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Rules
Specification
Please let me know how long it will take for you to complete stages 1 to 3, I am happy to pay 75 $ for stages 1 to 3 and a further separate 75 $ for stages 4 and 5.
I would like to complete stages 1 to 3 now and stages 4 and 5 after I have fully tested stages 1 to 3. I want to pay separately for each of the two builds.
The EA is to be rebuilt from the Meta Trader 4 version supplied but without the associated mq4 file and should work on the MT4 platform.
Adjustments will need to be made in the fact that I want the associated trend line indicator as the default lead trade indicator. Further to this I will need you to adjust the way in which the trend line indicator functions. I will also need extra functions to be added and ask for some of the existing EA functions to be removed and or adjusted.
In this respect I will therefore ask for the new EA to be built in stages, as set out below, allowing time for me to test each constituent part as and when it is added. From where on the positive testing of each build stage, I will ask you to move onto the next stage of the build.
Please note that this EA is to be used for both classic forex trading, futures trading and spread bet type trading so lot sizing and associated pip recognition should be universal.
Stage 1 lead indicator:
Supply a stripped down version of the EA with the trend line indicator being the default lead indicator and at this stage only, to include the following changes to functionality.
1.a. Adjust the way in which the trend line indicator works (found under trend line settings) in that instead of drawing a trend line from one bar to the other (bar to bar trend line) and or from a start point into infinity (with min max slope filter). It should now only draw from one bar to the next and extend into infinity on a continuous basis as and when each new bar is formed. The buy/sell logic should be the same as within the supplied EA. In that it creates a buy trade when a bar opens and closes above the trend line and a sell trade when a bar open and closes below the trend line. See attached screen shots for further clarity. The default logic for trades to be taken on complete open and close bar on trend line breaks is unlimited in either trade buy/sell direction.
1.b. Ensure that the trend lines show in a visual format on both the live trading screen and the optimisation/back testing function and that each new trend line is a differing identifiable colour.
1.c. Add a switch on/off function that allows trend lines that are created between bars with low pip or same pip open and close parameters to be ignored in reference to their creating either a buy or sell trade. This function will need a X pip input ability, these trend lines should still show in the visual view of both the live trade screen and optimisation/back testing function but should show as broken lines ie. ------.
1.d. Add a switch on/off function with a X input that allows only X number of trades to be opened per created trend line.
1.e. Add switch on/off function that allows the buy/sell trades to function on the partial break of the existing trend line if so desired.
1.f. Ensure in the common features that an option allows only either buy or a sell trade(s) to be made.
1.g. Add a switch on/off function that ignores a buy or sell signal after X input number of new bars have been created from the initial creation of the individual trend line.
1.h. Add a lot size per trade function.
Stage 2 trade management:
2.a. Add a switch on/off function with X input that limits the number of overall trades to be opened at any one time from 1 to X.
2.b. Add stop loss functionality with the following logic:
2.b.i. Switch on/off function for hard stop loss with X input for number of pips as a standalone unit.
Trailing stop loss function to have switch on/off function with further logic;
2.b.ii. Function with X input for trailing stop start pip level to include 0 as the break even point.
2.b.iii. Function with X input for trailing stop distance increment pip levels.
2.c. Add a switch on/off break even function to act as a break even stop loss that overrides, when switched on, in tandem to the hard stop (2.b.i.) and works in the existing manner as supplied in the older version of the EA. With break even level and break even profit X inputs.
2.e. Switch on/off function with default X pip input for take profit with further logic:
2.e.i. In tandem with 2.e. further provide a switch on/off function allowing partial lot take profit with X input for the lot size to override 2.e. only when switched on.
Stage 3 trade filters:
3.a. Add a Ichimoku trade filter that only allows trades to be taken in the direction of the identified trend on full Ichimoku allignment.
3.b. Add a switch on/off Bollinger trade filter that works in the following way:
If the trade is a sell then the entry point of the trade should be within X percent of the upper outer Bollinger band, both below and or above. If the trade is a buy then the trade should be within X percent of the lower outer Bollinger band, both below and or above. If the trade is not within the specific % ranges of the Bollinger extremes then the trade is discarded.
3.b.i. Add a switch on/off Bollinger trade filter that works in the following way:
If the trade is a sell then a trade is only taken if the price is above the upper outer Bollinger band. If the trade is a buy then a trade is only taken if the price is below the lower outer Bollinger band.
3.c. Add a switch on/off stochastic trade filter that works in the following way:
If the EA identifies a sell trade then the trade is only taken if the filter is within X input percent of the upper 80 stochastic band, both below and or above. If the trade is a buy then the trade should be within X input percent of the lower 20 stochastic band, both below and or above. If the trade is not within the specific % ranges of the stochastic indicator bands then the trade is discarded.
3.c.i. Add a switch on/off stochastic trade filter that works in the following way:
If the EA identifies a sell trade then the trade is only taken if the filter is above the upper 80 stochastic band. If the EA identifies a buy trade then the trade is only taken if the filter is below the upper 20 stochastic band.
3.d. Add a master on/off switch to override all individual trade filters.
Stage 4 further existing functions:
4.a. Add the existing older EA versions Time Settings to function in the same way on the new version of the EA.
4.b. Add all of the existing EA versions General Settings to function in the same way on the new version of the EA.
4.c. Add all of the existing EA versions Error Handling Settings to function in the same way on the new version of the EA.
Stage 5 new reporting function:
5.a. Add a reporting mechanism that provides a statistical performance overview of the continual trading history of the new EA and compiled on an ongoing basis. The data will need to be provided in the following manner:
All provided reports should be in simple % form and clearly labelled.
The reporting system should provide insight into the accuracy to all of the new EA’s trading functions whether they are switched on or off over any or all trading periods.
The reporting logic should provide insight into the accuracy of all the new EA’s functions and reported against both winning and loosing trades.
The reporting logic should further provide the optimum EA settings from the live trading history on all of the new EA’s functions.