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EA TRADING LOGIC
Indicators to Use:
1. Simple Super Trend (For entry signal).
2. Advanced Fractal (For stop loss, trailing stop loss and re-entry).
Details in the attachment.
Additional Features
- Risk Calculation:
- Option to manually input the lot size.
- Option to let the EA automatically pick the minimum lot size.
- Include a flexible risk calculation where the user can input the percentage of capital to risk.
- Account Restriction: Implement a feature that restricts the EA to one specific client account.
- Allow manual intervention (e.g., trailing stop or manual trade closure) without disrupting the EA's functionality.
- Automatically perform the following actions when an order reaches a 1:2 risk-to-reward ratio:
- Close half of the position (partial closure).
- Make this input optionable.
5. Include an option to select the trading mode:
- Buy Only
- Sell Only
- Both Buy and Sell
6. The number of pips/ points should be adjustable as an input parameter, when setting a stop loss.
7. Make the re-entry and trailing feature an optional input, so I can choose whether to use it or not.
8. Allow me to specify the risk-to-reward ratio for partial closing. I should be able to choose when the partial close happens—at a 1:1, 1:2, 1:0.5 ratio, or any custom ratio I input.
9. Add a toggle to switch between automatic and manual trailing stops, so I can disable the auto trailing if needed.
10. Close the Trade at a Specific Risk-to-Reward Ratio (R: R): (Take profit option.) I should be able to enable and disable this.
§ Add an option in the settings where you can choose a specific risk-to-reward ratio (e.g., 1:2) for the EA to automatically close the entire trade.
§ After the trade is closed, the EA will not immediately re-enter the same type of trade (e.g., a buy). It will only open a new trade if the opposite direction (e.g., a sell) is confirmed.
11. Move the Stop Loss (SL) to Break Even at a Specific R: R:
§ Add another option in the settings where you can choose a risk-to-reward ratio (e.g., 1:1) for the EA to automatically move the stop loss to the break-even point (the entry price). This helps secure your profits while reducing the risk of a loss if the market reverses.
Qualifications for the Developer:
- Extensive experience in MQL5 EA development with a proven track record.
- Strong understanding of forex trading concepts like risk management, lot sizing, drawdown, and strategy implementation.
- Ability to implement customizable parameters (e.g., risk percentage, lot size, pip thresholds, exit strategies).
- Skilled in creating EAs suitable for backtesting and optimization.
- Delivers clean, efficient, and well-documented code.
- Provides after-sale support for bug fixes and minor adjustments.
- Excellent communication skills for understanding and implementing requirements.
- Adheres to secure coding practices to protect trading strategies.
- Consistently meets deadlines and delivers on time.
- Works within the specified budget without compromising quality.