Expert Advisor (EA) Development Specification

Platform: MT5 | Instrument: XAUUSD | Broker: IC Markets (ECN)

Style: High-speed scalping / short-term momentum | Timeframes: M1 & M5 | Operation: Fully automated, 24/5

Overview

We seek an experienced MQL5 developer to build a fast, reliable EA for live trading. The EA must:

• Detect symbol specifications automatically (digits, tick size, contract size)
• Operate continuously without manual intervention
• Follow logical, transparent, rule-based trading rules

Strategy

• Trend-following, momentum-based, market structure & price action entries
• Indicators allowed only as support, not main logic
• Developer must define trend, momentum confirmation, entries, and filters

Prohibited: Martingale, grid, hedging, loss averaging, holding losing trades without exit

Trade & Risk Management

• Market orders only, multiple trades allowed under control
• Stop Loss mandatory per trade
• Dynamic lot sizing (risk per SL distance)
• ATR/volatility-based SL/TP, break-even, trailing stops, partial profits
• Daily/overall drawdown & trade limits enforced

Execution & Stability

• Spread/volatility filters, slippage control
• Robust error handling, retry logic
• Consistent between Strategy Tester and live trading
• Mobile-friendly: clear trade labels, SL/TP, logging, alerts on MT5 mobile (iOS & Android)

Delivery

• Full source code (.mq5) only, well-documented, modular
• Verified Myfxbook or MQL5 monitoring link (≥6 months)
• Strategy Tester reports with high-quality ticks
• Developer must clearly explain trading logic, execution flow, and risk management