Multicurrency Trader EA MQL4 (Please don't bid if you haven't worked on multicurrency EAs)

MQL4 Experts Forex

Job finished

Execution time 42 days

Specification

  • EA is multicurrency pair EA (we need to discuss the best approach whether to build it for single pair or multi pair EA that scan basket of currency pairs)
  • EA follows simple martingale system. The EA will place a real trade in the market once certain number of pip movement is happened in one direction for a currency pair
  • Example EA will only place a real trade in the market for EURUSD if the pair will move 40 pips up or down
  • Until 40 pip movement is reached EA will place dummy trades that will be displayed in "Expert" tab of MT4
  • Dummy trading will work same as real trading e.g. for TP new trade opening etc.

 

  1. Scanning pairs: EA will scan all currency pairs listed for counting pip movement
  2. Dummy trades: EA will place dummy sequence of trades (that will appear in expert tab in MT4) for  the purposes of counting pip movement
  3. Market entry: Once the desired number of pips / levels are achieved for a currency pair, EA will place a real trade
  4. Max number of pairs: For example this is set to 3. The EA may scan 28 pairs but will only place real trades for maximum 3 pairs despite more than 3 pairs meet the criteria for real trades. This is for risk management purposes
  5. Correlated pairs:  The EA will refer to a table that has correlation % for currency pairs if the correlation between two pairs is more than 75% then EA will only place real trade for one of them based on ranking
  1. Dashboard: please see the sample below

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Project information

Budget
200 - 300 USD
For the developer
180 - 270 USD