Job finished

Execution time 13 hours
Feedback from customer
Truly amazing work, Super complex thinker and really goes out of the way to succeed. Really enjoyed working with Zihend Zhuang. Was really an awesome experience
Feedback from employee
He is a very patient, meticulous, reliable and wonderful person ! Thank you.

Specification

Expert Advisor Idea: Meta trader 5 only MT5

The main idea is to use a hedging system in order to secure open positions in the case that price moves against the trade. The strategy requires a double hedge to be placed once the initial trade has been executed, one above as a buy and one below as a sell. I use this strategy on Japanese candles with the help of round number zones. These Hedges are placed accordingly in order to set myself up for a running trend. 

An EA that will allow me to enter the market at a desired price (Specified on the dash trade panel) while applying a hedge to the position in both directions at a desired distance in points according to the EA's parameters. 

The rules for each trade position. There are four main rules that should apply to any open trade position including hedge orders:

  1. Open trade at market price request on initial trade.( dash trade panel) (Every other trade opened through the hedging system will function according to rules two to four)
  2. After a trade has been executed two hedging positions will be set in place. eg. 1000 points above open price (buy order) and 1000 points below open price (sell order). (These points are specified in the parameters) These "set hedges" should be executed only at market prices by the EA in order to avoid slippage incurred by pending orders.
  3. Once either hedge has been triggered the open trade will be set to breakeven ( Breakeven desired distance in points should be part of the parameters as I would like to be able to set my own distance at any time)
  4. Add a trailing stop to the open order by a desired distance in points (Trailing stop is part of the parameter options) (can also be switched on and off).

     

    • Trade executed 
    • Two hedge orders set (buy - set point distance above at Ask price) &  (sell - set point distance below at Bid price)
    • Breakeven after set distance has been reached - Cancel dormant hedge orders (cancelling dormant hedges I can do manually as well if this causes complications in the code)
    • Trailing stop will trigger after set distance in points 

      Same rules apply to each open position allowing the EA to place multiple trades in one single trend. Upon reversal or premature reversal open positions will be hedged and trailed from there, either into profits or at least breakeven.

      It is basically one repetitive rule on every trade position opened 

       

       

      Parameters: 

      • Hedge distance in profit points   10 - 5000 points
      • Hedge distance in loss points   10 - 5000 points
      • Lot size   0.01
      • Lot multiplier (1-10)
      • Trailing stop option (true/false)
      • Trailing Stop (in points) 
      • Stoploss option (in points) (true/false)
      • Take profit option (in points) (true/false)
      • Breakeven option (true/false)
      • Breakeven points in profit  
      • Breakeven points in loss  (if you're in loss by 1000 points, breakeven should be placed and if you're in the profit of 1000 points breakeven should be placed) This should happen at the same time in both directions

        Trading panel:

        • Market entry price buy / sell order buttons ( EA is required to note these manually entered price requests and then place those orders at desired market price and not as a pending order)
        • Lot size button  eg. 0.01
        • Stop loss
        • Take profit

           

          My current spread distance is 160 points . Each buy order needs to be executed at ASK price and sell order executed at BID price  

          Use SYMBOL variable for any market - Forex, Stocks. ect as I trade on the US30 market 95% of the time. 

          I do have several trading ideas behind the use of this EA and need to have each parameter and each option separate so that I may change settings according to the test I have in mind.

          I am not sure what it takes to create this sort of EA, I will be here at any point in order to answer any questions if you need clarity

          I am open to further negotiations 

          Attached panel image is for illustrative purposes

           


          Responded

          1
          Developer 1
          Rating
          (103)
          Projects
          119
          32%
          Arbitration
          4
          0% / 50%
          Overdue
          2
          2%
          Free
          2
          Developer 2
          Rating
          (337)
          Projects
          455
          52%
          Arbitration
          22
          50% / 27%
          Overdue
          5
          1%
          Loaded
          3
          Developer 3
          Rating
          (121)
          Projects
          155
          43%
          Arbitration
          20
          60% / 20%
          Overdue
          8
          5%
          Working
          4
          Developer 4
          Rating
          (119)
          Projects
          169
          38%
          Arbitration
          9
          78% / 22%
          Overdue
          15
          9%
          Free
          Similar orders
          Looking for an EA which can produce less than 5% drawdown. Also profit factor above 1.5 (preferably 2.0) Please give me proper explanation how your EA works too Has anyone programmed it before? is it limited to forex only
          I want to make a new dashboard using 3 common indicators and the ADX indicator , which you must supply I have a MA dash which you can strip & reuse if it helps you I tried to cover all questions in the attached but i'm sure there'll be more
          I want the script in mql5 language for my martingale strategy. The script should open trades in both directions buy and sell and if any trade closes in loss then open new trade in that direction by using the next volume and when trade closes in profit then reset the volume to first from volume list and also maximum consecutive losses limit will apply. If trades closes consecutively in losses and hits the limit then
          I installed the E.A. into the Experts folder in MT4. When I double click on it nothing happens. When I right click and "attach to chart" nothing happens. The E.A. is not grayed out, it simply will not attach. Any help would be greatly Appreciated
          hi hi there i have an strategy on tradingview and i want to automate it like metatrader EA so i want the strategy to open and close trade automaticlly on tradingview
          We are looking for an experienced Expert Advisor Developer who can build a customized MT5 Expert Advisor for us. The Expert Advisor would use two built-in indicators as entry/exit signals and our own risk management strategy with customizable inputs. The goal is to create a reliable and efficient trading tool that can automate our trading process on the MT5 platform. Skills required: - Strong understanding of
          The wiper 35 - 48 USD
          a ll traders want to find market behavior patterns, which could help identify favorable moments for performing trading operations. They also want to eliminate randomness and influence of external factors, such as rumors, news releases, fatigue, and so on. Traders monitor charts and may formulate some formal rules, which enable objective analysis of price or tick charts. Technical indicators can facilitate such
          I need EA that works on MT5 to be able to do the following: - Can recognize Support/Resistance area - Can recognize VWAP direction. - Can recognize RSI. - Can recognize Double Top/bottom, Bullish/Bearish hammer candle, Bullish/bearish engulfing candle. - Ability to set Stoploss below/above support/resistance, but risk must be fixed at a certain price. - Stoploss
          I want a program that will help calculate and enter the market on full margin for me. I just need to put in the price for entry, Stop loss and TP then it will calculate the lot sizes for entering the trade on full margin on Mt5
          I am seeking a highly skilled and experienced developer to assist with an important project. I need a development of an automated trading bot for NinjaTrader, utilizing a 4 SMA (Simple Moving Average) crossing strategy, with additional custom diversions for trade entries. The bot needs to be based on a strategy involving the crossing of four different SMAs. The exact periods for these SMAs and the conditions for

          Project information

          Budget
          100+ USD
          For the developer
          90 USD
          Deadline
          to 15 day(s)