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Rules
Specification
Hello to all,
I'm looking to create an EA for strictly metals and indices.
This Expert Advisor must be able to stay on 24/5. I understand that these markets are very volatile. This EA must be able to trade consolidations periods and adapt to trending conditions.
The EA is going to be used for Prop Firms meaning that they have to follow a strict set of rules.
Those rules include:
- Daily Draw Down: No more than 5% of initial capital
- Maximum Loss: 10% of initial capital
In order to successfully pass the prop firm challenge, I have to meet the following rules:
- 10% profit of initial capital in 30 days without violating the rules listed above
This EA also needs to have set files for different capital amounts. The set files I need for the initial capitals will be listed below:
- 10k
- 25k
- 50k
- 100k
- 200k
The preferable time frames I'm looking to trade this on is:
- 1 Min
- 5 Min
I currently own an Expert advisor that trades Asian session and it's doing very well but when it comes to trending markets, the EA doesn't perform very well as the account goes into massive drawdown and due to the strict rules of the prop firms, I wouldn't successfully pass the challenge. Overall, I'm looking for an EA with sustainable drawdown and a realistic monthly profit percentage.
As mentioned, above I would like set files. Each set file will be based off percentage in accordance with the starting capital.
Example # 1
Starting Captial: 100k account
Maximum Daily Loss: May not exceed $5,000 (5%)
Maximum Loss: $10,000 (10%)
Profit Target in 30 days: $10,000 (10%)
Example # 2
Starting Captial: 10k account
Maximum Daily Loss: $500 (5%)
Maximum Loss: $1000 (10%)
Profit Target in 30 days: $1000 (10%)
The most important thing that I need these set files to have been that they have to be CUSTOMIZABLE. They need to be customizable in order to suite a person's risk tolerance.
Below I will attach what settings I would like the EA to have OR if you can better it.
I'm not looking for any strategy in particular as long as it meets the parameters listed above (Preferably Intraday)
Due to following such strict parameters, I need to be able to back-test it and forward test it. There needs to be a sustainable equity/Drawdown curve as the following image attached.
If all goes well in developing the EA and it's tested in the live markets and shows it to be profitable, I will consider creating licensing keys to ensure the files are not leaked without proper payment and consider making others EAs with developer.
**Also, the EA must be customizable where I can name the EA and include my logo picture like the ones listed on MT5 Expert Advisors for sale.**
I have the strategy down pretty good. The only thing I don't know how to do is code it.
Please let me know if any other information is needed in order to create this EA.
Thank you in advance,
Manuel E Carreras
