Freelance service at MQL5.com: Prevent Breaching Prop Firm Rules

Job finished

Execution time 28 days

Feedback from customer

Thank you very much. It was a pleasure to work with you and I hope we will realize even more projects.

Feedback from employee

Thank you so much for the order. Looking forward to more collaboration.

Description

Specification

I want to create an EA, which helps preventing to breach any prop firm rules.

The user can change/define the settings:

- Max Daily Drawdown Base: Either it is Balance Based or Equity Based. Choose one.

[ Definition example : https://help.e8funding.com/en/articles/7837289-what-is-the-difference-between-equity-based-drawdown-and-balance-based-drawdown]

- Max Daily Drawdown in %: Define what is the maximum daily drawdown in % in regards of the Max Daily Drawdown Base. If the drawdown hits the defined value, close all trades and make sure, no additional trades can be opened until the Max Daily Drawdown gets reset.

- Max Daily Drawdown Reset Time: Set time, when the Max Daily Drawdown gets reset: HH:MM:SS (UTC)

- Close Trades before red folder high impact news: Set time in seconds, so all the trades will get closed before red folder high impact news release

[Source for the red folder high impact news in the corresponding currency: https://www.forexfactory.com/calendar]

- No red folder high impact news Trading Window: Set time in seconds, so in this window, x amount of seconds before and after the red folder high impact news release, it is not possible to open or close any trades.

[ Definition example: https://ftmo.com/en/faq/can-i-trade-news/]

- Max Lot Size: Set a max lot size. The max lot size per single trade or as a sum of all trades cannot exceed the max lot size.

[ Definition example: https://help.alphacapitalgroup.uk/en/articles/6934289-lot-size-limit-on-funded-accounts]

- Hedging Allowed: YES or NO. If hedging is not allowed, then prevent of opening hedging trades.

[ Definition example : https://help.alphacapitalgroup.uk/en/articles/6934271-is-hedging-and-stacking-allowed]

- Martingale Allowed: YES or NO. If martingale trading is not allowed, then prevent of opening martingale trades.

[ Definition example : https://help.alphacapitalgroup.uk/en/articles/6933895-what-is-classified-as-martingale-strategy]

- SL on all trades in points: define a default value of points to set a default SL on all trades. If the field is empty, then no SL will be defined.

There will be no other or detailled requirements when giving to project. So, if it not clear, just ask.

If you apply for this job, you have to respond and let me know, how you would do this project. Application without any explanations will be rejected immediately.

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Project information

Budget

30 - 100 USD

For the developer

27 - 90 USD

Specification quality
Result check quality
Availability and communication skills