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This proposal seeks to develop an MT5 EA that Uses Moving Averages, RSI & weekly/monthly and yearly highs/lows to Enter trades, and normal stop loss/trailing stop to exit/close trades.
This EA uses several strategies, and each can be run independently of the other or run together.
1) Grid Martingale will be used in one of the strategies. There is also a strategy I call modified martingale.
2) Dynamic lot sizing (compounding) will be implemented in the EA
3) Trailing stop loss will be an option to close trades in one of the strategies. So you need to know how to integrate this.
4) The overarching principle for both strategies will involve use of multiple moving averages on different timeframes
5) Multiple forex, stock, crypto, commodities, etc pairs will traded simultaneously based on user's input
6) News Filter will be a key feature of the EA, though the EA should also be able to trade during news events
7) There is a drawdown control feature as well as a trade recovery feature.
8) Different conditions of how to close trades at end of trading session and before news event
9) Source code will be needed along with the EA
10) It will include different means of take profit including trailing stop
11) Ability to select trading days, It could be the 7 days of the week.
13) A very robust dashboard that can be resized as per the specified settings.
14) The EA will do both sell and buy
15) Note that will be moving average indicators on up to six timeframes that will be used for trading. The MAs could be EMA or SMA. The option should be in the EA.
16) Many other things that will be specified in the detailed document that will be shared with shortlisted candidates,
17) The EA is COMPLEX; hence it will require someone with considerable experience especially with complex EAs. Please note that what makes it complex is not that it uses MAs, RSI, etc to trade. The complex nature revolves around how I have proposed the EA to operate.
Please if you are responding to this job post, do well to provide details or evidence of some of the complex jobs you have worked on in the past. It will help me easily and quickly choose the best candidate.
Also note that amount and time duration quoted in this job posting are placeholders. These will be corrected to reflect the agreed final price and duration after the shortlisted candidates have gone through the proposal. Kindly note that whatever duration you are proposing for the job (if you happen to be shortlisted) should include 4 – 7 days for testing. I would not appreciate sending me the EA a day to the expiration of the time and pressuring me to test so the job can be closed on schedule.
The detailed strategy proposal in a pdf format will be shared with the shortlisted candidate.
I am willing to clarify any point that is not clear after you may have gone through the proposal
Please note that I will be biased towards developers that have no or minimal jobs in arbitration, for obvious reasons.
Developers that speak and write fluent English would be appreciated.
You can share some of the complex jobs you have done to make my decision easier. and faster.
Please note that after we have agreed on amount and duration, I won’t be inclined to changes to them unless I made a modification to the proposal. I will not be keen on increasing the amount or time based on “I didn’t know the project was like this when I gave my initial estimates” excuse. That is why you should take your time to read the proposal and ask all the clarifying questions.
Thank you!