Development of a Loss Management System for MetaTrader 5

Description:

We are establishing a prop firm and looking for an experienced MQL5 developer to integrate a loss management system into our MetaTrader 5 platform. The system must apply to both demo and live accounts and include the following rules:

1. Account Blocking:
   • Trigger when the total loss reaches 10% of the initial capital.
   • Trigger when the daily loss reaches 5% of the capital at the beginning of the day.

Required Features:

• Real-time monitoring of trading accounts.
• Automatic account blocking upon exceeding the loss thresholds.
• User interface for configuration and monitoring.
• Email/SMS notifications upon account blocking.

Required Skills:

• Proven experience in MQL5 development.
• In-depth knowledge of MetaTrader 5.
• Ability to test and debug scripts/EAs effectively.

Documents to Provide:

• Examples of similar projects completed.
• Detailed development and integration plan.
• Client references or reviews.
• Source code: Full source code for the system to allow for future modifications and maintenance.

Budget: 8,000 EUR to 12,000 EUR, negotiable based on the developer's experience and the project's complexity.

Timeline: The project should be completed within 40 to 60 days.

Payment Terms:

• Milestone 1: 20% (2,000 EUR) upfront upon signing the contract.
• Milestone 2: 30% (3,000 EUR) upon completion of initial development.
• Milestone 3: 30% (3,000 EUR) upon successful testing.
• Milestone 4: 20% (2,000 EUR) upon final delivery and acceptance of the project.

Additional Terms:

• Regular progress updates are required.
• Full source code must be provided upon completion.
• Availability for post-delivery support and adjustments for a specified period (e.g., 30 days).