versions and provide feedback at each stage.
  • Release payments milestone by milestone after confirming functionality.
  • Retain full ownership of the analytical logic and strategy as the original author.

If you confirm these points, we can move to the contract stage and begin Phase 1 of the project.
Please confirm your agreement so I can initiate the first milestone payment.


Best regards,
SIAMAK GHASEMKHANI


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