EA for Hedging and SMA 20

Specification

# Automated Trading Bot for MetaTrader 5 (MQL5)

## Job Description
I am looking for an experienced MQL5 developer to create an automated trading bot for MetaTrader 5. The bot should execute buy and sell orders based on specific trading conditions and include functionality to hedge open positions using a recover zone strategy.

## Requirements

1. **Trading Conditions:**
   - The bot should buy when the price crosses above a Simple Moving Average (SMA) with a specified period.
   - The bot should sell when the price crosses below the same SMA.

2. **Parameters:**
   - Lot size: 0.1 (should be adjustable)
   - Stop Loss: 50 points (should be adjustable)
   - Take Profit: 50 points (should be adjustable)
   - Moving Average period: 14 (should be adjustable)
   - Recover Zone Distance: [Specify distance in points, should be adjustable]
   - Recover Zone Multiplier: [Specify multiplier, should be adjustable]

3. **Hedging and Recover Zone Strategy:**
   - The bot should hedge open positions. If there is an existing open position, the bot should open an opposite position with ( 2. **Parameters:** ) lot size when the price enters the recover zone.
   - Define a recover zone around the entry price of the initial position. If the price moves into this zone, initiate a hedge trade.
   - Use a multiplier to adjust the lot size of subsequent trades within the recover zone to attempt to recover losses more effectively.

4. **Additional Features:**
   - The bot should close any existing opposite positions before opening a new one, unless hedging within the recover zone.
   - Include error handling to manage and log any issues during execution.

## Deliverables
- A fully functional and tested MQL5 Expert Advisor (.mq5 file).
- Detailed documentation on how to install, configure, and use the bot.

## Budget
[Specify your budget]

## Deadline
[Specify your deadline]

## Experience Required
- Proven experience in developing trading bots with MQL5.
- Strong understanding of trading concepts and MetaTrader 5 platform.

## How to Apply
Please provide examples of previous MQL5 projects you have completed. Include any relevant details that demonstrate your capability to fulfill this project.

Thank you,
[Your Name]

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Project information

Budget
100 - 500 USD
VAT (25%): 25 - 125 USD
Total: 125 - 625 USD
For the developer
90 - 450 USD
Deadline
from 1 to 90 day(s)

Customer

Placed orders1
Arbitrage count0