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I am looking to develop a custom Expert Advisor (EA) for MetaTrader (MT4/MT5) based on a defined technical analysis strategy and flexible risk management rules.
The EA should operate on a chart and timeframe that I manually specify, with the ability to adapt its behavior dynamically when the timeframe is changed.
Core Strategy Logic
The EA will execute trades based on predefined technical analysis zones, specifically:
- Identification of buy limit and sell limit zones
- Entries triggered when price reaches these zones
- Logic can be based on a combination of price action and selected indicators
Risk & Trade Management
The EA must include:
- Fixed Stop Loss (SL) and Take Profit (TP) levels
- Advanced Trailing Stop functionality (precise and customizable)
- Configurable risk management system, including:
- Fixed lot size
- Automatic lot sizing based on account equity (user-defined rules)
Indicators & Analysis
- Ability to integrate and use built-in or custom indicators directly within the EA
- Indicator parameters must be fully configurable
- Signals can be combined (e.g., confluence-based entries)
Execution & Filters
- Trading time filter (only trade during specific sessions/hours)
- Ability to enable/disable trading on certain days
- Optional filters (spread, volatility, etc.)
Flexibility & Inputs
- All key parameters must be externally configurable (inputs)
- EA must adapt when switching between timeframes without needing reinstallation
- Adjustable limits and behavior depending on selected timeframe
Additional Requirements
- Clean and efficient code
- Optimized for backtesting and forward testing
- Detailed logging for trade decisions (for debugging and optimization)
- Stable performance across different market conditions
If needed, I can provide:
- Exact definition of entry zones
- Indicator combinations and parameters
- Example scenarios / backtest expectations
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