Automating Manual Gold Trading Strategy

Specification

Are you an experienced programmer with expertise in MQL4, the platform tailored for algorithmic trading on MetaTrader? We are searching for a proficient MQL4 developer to collaborate on a compelling project aimed at automating a manual gold trading strategy. This endeavor promises to blend your programming skills with financial insights, potentially leading to substantial financial gains.

Project Goals:

The primary objective of this project is to convert a manual gold trading strategy into an automated system, exclusively using the MQL4 language and the MetaTrader platform. The strategy has demonstrated profitability through manual execution, and our goal is to harness technology to improve its efficiency and precision.

Key Project Tasks:

  1. Strategy Analysis: Begin by comprehensively understanding the existing manual trading strategy. Analyze the decision-making process, entry and exit criteria, risk management rules, and any other relevant components.

  2. MQL4 Algorithm Development: Design and develop a robust MQL4-based algorithm that replicates the manual trading strategy. This algorithm should be capable of executing trades based on predefined conditions while considering risk management principles.

  3. MetaTrader Integration: Implement data feed or API integration within the MetaTrader platform to access real-time or historical gold price data. The algorithm's accuracy relies on the availability of reliable data sources within MetaTrader.

  4. Backtesting: Conduct extensive backtesting within the MetaTrader environment to validate the algorithm's historical performance. This step ensures that the automated strategy aligns with the strategy's historical profitability.

  5. Risk Management: Integrate risk management mechanisms within the MQL4 code to protect against significant losses. This may involve incorporating stop-loss orders, position sizing, or portfolio diversification.

  6. MetaTrader User Interface: Develop a user-friendly interface within the MetaTrader platform that allows for easy monitoring and control of the automated trading system. This interface should provide insights into trading performance and allow for adjustments if necessary.

  7. Live Trading: Transition the MQL4-based algorithm to live trading within the MetaTrader environment. Monitor its performance closely and be prepared to make adjustments to adapt to changing market conditions.

Qualifications:

  • Proficiency in MQL4 programming language, specifically for MetaTrader.
  • Strong understanding of financial markets, particularly gold trading.
  • Experience with algorithmic trading within the MetaTrader platform.
  • Knowledge of risk management principles in trading.
  • Ability to work independently and communicate effectively with project stakeholders.



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Project information

Budget
150+ USD
For the developer
135 USD
Deadline
from 1 to 3 day(s)