MQL5 EA creation based on Price Channel (Donchian Channel)

Работа завершена

Время выполнения 42 дня
Отзыв от исполнителя
Highly professional

Техническое задание

The rights and ownership of MQL5 EA and it's source code will belong 100% will belong to me. I will need the source code and when compiled, the EA must return no error. 


Requirements:

The EA must use and trigger sound alerts and trades on the break outs of the price channel (Donchian channel) as described below. 

The EA must use the ATR (Average True Range), 10 Price Channel (Upper and Lower channel only) and 20 price channel (Upper and Lower channel only) to make it’s calculations as described below.

Note: Price Channel is the same as the Donchian channel.

The EA must have the ability to alert 

EA must work on a 8 hours chart 

EA must leave detailed information in the journal and entry/exit on the chart

If there are any errors, it must print a message describing the error in the journal.

Trading behavior - First in first out (FIFO) must apply to each trade. 

Entry is calculated from <Entry_target> +/- of 20 price channel (based on the last candle closed). 

+ for buying into the market

- for selling into the market

Take profit

Take profit is calculated by 2 x ATR - <ATR_Factor>.

ATR_Factor is a numeric variable described in the input section. 

Stop loss (A)

All Price Channel measurements are taken from the last candle closed (aka the candle BEFORE the entry).

If the 10 Price Channel measure less than 200 pips (from Upper channel to Lower channel), the Initial Stop Loss is 80 pips away from the entry price. Verify that you are not within 30 pips of a local candle support/resistance, if so move the ISL 5-15 pips further away from the support/resistance. ***If local resistance/support is more 130 pips away then ISL is 100 pips. Local/support is determine by last 3 to 8 pips. ***

If the 10 Price Channel measure more than 200 pips (from Upper channel to Lower channel), the ISL is 175 pips away from the entry price.  Verify that you are not within 50 pips of a local  candle support/resistance, if so move the ISL 10-25 pips further away from the support/resistance. ***If local resistance/support is more 250 pips away then ISL is 200 pips. Local/support is determine by last 3 to 8 pips. ***

If the 10 day Price Channel measure more than 400 pips (from Upper channel to Lower channel), you can use one of 3 ISLs:

(A) 175 pips

(B) The chart's support/resistance; or 

(C) 2/3rds of the PC measurement.  

If the Initial Stop Loss is more than 225 pips away from price, use 1/2 of your normal lot size for the entry. 

If the Initial Stop Loss is more than 300 pips away from price, use 1/4 lot size.

Stop loss (B)

Stop loss is Y pips beneath the 10 price channel (Y is configurable).

Trailing Stop Loss (A)

The Initial Stop Loss doesn't become the Trailing Stop Loss until the 10 Price Channel has moved more than 30 pips away from the Initial Stop Loss, in the direction of the trade.

If, in between any two candles, the 10 Price Channel moves between 30 and 60 pips, then move the Trailing Stop Loss to the 10 Price Channel (+/-) 1/2 of the pip move.  The Trailing Stop Loss should be farther away from price than the 10 Price Channel.

If the 10 Price Channel plateaus for 6 candles, then move the Trailing Stop Loss to the 10 Price Channel (+/-) 5 pips.  

Trailing Stop Loss (B)

Trailing Stop Loss <TSL_value> pip below the 10 Price Channel

Inputs Variables: [Name and description]  

Entry target = The number of pips above or below the 20 price channel.  If the Entry value was set to 20. Entry would be  20 pips above the 20 price channel for buy orders and 20 pips below for sell orders.


Entry percentage (On/Off) = When selected, entry target value is the percentage multiplied by the distance from current 20 price upper channel (20UPC) - 20 price lower channel (20LPC) add to the 20 price channel (20PC) is the entry.  Formula: (20UPC-2LPC)x<Entry target>+/-(20PC)=Entry.


Lot_size_percentage = Percent based on the available funds in the account. Example: 10 would mean 10% of available funds for that trade. 


ATR_Factor =  Take profit is determined by the formula 2 x ATR - ATR_Factor.  ATR_Factor is number of pips subtracted from this formula. 


Stop Loss Rules A (On/Off) = When selected, Stop Loss is determine by rules in Stop Loss A. 


Stop Loss Rules B (On/Off) = When selected, Stop Loss is determine by rules in Stop Loss B. 


Trailing Stop Loss A (On/Off) = When selected, Trailing  Stop Loss is determine by rules in Trailing Stop Loss (A) Rules. 


Trailing Stop Loss B (On/Off) = When selected, Trailing  Stop Loss is determine by rules in Trailing Stop Loss (B) Rules. 


Debug_mode (On/Off) = Pauses trading and alerts me so that I can evaluate traded before it is executed. This should bring up a dialog to “Execute Trade or Continue Monitoring”



Откликнулись

1
Разработчик 1
Оценка
(361)
Проекты
644
26%
Арбитраж
92
72% / 14%
Просрочено
12
2%
Работает
Опубликовал: 1 пример
2
Разработчик 2
Оценка
(219)
Проекты
370
42%
Арбитраж
145
17% / 41%
Просрочено
124
34%
Свободен
Опубликовал: 38 примеров
3
Разработчик 3
Оценка
(195)
Проекты
395
28%
Арбитраж
155
20% / 52%
Просрочено
112
28%
Свободен
4
Разработчик 4
Оценка
(4)
Проекты
9
67%
Арбитраж
1
0% / 0%
Просрочено
9
100%
Свободен
Опубликовал: 3 примера
Похожие заказы
I am looking for an experienced MQL5 developer to build a high-frequency (HFT) latency arbitrage Expert Advisor for Pepperstone MT5 , using LMAX as the leading price feed. The initial focus will be on US30 (Dow Jones) , and if the strategy proves successful, I want the EA to be easily expandable to additional symbols such as NAS100, GER40, XAUUSD, major forex pairs, and other supported instruments. The EA should
QUIERO CONSEGUIR EL CODIGO FUENTE DE ESTE INDICADOR QUE ME GUSTA MUCHO TAMBIEN TIENE EL NOMBRE DE ET BANDS O ENTRY EXIT TIMING . no se los componentes pero estas son las imagenes. que mejor lo describen
Hello Developers, I want to build a custom Expert Advisor (EA) for MetaTrader 5 (MT5) to trade Gold (XAUUSD) and Bitcoin (BTCUSD). This will be based on my own custom strategy. Here are the project requirements: 1. Platform: MetaTrader 5 (MQL5) 2. Trading Assets: Gold (XAUUSD) and Bitcoin (BTCUSD) 3. Timeframe: Suitable for multi-timeframe execution (I will specify the exact timeframes in private chat) 4. Core
Standby Description . Prop Firm Environment . ( Monitor Execution and Handling Environment Changes as Required ) . Technical Issues . Delete extra lines of code (Clean Code , Folder) . Asset related translation , no need for Logic Alteration
EA Crafter 500+ USD
Act as a professional Quantitative Developer and Risk Manager. I want to build a systematic trading strategy rulebook that prioritizes capital preservation and statistical edge over raw performance. Please generate a structured trading strategy using the following framework: 1. ASSET CLASS & TIMEFRAME: - Asset: [e.g., Apple (AAPL), Bitcoin (BTC), or EUR/USD] - Timeframe: [e.g., 5-minute, 1-hour, Daily] 2. CORE
Part 1: Project setup Input settings (risk, stop loss, take profit, EMA periods) Indicator initialization Trade management framework Part 2: Trading logic EMA crossover detection Buy/Sell entry rules One-trade-per-symbol check Part 3: Risk management Automatic lot size calculation Stop-loss and take-profit placement Trade execution and error handling Part 4: Final touches On-screen information Optimization
Hello, I am reopening this project with a fully updated and clarified specification. I am looking for a high‑level MQL5 developer who can deliver a clean, stable, and professional Phase 1 version of my: Institutional‑Grade Multi‑Currency MT5 EA (A2SR + SMC + Smart Recovery + Smart Grid + Liquidity + Volatility + Safety Filters) This EA is not a simple indicator conversion or a basic strategy. It is a structured
I am looking for an experienced MQL5 or MQL4 developer with a strong background in low-latency algorithmic trading, market data integration, arbitrage and execution optimization. The project involves developing a high-performance HFT Expert Advisor (EA) for XAUUSD or US30 on IC Markets that is designed for robust execution in both demo and live environments. The EA may use market data feeds (such as lmax,one zero or
I am looking for an experienced MQL5 or MQL4 developer with a strong understanding of high-frequency trading (HFT) concepts who can explain how certain HFT-style strategies have historically been able to pass proprietary firm evaluations while also being profitable on demo accounts and capable of transitioning successfully to live trading. I am interested in understanding the legitimate trading logic, execution
Pine Script Integration Request (Experienced Coders Only) I am looking for a highly experienced Pine Script developer to integrate a Demand & Supply Zone module into my existing indicator. Requirements Keep my current indicator (Rudy) exactly as it is. Do NOT modify, remove, or alter any existing logic, calculations, signals, alerts, or visual elements. Add only the Demand & Supply Zone boxes from a second Pine

Информация о проекте

Бюджет
30 - 100 USD
Сроки выполнения
от 0 до 10 дн.