Advanced Grid Trading Expert Advisor with Chart and Candlestick Pattern Recognition for MetaTrader 5 (BTCUSD, M15)

We are seeking a proficient MQL5 developer to create an Expert Advisor (EA) for the MetaTrader 5 (MT5) platform. The EA will integrate advanced technical analysis, a grid trading strategy, and robust risk management to trade the BTCUSD currency pair on the M15 timeframe.

Core Features and Specifications:

1. Chart and Candlestick Pattern Recognition

• Pattern Identification:
  • The EA must accurately identify chart patterns such as:
    • Head and Shoulders
    • Inverted Head and Shoulders
  • Integrate a robust candlestick pattern recognition module to enhance entry signal accuracy.
• Timeframe and Asset:
  • Analysis should be performed exclusively on the M15 timeframe for BTCUSD.
• Customization:
  • Allow adjustable parameters for pattern sensitivity and confirmation thresholds.

2. Grid Trading System

• Execution:
  • Implement a grid trading system that opens 4 positions simultaneously upon receiving an entry signal.
  • Positions should have:
    • Equal lot size (configurable).
    • Identical stop-loss levels (configurable).
• Take-Profit Levels:
  • Assign incremental take-profit levels for the first three positions:
    • Position 1: Closest take-profit level.
    • Position 2: Intermediate take-profit level.
    • Position 3: Distant take-profit level.
    • Position 4: No take-profit to capture extended market movements.
• Parameter Adjustability:
  • Users should be able to adjust lot sizes, grid spacing, take-profit levels, and stop-loss values.

3. Trailing Stop-Loss

• Dynamic Adjustment:
  • When one or two take-profit levels are reached:
    • Automatically adjust stop-loss for remaining open positions to the breakeven point.
  • Trailing stop-loss should be configurable, allowing users to define the trailing distance.

4. Bi-Directional Trading

• Trade Direction:
  • The EA should identify potential buy and sell entry points simultaneously based on market conditions.
• Customization:
  • Enable users to enable/disable specific trade directions (e.g., only buy or sell trades).

5. Automated Trade Management

• Trade Setup:
  • Automatically calculate and set:
    • Take-profit levels
    • Stop-loss levels
    • Breakeven points
• Error Handling:
  • Ensure the EA manages invalid order entries or rejections with error notifications and retry mechanisms.
• Risk Management:
  • Implement maximum allowable drawdown and daily loss limits (user-defined).

Additional Features and Enhancements

• 1. Alerts and Notifications:
  • Real-time notifications (via email, push notifications, or terminal alerts) for:
    • New trade entries.
    • Take-profit or stop-loss activations.
    • Pattern identification.
• 2. Backtesting and Optimization:
  • Provide robust backtesting capabilities with historical data.
  • Include optimization features for refining parameters like lot size, grid spacing, and trailing stop-loss.
• 3. User Interface:
  • Develop a user-friendly interface for easy parameter adjustment within the MT5 platform.
• 4. Compatibility:
  • Ensure compatibility with multiple brokers supporting MT5.

Key Technical Requirements

• MQL5 Proficiency:
  • Strong expertise in MQL5 programming to develop, debug, and optimize the EA.
• Trading Strategies Knowledge:
  • In-depth understanding of grid trading systems, chart patterns, candlestick analysis, and risk management techniques.
• Robustness and Reliability:
  • Develop a stable EA capable of operating in live market conditions without errors or crashes.
• Performance Optimization:
  • Ensure minimal latency and high execution speed for rapid order placement and management.
• Security:
  • Protect the EA with licensing or an authentication system to prevent unauthorized use.

Deliverables

• Fully functional and compiled EA file (.ex5) for MT5.
• Source code (.mq5) with detailed comments and documentation.
• User guide explaining:
  • Installation and setup.
  • Parameter configuration.
  • Strategy details.
• Support for initial installation and troubleshooting.