Candle Scalper

MQL5 Experts

Job finished

Execution time 1 day

Specification

I am seeking a skilled programmer with experience in High-Frequency Trading for this Job. The candidate should possess understanding of algorithmic trading strategies and have hands-on experience.

Strategy

1. Setup:
   - Use candlestick data from 3 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 10 minutes for H1 that means the EA will enter after 10 minutes candle opens and exit before 10 minutes candle closes.

5. Hedging:

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

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

6. EA Configuration:
   - The EA will have 3 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 : 0.1
Hedge value :(default times 0.2)
# Trade Direction: Select (Buy, Sell, Both) , default both
#Number of trades simultaneously: (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

Provide the source code at the end.


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Project information

Budget
35+ USD
For the developer
31.5 USD
Deadline
to 2 day(s)