All orders
Rules
Specification
PLEASE READ CAREFULLY BEFORE APPLYING TO CODE THIS JOB
1. EA Philosophy: the idea of this EA is to execute trades and breakeven by opening positions through hedging techniques (the two opposite trades must be placed same time using pending orders). This EA should be a scalper and generate volumes 100’s - 1000s of trade per day, generate up to 1000 lots per day trading the market and breakeven, no profit no loss. The eventual profit will come from rebates.
2. Instruments to trade: Major Currency Pairs- All Forex Pairs including Gold or XAUUSD.
3. EA to trade on ECN/Hegde account with tight spreads of 0-5 pips max.
4. EA must be fast in execution and avoid slippages, slippages will kill the goal of this EA if it doesn’t execute trades appropriately at a fast speed(High Frequency Trading)
5. EA Mechanism of operations:
a. EA Settings- Variable Input- starting -0.01 Lot and maximum 100 Lots as balances increases.
b. Money Management: Exit all trades if account balance goes below certain percentage e.g 60% -this should be a variable input. Also, double lot sizes for every 50% increase in account balance- this should be variable input.
c. Maximum position to open in both direction for buy and sell is equal e.g 500 -buy and 500 for sell- variable input.
d. EA to execute trades using pending orders of buy-stop and sell-stop.
e. EA opens trade for example EURUSD opening buy-stop order-1.18725 with 0.01 lot at 13 pips stop loss and 17 pips take-profit, and then open EURUSD sell-stop order-1.18674 with 0.01 17 pips stop loss and 13 pips take-profit such that both trades closes at ZERO-NO PROFIT/NO LOSS, in between both trades, the spread must be taken into consideration to ensure zero loss or profit. Looking at this example there’s a difference of 5 pips between the buy-stop and sell-stop order, hence each basket trade should be 0-5 pips max. apart.
f. All trade to close same day to avoid swap fees/commission in as much as they are zero profit/loss.
g. I am very open to ideas if Developer can suggest better techniques of operation than what I have described in 5e, the goal is achieve zero loss and zero profit, while generating volumes of trades and lots sizes for rebates.
6. Developer to Back Test EA with 99.99% data quality on “Every Tick” for 2 years period and show good results of zero loss or profit.
7. If EA Does not show a good expected result, the job will not be accepted and developer to adjust and optimize settings or algorithm to achieve result including bug fixes.
8. I need a very experienced developer with knowledge in Artificial Intelligence and machine learning to build/train the EA to identify better trading opportunities, automatically adjust settings and trade better over time to continue achieving zero loss/profit.
9. I would appreciate to work with a patient, honest and resilient developer, we communicate very often to clarify any grey areas and better ideas or strategies.