MT5 EA – Nasdaq Opening Range Breakout with Fibonacci & Risk Management

📋 Project Description

I am looking for an experienced MT5 (MQL5) developer to code a fully automated Expert Advisor for NASDAQ (US100) based on a fixed, rule-based opening range breakout strategy.

The strategy is mechanical, uses no discretionary logic, and must be coded exactly as specified below.

🕒 Time & Session Rules

• Market: NASDAQ (US100)

• Trading days: Monday–Friday

• Session open: 9:30 EST

• EA must convert broker server time → EST

• Only one trade per day maximum

📐 Reference Candle (Opening Range)

• Timeframe: M15

• Candle: 9:30–9:45 EST

• Mark:

  • M15 Candle High (including wick)

  • M15 Candle Low (including wick)

No trade is allowed until this M15 candle has fully closed.

🚀 Entry Conditions

Timeframe: M5

After the first M15 candle closes:

LONG Entry

• A 5-minute candle must close with its BODY above the 9:30-9:45 M15 candle high

  • Once the first M5 body closes above, immediately open a trade.

  SHORT Entry

• A 5-minute candle must close with its BODY below the 9:30-9:45 M15 candle low

  • Once the first M5 body closes below, immediately open a trade.

Rules:

• First valid break only

• If no break occurs → no trade that day

• After a trade is taken → ignore all further signals

📊 Fibonacci Logic

LONG Trade

• Draw Fibonacci from low → high of the 9:30-9:45 M15 candle

• Required fib levels:

  • 0

  • 0.7

  • 1

  • -1

• Stop Loss → 0.7 level

• Take Profit → fixed 1:2 risk-to-reward

• If price reaches -1 level → move Stop Loss to breakeven

• Reference logic on a $10.000 account: Stop Loss at 0.7 level = $100 loss, Take Profit at $200 

SHORT Trade

• Draw Fibonacci from high → low of the 9:30-9:45 M15 candle

• Same fib levels and trade management logic (mirrored)

💰 Risk Management

• Risk per trade: 1% of account balance (1% of the externally added or removed balance like original deposit, top-ups, withdrawals, not the trading profits)

• Lot size must be calculated automatically based on SL distance

• No martingale

• No grid

• Multiple trades can be opened at the same time, if day 1 trade did not result a final outcome, and 2 day trade is due

⚙️ EA Requirements

• Platform: MetaTrader 5

• Language: MQL5

• Clean, non-repainting logic

• Must work on US100 (NASDAQ)

• Must respect trading session rules

Inputs

• Risk percentage

• Enable/disable breakeven at -1 level

Visuals

• No visuals needed

📦 Deliverables

• Fully working MT5 EA (.ex5)

• Full source code (.mq5)

• Demo test version

• Brief usage instructions

💳 Payment Terms

• Fixed price

• Milestone-based or demo version first

• No profit guarantees required or expected

🧑‍💻 Developer Requirements

• Proven MT5 EA development experience

• Familiarity with session-based trading logic

• Clear communication

• Willingness to make reasonable fixes if bugs are found

❗ Notes

• This is a single-strategy EA

• No optimization, signals, or additional logic required

• Please ask questions before accepting the job if anything is unclear