High-Frequency Trading Algorithm Development for cTrader (cAlgo)

Job Description

We are seeking an experienced cTrader algorithm developer to create a High-Frequency Trading (HFT) robot capable of passing a proprietary trading firm’s challenge account. The bot should primarily trade on US30 (Dow Jones Industrial Average) and DE40 (DAX) on a 1-minute chart using pending orders. The algorithm should demonstrate robustness, efficiency, and adherence to the prop firm's rules.

Key Requirements

1. Platform: cTrader, using cAlgo and C# with .NET 6.0 compatibility.
2. Instruments:
   • US30 (Dow Jones Industrial Average)
   • DE40 (DAX)
3. Timeframe: 1-minute chart.
4. Order Type: Primarily pending orders with proper risk management settings.
5. Strategy Requirements:
   • Must leverage momentum and volume-based triggers for order placement.
   • Include time-sensitive execution logic to ensure trades are aligned with fast-moving market conditions.
   • Ability to cancel unfilled pending orders after a predefined time.
6. Risk Management:
   • Dynamic Stop Loss (SL) and Take Profit (TP) levels.
   • Risk-per-trade control based on the account balance.
   • Maximum drawdown controls to adhere to prop trading rules.
7. Challenge Rules Compliance:
   • Daily and overall drawdown limits.
   • Profit target achievement within the specified timeframe.
   • Restricted maximum trade sizes as per proprietary trading rules.
8. Technical Specifications:
   • High-speed execution with minimal latency.
   • Compatibility with cTrader’s built-in backtesting and optimization features.
   • Modular design for easy parameter adjustments.
9. Testing:
   • Perform rigorous backtesting and provide detailed performance reports.
   • Conduct live simulations on demo accounts to verify real-world performance.

Additional Features

1. Logging & Monitoring:
   • Real-time trade logging for all executions, errors, and key events.
   • Dashboard displaying trade statistics, daily profit/loss, and risk metrics.
2. Adjustable Parameters:
   • Lot size (default 0.01).
   • Time restrictions for operation (e.g., 9:30 AM to 4:00 PM UTC).
   • Thresholds for entry triggers (momentum, volume).
3. Support for Scalability:
   • Easy integration with VPS or cloud servers for 24/5 operation.
   • Optimization for high-throughput trading.

Desired Qualifications

• Strong experience in cAlgo and C# development.
• Proven track record of developing profitable trading algorithms.
• Understanding of high-frequency trading principles and low-latency coding.
• Familiarity with trading challenges and proprietary trading firms' rules.

Deliverables

1. Complete cBot source code with proper comments for future customization.
2. Detailed user guide explaining:
   • How to set up and run the algorithm.
   • Key parameters and optimization techniques.
3. Backtesting results on historical data for US30 and DE40.
4. Recommendations for VPS setup to ensure minimal latency.

Budget and Timeline

• Budget: [Specify your budget].
• Deadline: [Specify your desired completion date].

Application Process

Please provide:

• A portfolio showcasing previous trading bots or related software.
• A brief explanation of your approach to HFT bot development.
• References or testimonials, if available.