I will like an automated expert advisor that will work in real time as I will want to leave it on a server to generate profit.
Signals will be generated as follows:
If Bollinger band(middle Bollinger band) is above/higher than Moving Average and bar closes below highest Bollinger band and the next
bar closes above Highest Bollinger band(thus bar has to close, not only move above), a long position will be opened.
If Bollinger band(middle one) is below Moving Average and bar closes above lowest bollinger band and the next bar below lowest
Bollinger Band (thus bar has to close, not only move below), a short position has to be opened.
MAX 1 position can be opened at a time. Thus only after open position is closed can the next signal be generated.
The following inputs should be available:
Moving average:
1)Length of moving average
2)Source, for example(closing, open, low or high price)
3)Offset
Bollinger band:
1)Length of bolinger band
2)Source, for example(closing, open, low or high price)
3)Offset
4)Standard deviation
There should also be an option that can be set so that either - 1)Only Long Positions can be opened
2)Only Short Positions can be opened
3)Both Long and Short positions can be opened.
Risk Management
Risk management will be determined with the Average True Range(ATR) indicator as follows:
Average true range % will be calculated for each closing bar. This is done by dividing the Average True Range
value by the closing Price value *100.
Then there should then be 2 inputs for:
-Stop loss multiple.
-Take profit multiple.
These inputs will be multiples that will be multiplied with the Average True Range %.
For example if the closing price for a share is $1000 and the Average True Range is 1 then the Average True
Range % will be 1/1000 *100=0.1
Then Stop loss will be determined as follows:
Average True Range % times the input multiple for stop loss.
For example if a input multiple of 2 is entered then the stop loss will be 0.1 *2=0.2%
Thus stop loss will be set at 0.2% below opening price of trade.
Then Take profit will be determined in a similar manner:
Average True Range % times the input multiple for take profit.
For example if a input multiple of 3 is entered then the stop loss will be 0.1 *3=0.3%
Thus take profit will be set at 0.3% above opening price of trade.
Position sizing:
For position sizing there should be an input for the % of equity that should be risked.
For example if equity is $100 000 and input is 2% then only an amount of $2000 should be risked.
Position sizes will then be determined with the Stop loss value(as calculated under Risk Management) as follows:
The amount that should be risked (for example the $2000) should be divided by the Stop loss %.
Thus using the $2000/0.2%=$1 000 000.
Thus a position of $1 000 000 should be opened.
Thus if stop loss is triggered, 0.2%*1 000 000= $2000 loss.
High volatility problem:
Lastly I only want positions opened when volatility is low. I thought about adding a extremely long moving average(500 ma length)
to the Average true range indicator and only opening positions if the ATR%/or the ATR(as they are identical in movement but not value)
are below the 500 moving average, I know you can do this in Tradingview but not sure about mql5? Any other suitable suggestions are welcome.
In any case there should be in input to whether the volatility limit should be true or false.
Indexes and commodities:
Lastly the system has to work on all commodities(including gold and silver) and indexes as available to trade by XM brokers.
Testing
I am going to use the coded algorithm to back test data, run it on a demo account; and if there is no errors on a real account.
I would also have possesion of source code and programmer should be available for final tweaks and adjustments.
비슷한 주문
Hello, I am from Tanzania. I am looking for a professional MQL5 programmer from Tanzania who can help me develop and improve my automated MT5 trading robot. The project is called SMC XAVAGE AI, and it trades XAUUSD (Gold). I would like to discuss the project with you. Are you based in Tanzania? Would it be possible to arrange a meeting or a call? Thank you
Here is a professional specification you can send directly to your developer. # Project Requirements Specification: MetaTrader 5 Trading Robot Development ### 1. Project Overview I want to develop an automated Forex trading robot (Expert Advisor) for MetaTrader 5 (MT5). The robot should analyse the financial markets, identify trading opportunities, and execute trades automatically based on predefined strategies. ###
1. Platform: MT4 The EA required is not linked, neither depending on trading strategy nor trading signals nor indicators. 2. Initial order is a pending order (buy stop/ sell stop) and it is created manually. It is open for a specified symbol (pair) at a specified price with a specified S/L 3. Example: buy stop 0.1 lot GBPUSD @ 1.3085 WITH S/L @1.3075 Once target price is reached, pending order will
Overview: Build an MT5 Expert Advisor that receives webhook alerts from TradingView (RayAlgo indicator) across three timeframes ( H1, M5, M1 ) for XAUUSD and executes a dual-position strategy when all three conditions align, including strict FTMO server-request limits and automated pre-market-close trade closures. 1. Webhook Receiver & Multi-Timeframe State Logic: H1 Bias State: Updates to BULLISH or BEARISH upon
I am looking for an experienced trading software developer interested in building a long-term working relationship. Im a professional Trader, Coach and Mentor, I work with traders and Student who require customized trading solutions, including automated trading bots, Expert Advisors, custom indicators, trading strategies and other algorithmic trading tools. I am looking for a technically skilled developer who can
MT5 ICT XAUUSD Sell-Only Trading Robot with Fibonacci Confirmation I am looking for an experienced MQL5 developer to create a custom Expert Advisor (EA) for MetaTrader 5, specifically for trading Gold (XAUUSD). 1. Trading Strategy The robot must use the ICT trading methodology and focus on SELL trades only. The strategy should include: * Identify important resistance and premium zones. * Use Fibonacci retracement
Objective: I am looking for an experienced MQL5 quantitative developer to code an Expert Advisor (EA) from scratch based on a fully defined, rule-based strategy, and then rigorously validate, optimize, and stress-test it before I deploy it on a live VPS environment. Note: The exact mathematical rules, indicator names, and chart screenshots will be shared privately with shortlisted candidates. Strategy Overview
Hi Team We are looking to commission an Expert Advisor (EA) for MetaTrader 5 (MT5) to trade XAUUSD (Gold) . The EA requires tight risk management with a strict $2.00 Stop Loss and a $3.00 to $5.00 Take Profit target. The goal is to achieve a 60%+ Win Rate . Please propose or implement a strategy algorithm capable of meeting the following performance requirements on XAUUSD tick data: Target Performance: $\ge 60\%$ Win
a trading bot that can open and close trade by its self a stop loss of 1.2 lot size and good tp it should be able to learn trends and learn from its mistakes
JOB SPECIFICATION: Fully Automated ES/MES 5-Minute NY Opening Range Breakout EA 1. Project objective I am looking for an experienced trading algo developer to build a fully automated trading bot (EA) based on my specific 5-minute New York Opening Range Breakout strategy. The EA must identify setups, confirm breakouts, identify retests, confirm continuation, execute trades, calculate position size, place stop-loss and