Candle Scalper

MQL5 Experts

Job finished

Execution time 7 days
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Specification

We are currently seeking a highly skilled and experienced programmer with a strong background in High-Frequency Trading (HFT) to fulfill the following job requirements. The ideal candidate should possess a deep understanding of algorithmic trading strategies and have hands-on experience in developing and implementing HFT systems.


Strategy


1. **Setup:**

   - Use candlestick data from multiple timeframes and the RSI indicator.

   - The default timeframe is the current timeframe.


2. **Entry Rules:**

   - For a buy trade:

     - Confirm that the candle opens above the previous candle's closing price.

     - Check if the RSI value at the previous candle's closing was lower than the RSI value at the current candle's opening.

     - The candle signal is confirmed if both conditions are met and opening the trade will depend on the timer set for every timeframe .Vise versa for sell 



3. **Exit Rules:**

   - For each timeframe: - Close the trade if the remaining time until the candle closes is equal to the specified number of minutes for that timeframe and the trade is in profit including swap 


4. **Trade Timing:**

   - For each timeframe:

     - Specify the number of minutes after the candle opens to enter the trade.

     - Specify the number of minutes before the candle closes to exit the trade.

For example 20minutes for H1 that means the EA will enter after 20 minutes candle opens and exit before 20 minutes candle closes


5. **Hedging:**

Selected timeframe candle to hedge, when the candle in that timeframe changes to an oposite candle , the EA will open an opposit trade

   - open a new trade with times 0.2 lot size in the opposite direction.The hedging will always close when its inprofit including swap


6. **EA Configuration:**

   - The EA will have 5 timeframes, with the default current timeframe.and all timeframe must be able to close trades when they are in profit and the time has pass for another time frame

   - The timer will default to 0, indicating that the signal starts at the beginning of the candle and ends at the end of the candle.

   - The EA will use the minimum lot size and account percentage for position sizing.

   - The default number of trades to be taken simultaneously is 1.



Design

#Lot rules

Minimum lot size 

Hedge value (default times 0.2)

# Trade Direction

Select (Buy, Sell, Both) default both

#Number of trades simultaneous (Default 1)

##Timeframes

1.Timeframe1( Default current timeframe)

Timer (Default 0 ) input

2. Timeframe2( Default current timeframe)

Timer (Default 0 ) input

3. Timeframe3( Default current timeframe)

Timer (Default 0 ) input

4. Timeframe4( Default current timeframe)

Timer (Default 0 ) input

5.Timeframe5( Default current timeframe)

Timer (Default 0 ) input ( Hedge timeframe)


The EA will print the current signals on the charts and the EA will work both on sythentic and forex






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