Forex Expert Advisor (EA) Developer for High-Return, Low-Drawdown Algorithm

Position: Forex Expert Advisor (EA) Developer

Project Type: Short-Term Development with Testing Phase

Platform Compatibility: MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

Project Summary

Seeking an experienced developer to create an Expert Advisor (EA) capable of generating consistent, profitable monthly returns in the Forex market with minimal drawdown. The EA should be optimized to trade at least three currency pairs, offering both short-term profitability and long-term stability. Developers with a proven track record in developing Forex algorithms who can demonstrate the EA’s effectiveness through backtesting and demo testing are welcomed.

Key Requirements

Profitability Target:

Monthly Return: Primary EA targeting 25–30% monthly return on an initial $1,000 balance with a secondary, lower-risk version targeting 5–10% monthly return.

Drawdown Control: Minimal drawdown is essential for both versions.

Risk Management & Stability:

The EA must incorporate strategies for controlled risk, low drawdown, and account protection features.

Currency Pairs:

The EA must handle at least three currency pairs efficiently, with recommendations for optimal pairs provided by the developer.

Deliverables:

EA File: Provide both .ex5 and .ex4 files for compatibility with MT4 and MT5.

Input Parameters: Suggested input parameters optimized for best performance.

Backtesting Data: Submit backtesting results in the form of screenshots or videos, demonstrating both profitability and low drawdown across different market conditions.

Demo and Evaluation Testing Phase:  The EA will undergo rigorous backtesting on recommended pairs to assess profitability, risk control, and stability.

A free demo or rental option should be available to allow for thorough testing of the EA before purchase. 

Testing Duration: The EA will undergo at least a few days of live demo testing period following backtesting to assess simulated real-time performance, stability, compared to live market conditions.

The EA must be adaptable to live trading environments, with ongoing support provided if needed to match backtesting results on a live account.

Trading Strategy Overview:

A brief description of the trading strategy used in developing the EA is required, covering factors like:

Risk management tactics.

Market conditions under which it performs best.

Any special algorithmic features (such as AI or machine learning elements, if applicable).

Support:

Developers should provide reasonable post-delivery support to ensure the EA operates as expected in live trading conditions.

Assistance with optimization on other brokers if discrepancies arise.

If you have a high-performing EA that meets these criteria and aligns with the outlined specifications, please submit your application along with the required materials and a brief introduction to your Forex development background.