EA market scalper detecting support and resistance on the M15 timeframe

Overview:

I am looking for a skilled developer to create an Expert Advisor (EA) that trades based on my strategy, which is centered around support and resistance breakouts with manipulation filtering. The EA will be optimized for short-term scalping with strict risk management and adaptability for both prop firm and live account trading.

EA Strategy Requirements

1. Market Scanning & Execution:

• The EA should analyze support and resistance zones.

• Upon a breakout, it should wait for manipulation to take place before executing a trade.

• It should then open a buy or sell order, targeting a quick 30-pip profit.

2. Stop Loss & Risk Management:

• Each trade must be protected with a 120-pip stop loss buffer to accommodate market volatility.

• A built-in recovery function is required:

• If a trade is lost, the EA doubles the risk to recover the loss.

• Once the loss is recovered, it reverts to the standard risk setting.

• If the worst-case scenario occurs (another loss), it resets back to the original risk setting.

• Risk settings should be customizable, allowing the choice between fixed lot size or percentage risk per trade.

3. Optimization for Prop Firms & Live Accounts:

• The EA should have an setting to adhere to prop firm trading rules such as not exceeding 5% daily drawdown giving 0.5% buffer just in case to avoid high drawdowns. E.g if a trade is lost at -2% before a profit buffer in a day it does not execute until the next CEST 12 am cycle. 

• A news filter should be included, allowing customization of a buffer window before and after high-impact (red folder) news events.

4. Avoiding Consolidation & Low-Volume Markets:

• The EA should detect and avoid consolidation zones where price remains within support and resistance without breaking out.

• It should only enter a trade on a retest after confirming a breakout and securing profit from the initial move.

5. Multi-Pair Compatibility:

• The EA should be versatile and able to trade multiple pairs, including XAUUSD (Gold) and BTCUSD.

6. Spread Filter & Execution Conditions:

• The EA should have a spread filter, ensuring it does not open trades when market spreads are too high.

Summary of Key Features:

✔ Trades Support & Resistance Breakouts – Avoids fakeouts & manipulations.

✔ Scalps for 30 pips profit – Uses a 120-pip drawdown buffer to maintain a high strike rate.

✔ Built-in Risk Manager & Recovery System – Adapts risk per trade to optimize profitability.

✔ News Filter – Prevents trading before and after high-impact news events.

✔ Avoids Consolidation Zones – Ensures trades only execute in high-probability areas.

✔ Works Across Multiple Pairs – Optimized for XAUUSD, BTCUSD, and other assets.

✔ Spread Protection – Does not trade when spreads are too high.

Attachments

I have included screenshots from my TradingView chart that provide a visual representation of how the EA should function. Key elements include:

• Resistance zones (Red) & Support zones (Green)

• Breakout zones (Red “B” for bearish & Green “B” for bullish)

• Retest detection (Red & Green “R” tags)

• Manipulation zones (Marked in Blue & Yellow)

• Take Profit & Stop Loss markers (PNL: Blue for TP, Red for SL)

The attachments illustrate how this strategy achieves high-probability short-term scalps, ensuring a high strike rate.

Final Notes (Please Read)

I am open to negotiating a fair price for this project. If you are interested in developing this EA, please DM me to discuss further details and pricing.

Looking forward to collaborating!

Best regards,

Hammad Chaudhry