Development of an HFT Robot for Prop Firm Challenge with Specific Features

Dear Developer

I am seeking your expertise to develop a High-Frequency Trading (HFT) robot that is designed to pass a proprietary trading firm's evaluation criteria within a few days. The robot must be equipped with advanced risk management features, including low drawdown parameters, an equity protection mechanism, a news filter, and a user-friendly, colorful dashboard for monitoring performance. Below, I outline the essential features and requirements:

1. High-Frequency Trading (HFT) Algorithm:

• The robot should execute a high volume of trades with precision and speed.
• It should be optimized for the lowest possible latency, considering the possibilities of colocation services if necessary.
• The strategy should be backtested with historical tick data to ensure robustness and be capable of adapting to different market conditions with low slippage and tight spreads.

2. Low Drawdown Strategy:

• The core trading algorithm should prioritize capital preservation with a strict low drawdown strategy.
• The target maximum drawdown percentage must be configurable within the robot's parameters to meet the proprietary firm's trading rules.

3. Equity Protection Mechanism:

• Implement an equity protection feature that automatically halts trading if the account equity falls below a predetermined threshold percentage of the account balance.
• This feature should protect against unforeseen market volatility and ensure compliance with the drawdown limitations set by the prop firm.

4. News Filter:

• The EA should have a built-in news filter that can access an economic calendar and avoid trading before and after high-impact news releases.
• The news filter should be customizable, allowing for the adjustment of the pre and post-news trading suspension period.

5. Colorful Dashboard Interface:

• Develop a visually appealing and informative dashboard that displays real-time information on the robot's performance, including but not limited to current trades, P/L status, account balance, equity, and drawdown.
• The dashboard should be intuitive and user-friendly, providing quick access to essential functions and settings.

6. Additional Requirements:

• The robot must comply with all the trading rules and leverage restrictions of the targeted proprietary trading firm.
• It should include a detailed log feature to review trading decisions and adjust strategies as necessary.
• Comprehensive documentation on how to install, configure, and operate the robot, including a guide for the dashboard, must be provided.

7. Testing and Validation:

• The robot should be rigorously tested in a simulated environment that closely mirrors the prop firm's trading conditions.
• Before final delivery, I will require a trial period to validate the robot's performance through backtesting and forward testing in a demo account setting.

8. Timeline and Communication:

• Please provide an estimated timeline and cost for the development of this robot.
• Regular updates on the progress, with milestones and deliverables, would be appreciated.

I am aware of the complexity and challenges involved in creating such a sophisticated trading robot. Therefore, I am looking for someone who has a proven track record in developing successful high-frequency trading systems. Please let me know if you require further details or have any questions regarding the project.

I look forward to your response and hope we can work together to develop a successful trading tool.

Best regards,