FreelanceSections

I need an Expert advisor for meta trader 5 based on engulfing patterns that is active only during certain time windows

MQL5 Experts Forex

Job finished

Execution time 2 days
Feedback from customer
Very patient and thoughtful with solutions to problems during EA development. Works very fast
Feedback from employee
Excellent customer. Thank you for the order, it was a pleasure working with you.

Specification

Trading system idea: Market entries performed when engulfing candlestick patterns appears at the high/low of the day

Requirements:

1. Buy Signal: A bearish engulfing candlestick pattern followed immediately by a bullish engulfing candlestick pattern at the bottom 50% of the daily price range (from 00:15 - signal generation)


2. Sell Signal: A bullish engulfing candlestick pattern followed immediately by a bearish engulfing candlestick pattern at the top 50% of the daily price range (from 00:15 - signal generation)


3. Stop loss

- is placed below the low of the day for a buy signal and above the high of the day for a sell signal. (include spread for sell signal i.e. SL = highest price point + spread)

- is placed based on ATR indicator

4. Take profit is placed at the high of the day for a buy signal and at the low of the day for a sell signal. (from 00:15 - position open time)

5. Positions are opened at the market price, when a new bar emerges. The Expert Advisor is to be tested using Open prices, so there is no need to add functions for disabling operations inside the bar. 

6. Additional filters EA only active during certain time window

7. Auto-lot calculation based on % balance risked per trade

**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.**


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Project information

Budget
100 - 150 USD
For the developer
90 - 135 USD