Need to code a trend-follow breakout EA based on simple math parameters- MT5

MQL5 Experts

Specification

I have prepared a detailed document but the summary is as below: MT5 EA

Creates a formula based price band at upper and lower level for the day and if price breaks out from these levels, then take the buy or sell trade

Three types of entries:

1.      Aggressive mode: Entry if price crosses upper boundary then instant trade execution

 

2.       Regular mode: If any candle body or wick closes above upper boundary, execute buy on candle close price if above (1/5/15/30 min chart etc)

-Buffer% parameter: Add a percentage of price as a buffer above the line and if the buffer is crossed then execute the buy

 

3.       Conservative mode: Buy: On 1/5/15min chart, record the high of candle that first crosses the upper line and this candle high level is the “breakout level”

Buy condition: If subsequent 1/5/15min candle crosses and closes above the “breakout level” then trigger buy at candle close

For example: First candle crosses  upper boundary and makes a high of 35000 (breakout level). When next candle crosses and closes above 35000 level, then instant buy on next candle open is executed



And few more generic EA parameters to be included

·       Add SL TP and Trail

·       Make back testable and optimizable on multi thread mt5 platform

·       Basic dashboard display- entries, P&L

·       Should work correctly with proper decimals for all currency pairs, indices, crypto

·       Parameter for intra/positional (hold overnight yes/no)

·       Number of entries per day/session (should correctly calculate the session as per broker)

·       Each chart should have one expert and work independently of the other charts, auto magic ID

·       News filter on/off, avoid trade during red/3 star news

·       Prop firm compliant – able to set max DD per day/max monthly DD, in %age and not trade further than that

·       Risk per trade setting in %age (1% per trade etc)

·       Spread filter – no trades when spread is greater than set level

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Project information

Budget
30 - 80 USD
For the developer
27 - 72 USD
Deadline
to 6 day(s)