An Expert Adviser based on Fibonacci Retracement

Termos de Referência

I want to design an EA that can identify key Supports and Resistances. This should be able to work on any timeframe from 1 minute to 1 hour (i.e 1 minute, 5 minutes, 15 minutes and 1 hour time frames.)

The EA should be able to determine a Fibonacci retracement from a support and the  next resistance point in an uptrend and vice versa (i.e

the EA should be able to determine a Fibonacci retracement from a resistance and the next support point in a down trend.)

When the market reaches the Fibonacci 50.0 - 61.8 zone and unable to break beyond this zone after say three candles close within the zone then the EA should execute even If any of these three candles breaks beyond this zone and still refuses to close beyond the zone, the EA should execute as long as three candles consecutively are unable to close beyond the 61.8 line and closes within the 50.0 - 61.8 zone. The execution in an uptrend will be a buy and in a downtrend will be a sell.

In a case where 1 or 2 candles close within and the third one closes within the 38.2-50.0 zone, wait until the market has another 3 consecutive candles close within the Fibo 50.0-61.8 zone before execution.

The moment any candle closes beyond the 61.8 line, ignore this retracement and wait for another set up entirely. 

In an uptrend market the Fibonacci should take reading from the highest point in the body of the topmost candle in the resistance point and the lowest point in the downmost candle in the support point  and vice versa in a downtrend. The wicks should be ignored.

When there is current open trade and the set up aligns in an opposite direction, EA should close the current open trade and open a new trade in the opposite direction.

I want to be able to set my stop loss to a fixed value and take profit at Fibo 0,0 level. I should be able to set a fixed lot size and maximum daily risk daily (i.e once maximum daily risk or drawdown has reached, EA should stop for the day).

I should be able to set a time in which EA will run, for example  06:00 hours to 18:00 hours broker time everyday. At the set time for EA to close, EA should close running trade either in profit or loss. For this example once it's 18:00 hours broker time, EA should close any running trade.

I should be able to set minimum pips for the fibonacci retracement for the EA before execution is allowed. For example, if Fibonacci retracement from 0.0 to 61.8 is less than 100 pips on XAUUSD then EA should not execute even though all parameters align. I want this to avoid overtrading that can occur due to every small Fibo retracement.

If there is an open trade and another set up occurs in the same direction, the EA should ignore this set up to also avoid overtrading. No two trades should run at the same time. EA can only open another trade if the set up occurs in an opposite direction and the current open position should be closed before opening the new trade.

Lastly if it is possible for this to work is such a way that no other trade can be placed except the one executed by the EA, evey manual trade executed should be disallowed. I will strictly be using this for gold.

Thank you.


Respondido

1
Desenvolvedor 1
Classificação
(18)
Projetos
22
9%
Arbitragem
6
33% / 50%
Expirado
1
5%
Trabalhando
2
Desenvolvedor 2
Classificação
(504)
Projetos
971
74%
Arbitragem
27
19% / 67%
Expirado
100
10%
Carregado
Publicou: 1 artigo, 6 códigos
3
Desenvolvedor 3
Classificação
(9)
Projetos
12
8%
Arbitragem
3
33% / 67%
Expirado
1
8%
Trabalhando
4
Desenvolvedor 4
Classificação
(16)
Projetos
35
23%
Arbitragem
4
0% / 50%
Expirado
2
6%
Trabalhando
5
Desenvolvedor 5
Classificação
Projetos
0
0%
Arbitragem
0
Expirado
0
Livre
6
Desenvolvedor 6
Classificação
(2)
Projetos
2
100%
Arbitragem
1
0% / 0%
Expirado
0
Livre
7
Desenvolvedor 7
Classificação
(104)
Projetos
167
25%
Arbitragem
23
9% / 78%
Expirado
16
10%
Trabalhando
8
Desenvolvedor 8
Classificação
(60)
Projetos
87
29%
Arbitragem
24
13% / 58%
Expirado
7
8%
Trabalhando
9
Desenvolvedor 9
Classificação
(73)
Projetos
257
53%
Arbitragem
16
50% / 38%
Expirado
83
32%
Livre
10
Desenvolvedor 10
Classificação
(3)
Projetos
4
0%
Arbitragem
1
0% / 0%
Expirado
0
Livre
11
Desenvolvedor 11
Classificação
(309)
Projetos
555
35%
Arbitragem
79
32% / 42%
Expirado
201
36%
Trabalhando
12
Desenvolvedor 12
Classificação
(12)
Projetos
16
13%
Arbitragem
4
50% / 25%
Expirado
4
25%
Trabalhando
13
Desenvolvedor 13
Classificação
Projetos
0
0%
Arbitragem
0
Expirado
0
Livre
14
Desenvolvedor 14
Classificação
(32)
Projetos
32
63%
Arbitragem
1
0% / 0%
Expirado
1
3%
Trabalhando
Publicou: 5 códigos
15
Desenvolvedor 15
Classificação
Projetos
0
0%
Arbitragem
0
Expirado
0
Livre
16
Desenvolvedor 16
Classificação
(8)
Projetos
17
41%
Arbitragem
2
0% / 100%
Expirado
4
24%
Trabalhando
Pedidos semelhantes
I need a MetaTrader 5 Expert Advisor (EA) for Forex trading. Account size: $1000 Requirements: 1. The EA should work only on Forex pairs. 2. Automatic Buy and Sell trades. 3. Lot size starting from 0.04. 4. Stop Loss and Take Profit settings. 5. Only one trade at a time. 6. Works on pairs like EURUSD, GBPUSD, USDJPY etc. 7. Risk management suitable for a $1000 account. 8. Easy settings for lot size, SL, TP and risk
Product Requirements Document (PRD) Project Title: Liquidity Sniper Semi-EA (Fibonacci & SMC Based) Platform: MetaTrader 5 (MQL5) Target Asset: XAUUSD (High Volatility) / M5 Timeframe 1. EA Operating Concept (Semi-Automated) Human-Machine Collaboration: The trader manually draws a standard Fibonacci Retracement object on the M15 chart to define the market structure (setting the 1.0 and 0.0 anchor points). EA's Role
Short Description: I am seeking an experienced MQL4 developer to build a high-frequency Asymmetric Salami Grid EA . This is a sophisticated volatility harvester, not a basic martingale. Key Features to Implement: Virtual Grid Execution: No pending orders; all logic handled in-memory via OnTick . Asymmetric Lot Sizing: Trend-side degression vs. Counter-trend progression . Salami Partial Liquidation: XX% of profits
I am seeking an experienced MQL5 developer to build a high-precision Gold (XAUUSD) scalping Expert Advisor. The objective is to achieve a Profit Factor (PF) of 2.0 or higher with a focus on institutional logic rather than retail lagging indicators.The EA must be designed to pass a "100% Real Ticks" backtest (Exness/Dukascopy data) over a 30-day period with a $500 initial deposit.Core Requirements & Strategy
Title: Design and Development of an Automated Forex Trading Robot Using MQL5 and Machine Learning Techniques Abstract: This project focuses on the design and development of an automated Forex trading robot that integrates MQL5 programming and machine learning techniques. The system aims to predict market movements and execute trades automatically, minimizing human error and emotional trading. By leveraging historical
Chin 30 - 300 USD
i want to add the 30m time frame in the ema section high ema is 1h low ema is 5m i want u to add a mid ema so i can use 3 time frames
I’ve been following your profile and I'm interested in your expertise with the ATAS API and C# development. I have a clear technical scope for a high-performance M1 indicator focused on Binary Options and Scalping. ​The core logic is based on institutional Order Flow convergence: ​Stacked Imbalances: 300% ratio with a minimum of 3 consecutive levels. ​Delta/Price Divergence: Filtering for market exhaustion (New Highs
Hello, Please read the full specification before applying. This project is NOT about building an EA from scratch. I already have a fully working MT5 Expert Advisor. The EA already includes a dashboard, risk management, and some protection systems, but it needs a few more features . So I need an experienced MQL5 developer to modify my existing MT5 EA by replacing the current entry logic with a new breakout strategy
Copying third party from telegram. I have quite a number of them There is many different of them, I will consolidate all of them and send you Usually is a price range, so when hit the range will trigger Option for both fix or scale with equity I would like to have both, option to choose to follow the SL/TP signal provided or not This copier will trigger my DCA bot function. So don’t need set max position limit and
can you help me with editing the existing ATR Trailing Stop Indicator to include a logic to include additional script, where my ninZaRenko bars when it closes above OR below the dynamic stop line, I will be out of trade. Please remember, in this Indicator, now when the price touches the stop line, I am stopped out .. . I want to edit the script, in lieu of the price touch, I like to update this logic to when the bar

Informações sobre o projeto

Orçamento
30+ USD
Prazo
para 5 dias

Cliente

Pedidos postados1
Número de arbitragens0