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Hello, hope you’re doing well
Below is the scope of work and responsibilities for the project, so we can finalize the agreement before starting development.
Project Title:
Development of a Signal-Only Expert Advisor (EA) for MetaTrader 5 based on Smart Money Concepts (Order Block + CHoCH + Engulf)
Main Objective:
To build an analytical and signal-generating EA (no live trading) that automatically analyzes market structure and candle confirmations, sends trading alerts, and logs performance data for backtesting.
Developer Responsibilities:
- Develop the EA in MQL5 for the MetaTrader 5 platform.
- Use multi-timeframe logic:
- Structure timeframe: 15 minutes
- Trigger timeframe: 3 minutes
- Detect CHoCH (Change of Character), Order Blocks, and Engulf/Scoop candles according to the trading plan provided.
- Generate trade signals only after candle confirmation:
- On-screen text alert
- Sound alert
- Push notification to mobile
- Log every signal to a CSV file, including time, direction, price, SL, TP, and result (for backtesting statistics).
- Calculate and display win rate, average RR, drawdown, and expectancy.
- Apply a time filter — the EA should only work between 09:00 and 12:00 server time.
- The EA must not open real positions — it only provides signals and logs them.
- Deliverables include:
- Compiled file (.EX5)
- Source code (.MQ5) if agreed upon
- User guide / setup instructions (TXT or PDF)
- Provide at least 2 weeks of support after final delivery for bug fixes or minor adjustments.
Client Responsibilities (Me):
- Provide the full trading plan and checklist for entries.
- Test demo versions and provide feedback at each stage.
- Release payments milestone by milestone after confirming functionality.
- Retain full ownership of the analytical logic and strategy as the original author.
If you confirm these points, we can move to the contract stage and begin Phase 1 of the project.
Please confirm your agreement so I can initiate the first milestone payment.
Best regards,
SIAMAK GHASEMKHANI
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