FreelanceSections

Forex Robot required - Martingale \ Cost averaging EA with anti martingale and hedge features

MQL4 Experts

Specification

Hi there,

I am looking for someone to build a Martingale/Cost Averaging Expert Advisor (EA) with the following features and functions:

Martingale and Cost Averaging Features:
1. **Martingale Calculation Settings:**
   - Standard Martingale system allowing the trader to set the initial trade size and the pip step for subsequent trades.
   - Option for averaging up and averaging down:
     - **Averaging Up:** Lot size increases as the price moves against the initial trade.
     - **Cost Averaging:** All trades open at the same size as the initial trade when the price drops.
     - **Averaging Down:** Lot size decreases as the price moves against the initial trade.

2. **Fixed Lot Trades:**
   - Allow the first few trades to open at a specified lot size (e.g., 0.05, 0.05, 0.05, 0.05) and subsequent trades at a different lot size (e.g., 0.01).

3. **New Sequence Calculation:**
   - When there is a buy and sell leg, start a new sequence by calculating the total lot size of the opposite leg. For example, if 20 x 0.05 lot sell trades are open and the buy sequence just closed, the new buy sequence will start at X percent of the cumulative lots of sells.

4. **Fixed Lot Sets:**
   - Implement sets of fixed lots, such as 0.1-0.1-0.1, then 0.08-0.08-0.08, then 0.05-0.05-0.05, etc.

5. **Sequence Starting Options:**
   - Start the sequence immediately or X pips away in the opposite direction.
   - Allow both buy and sell trades to be placed as pending orders X pips away.

 Trailing Stop and Hedging:
1. **Trailing Stop:**
   - Include a trailing stop to lock in profits on winning trades.

2. **Hedge Feature:**
   - Activates at a predefined drawdown (DD) level. The EA should calculate the total number of lots opened by the Martingale system at this predefined DD level (e.g., 20%) and open a trade in the opposite direction to lock in losses.
   - Dynamic hedging options: hedge all in one trade or multiple trades, at one level or different levels.
   - Remove all take profits when hedging and allow partial hedging at different levels until fully hedged.

 Risk and Trade Management:
1. **Take Profit (TP) Increase:**
   - Option for multiplier mode and pip step increase for TP on each trade.

2. **Equity Protector:**
   - Close all trades and remove the EA from the chart once a predefined DD level is reached.

3. **Maximum Lot Size:**
   - Set a maximum lot size for Martingale trades to limit risk.

4. **Stop Loss for Grid:**
   - Implement a stop loss for the entire grid, closing all trades or hedging when the grid drops to a specified percentage or dollar drawdown.

5. **Slippage Protection:**
   - Add a slippage protection feature to manage execution risk.

 Volatility and Scalping Adjustments:
1. **Volatility-Based Adjustments:**
   - Use a news filter to detect high-impact news and increase the spacing while reducing the lot size during such events.
   - Option to select the minimum period before the next trade opens.
   - Option to set a maximum number of trades within a specified period.
   - Implement dynamic spacing to avoid opening too many trades during volatile movements.

2. **Scalping Option:**
   - Add a scalping option with a stop loss and grid trading. Enable grid trading with options to close all trades and restart at a certain percentage of pips or dollar drawdown.
   - Transition scalping into cost averaging when trades move out of the grid.
   - Place the next trade as pending orders.

 Chart and Notification Features:
1. **On-Chart Display:**
   - Include the following on the chart:
     - Breakeven point
     - Current account balance
     - Percentage drawdown
     - Price at which the hedge will open, considering current and future open lots
     - Percentage to breakeven and profit
     - Total sell and total buy values
     - Current open trades and potential profit

2. **Notifications:**
   - Send notifications to email or cell when the drawdown drops to a certain level.

Trading Strategy and Sequence Options:
1. **Opposite Leg Opening:**
   - Allow the reverse leg to open only when the price reaches a certain level.

2. **Trade Sequence Options:**
   - Option to have both legs open immediately or not. This can be done in two ways:
     - If the legs are on separate charts, set the price level for the first trade to be placed.
     - If the legs are on one chart, set the pip distance or percentage distance for the opposite sequence to begin.

Licensing System:
1. **Resell and Sharing:**
   - Include a licensing system allowing me to resell the EA or share it with others.

Let me know what you can offer and how we can work together. I am open to discussions regarding features, final delivery, etc.

Best regards,


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Project information

Budget
30 - 100 USD
Deadline
to 10 day(s)

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(1)
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