Hello,
I need a professional developer to code an Expert Advisor (EA) for MetaTrader 5 based on a clean London Opening Range Breakout (ORB) strategy. I do not know how to code, so I need someone to make it for me. It would trade on a 5m TF, multiple pairs, idk how EA work, but if i adjust which pairs EA will trade and how much risk per trade would be great. I also atteched a file to make it easier to understand, cuz my ENGLISH NOT SOO GOOD.
The rules to the strategy.
1. We wait for the first 15 minutes of london sesssion (9:00-9:15 UTC+2), the bot then marks out the high and the low of the first 15 minutes of the london session.
2. For a BUY, bot waits for price to breakout of the marked range, a valid breakout should mean the price broke the marked range to the uppside and is atleast 1 pip outside the range, when the candle closes bot enters the trade. SL goes just below the ORB low and TP is set for 1/1,1 Risk Reward. Viceversa for a SELL position.
3. Bot would only take one trade per pair a day. If the ORB doesnt get broken out from in the first 4 hours after the London session, bot skips that day.
4.Bot Also closes all positions before the next day in case TP or SL were not reached.
For any questions, PM me.
Specifications:
London ORB Expert Advisor - MT5
Range
Marks the high and low of the first 15 minutes of the London session (09:00-09:15 London time)
Automatically follows London daylight saving
Input for broker server time offset
Range is drawn on the chart
Entry
Candle must CLOSE at least 1 pip outside the range (buy above, sell below)
Entry on that candle's close
Minimum breakout distance is an input (default 1 pip)
Stop Loss
If a wick broke the range but its candle closed back inside, SL goes beyond that wick
If there is no such wick, SL goes just beyond the range edge
Buffer beyond the wick/edge is an input (default 1 pip)
Take Profit
Fixed risk/reward ratio, adjustable (default 1:1.1)
Risk
Risk per trade as a percentage, adjustable any time
Choice of balance or equity as the basis
Lot size calculated automatically per pair
Trade Management
One trade per pair per day
If no valid breakout within 4 hours of 09:00 London, that day is skipped for that pair
All open positions closed at a set time before the next day (time is an input)
Pairs
Pairs list is an input, can be changed at any time
Delivery
Works in the MT5 Strategy Tester
Demo build provided for testing before acceptance
Not included in this order (available as separate work): trailing stop, breakeven, partial closes, news filter, additional entry conditions or filters.
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