Setting up a contrarian trading strategy

Termos de Referência

This project will be carried out in two phases

Part one: Contrarian trading strategy
Part two: Implement a control panel that will be displayed on the MT4 platform screen, including the required elements.



What is a contrarian trading strategy?

It is an investment approach that goes against the general market consensus. In other words, contrarian traders buy when 
the majority of investors are selling, and vice versa. They operate on the assumption that when everyone is optimistic 
(or pessimistic) about an asset, the price is likely to have already factored in this information, and future surprises 
may occur in the opposite direction


THIS SOFTWARE IS BASED ONLY ON MT4

I want the control panel to be displayed on the MT4 platform screen.


I want a control panel that allows monitoring the activities of my robot in real-time and virtually. 
Here are the main features of this control panel:

Transaction Dashboard: View at a glance the transactions performed by the robot, including open, closed, 
and pending orders.

Activity Log: Access a detailed history of the robot’s actions, including information on trading decisions, 
market conditions at the time of transactions, and the results achieved.

Trading Settings: Modify the robot's parameters, such as profit-taking thresholds, stop loss levels, 
entry and exit criteria, and risk management settings.

Data Visualization: Utilize clear visualization tools to quickly understand the robot's performance and settings.

Real-time Monitoring: Track ongoing transactions, open positions, pending orders, and trade history.

      The following are the specific goals of the project:

The purpose of this project is to create a trading bot that can automatically trade financial assets. The bot will be programmed to follow a specific 
trading strategy, and it will be able to make trades without human intervention. 

A trading robot for virtual and real trading with the contrarian trading strategy

Contrarian trading strategy is a strategy that involves taking positions that go against the prevailing market trend.


This robot opens buy and sell transactions in virtual and real  using technical indicators at specific entry and exit points based on the direction of 
the financial market.


Trading robots must open virtual buy and sell transactions on all active markets available on MT4. Once the virtual transactions are open, 

I want the robot to analyze the virtual positions and convert them into real position


Specific Project Objectives: The goal of this project is to create a trading robot capable of automatically trading financial assets. The robot will be programmed to follow a specific trading strategy and will be able to make trades without human intervention. A trading robot for virtual and real trades with the contrarian trading strategy. The contrarian trading strategy involves taking positions that go against the general market trend. This robot opens buy and sell trades in virtual mode first and then real mode using technical indicators at specific entry and exit points based on the direction of the financial market.

The trading robots need to open virtual buy and sell trades on the active currency pairs available on MT4. Once the virtual trades are opened, I want the robot to analyze the virtual positions and convert them into real positions. Step 1: The trading robot makes virtual buy or sell trades against the market trend using the RSI indicator to find entry and exit points. The virtual trading robot sells when the RSI reaches 70. The virtual trading robot buys when the RSI reaches 30. Step 2: My trading strategy is to take buy or sell positions against the trend of the financial market in virtual mode first. Step 3: Once the virtual trades are opened, I want the robot to analyze the virtual positions and convert them into real positions. EXPLANATION IS AT THE BOTTOM Step 4: Once the virtual trades are opened, the trading robot needs to observe the price movement of my virtual position.

Normally, my virtual buy or sell trades should be in loss because I have taken a position against the trend of the financial market. Step 5: When my virtual buy or sell trade is in loss, the virtual trading robot must wait for the losing price to drop to 0.00 on my active VIRTUAL trade. Step 6: Once my virtual position reaches 0.00, the trading robot must wait for 1, 2 or 5 minutes before validating a real position on the chosen virtual asset.

Example: Here is an example of opening a virtual trade with a loss of $500 to the upside. To convert this virtual trade into a real trade, the trading robot must wait for the price of $500 to drop to 0.00. When the price of a financial instrument reaches 0.00, a timer will start to track the downward direction. The timer will run for 1, 2, or 5 minutes to ensure that the downward trend is confirmed before the virtual trade is converted into a real trade. The trading robot must constantly monitor the price and act as soon as the price reaches 0.00 to start the timer. The timer will run for 1, 2, or 5 minutes to ensure the direction of the chosen trend. When the price of a financial instrument reaches 0.00, a timer will start.

If my virtual trade does not change direction for 1 hour, it will be automatically closed and a new trade will be opened, following the RSI settings for virtual trade openings. If the market trend is up and the virtual trading robot makes a down trade, and the market is still up after 1 hour, then the down trade made by the virtual trading robot is automatically canceled. Virtual trades are automatically closed after one hour if the market trend does not reverse. Virtual mode imposes a one-hour time limit on open positions, unless the trend changes.

A robot that automatically takes positions on multiple currency pairs without having to drag and drop the EA file onto each chart in MetaTrader. A multi-currency EA, which monitors multiple pairs simultaneously and opens positions as soon as the trading criteria are met. I don't want multiple charts: I don't want to open a chart for each currency pair. I want an EA that works from a single chart and monitors all configured pairs.

Arquivos anexados:

Respondido

1
Desenvolvedor 1
Classificação
(45)
Projetos
91
13%
Arbitragem
34
26% / 59%
Expirado
37
41%
Livre
Pedidos semelhantes
AI Trading Bot 30 - 80 USD
Essential Components for Indicator Specification Objective & Overview: Briefly describe what the indicator calculates (e.g., trend, momentum, volatility) and its main purpose. Input Parameters (Variables): List all user-definable inputs (e.g., Moving Average periods, ATR multiplier) to avoid hardcoding values. Detailed Logic/Calculation Rules: Explain the formula or logic to calculate indicator values. Define
Hi, I hope you’re doing great. I’d like to share the project details. The original EA is already working, but I need you to first review and verify that all existing features are functioning correctly. After confirming everything works properly, the next task is to add a simple user dashboard that shows the number of detected zones, buy/sell/none status, and includes an ON/OFF button. Also, please make sure that
looking for Expert to create or ready made solution for bonus hedge auto set cross trading of opposite trading strategy. the expert may guide what max and best he can do to make the EA perfect
I need a mt5 Expert advisor ea to manage intraday trades with strict risk management. The EA must -Handle between 5 to 8 clean trades a day max altogether throughout all 3 sessions. no big news trading times and no overnight trades -Use 1% on forex pairs and upto 2% on XAUUSD risk per trade - Automatically calculate lot size based on stop loss -use fixed RR ratio [1:2] For forex pairs, the stop loss should be
Ninjatrdaer Script 500 - 1000 USD
I am looking to purchase a ninjatrader script, if there is any for sale, i mean a ready made ninjatrdaer script that trade futures, i need the seller to show me a backtest of the system, you know send some results, I would like to see a 1 year and YTD backtest
I need a clean, bug-free MT5 Expert Advisor (MQL5) based on this exact mechanical scalping strategy on M5 timeframe for EURUSD. Indicators (built-in): - EMA 9 and EMA 21 on M5 - RSI 14 - ADX 14 (>25 for strong trend) - H1 EMA 21 above/below H1 EMA 9 for trend alignment Entry Rules (ALL must be true): BUY: EMA9 crosses above EMA21 (on closed bar) + RSI > 50 + ADX > 25 + H1 EMA21 > H1 EMA9 SELL: Mirror (cross below
I will like to purchase tradingview strategy with high winning rate, i mean already made, tested and trusted and powerful strategy, i have tried to code my own strategy with lot of freelancers but nothing to me i am just wasting money, i have wasted lot of money already, so i need a high winning rate tradingview strategy, we can discuss price in chat, I will need to see some test result as well
Hi everyone, I am hoping that you would be able to help me with possibly an easy fix. I have exhausted all avenues to try and optimise a 3 min US100 / USTEC and convert from line script to MQL5 so I can automate through MT5. The trades are not correlating and there is a clear consistent discrepancy of approximately 123 minutes between a significant number of trades when comparing the same time period. I really hope
Pakayaku Robot Trading 30 - 200 USD
Revolusi Trading BTCUSD dengan Presisi Fibonacci & Ichimoku Kumo "Memperkenalkan Pakayaku Robot Trading , asisten cerdas yang dirancang khusus untuk menaklukkan pasar emas (XAUUSD) dan Bitcoin (BTCUSD). Menggabungkan algoritma Fibonacci Retracement untuk akurasi titik pantul dan Ichimoku Kumo sebagai filter tren global. Mengapa Memilih Pakayaku? Analisa Multi-Indikator: Menggabungkan Fibonacci, Ichimoku, dan
READ BEFORE MESSAGING PLEASE Developer Requirements (Strict): - Expert Level Only: This is a professional-grade, robust trading engine. Please do not apply if you are a beginner or intermediate developer. ​ - Asynchronous Proficiency: You must have deep experience with CTrade and handling asynchronous order execution (Requotes, Busy Servers, and Order Integrity Sync). ​ - Proven Track Record: I require a developer

Informações sobre o projeto

Orçamento
150 - 200 USD
Prazo
para 4 dias