Specification
# **Project Overview:**
I am looking for a developer to create an Expert Advisor (EA) in MetaTrader 5 (MT5) that calculates and utilizes a custom index based on the relative performance of a set of financial assets.
### **EA Technical Specifications:**
1. **Asset Selection:**
- The EA should allow the selection of multiple financial assets, which may include:
- Forex pairs (e.g., EURUSD, GBPUSD).
- Specific stocks (e.g., AAPL, MSFT).
- Stock indices (e.g., S&P 500, DAX).
- Commodities (e.g., Gold, Oil).
- These assets should be configurable from the EA parameters.
2. **Calculation of the Index Based on Relative Performance:**
- **Configurable Reference Point:**
- The user should be able to select the exact day and time to set the reference price used in the calculation of relative performance. For example, the user could choose to use the opening price of a specific session (such as the New York session opening) or a price at a custom time of the day.
- **Configurable Timeframe:**
- The EA should allow the selection of the timeframe in which the index will be calculated and displayed. This includes options like M1, M5, M15, H1, H4, Daily, etc. The index should be calculated and updated according to the selected timeframe, reflecting the relative performance of the assets in that specific timeframe.
- **Relative Performance:**
- The relative performance for each asset should be calculated by comparing its current price with the selected reference price (the day and time specified by the user). Relative performance is essentially the percentage change in price from that reference point.
- Once the relative performance of each asset is calculated, the index should be the **sum** of these relative performances. This approach allows the index to reflect the total contribution of the performance of all selected assets.
3. **Expert Advisor Functions:**
- **Index Visualization:**
- The EA should display the index value on a real-time chart, using Japanese candlesticks that reflect the open, close, high, and low of the index in each period corresponding to the selected timeframe.
- **Trading Conditions:**
- The EA should allow the execution of trades based on the index value, such as opening a buy or sell position, so that when a position is opened in the index, a position is opened in all the assets that make up the index.
- The Stop and Take Profit levels will be calculated based on the index. In other words, if a Take Profit is set and it is reached in the index, all trades in all the assets that make up the index will be closed.
- **Risk Management:**
- The lot size to be used in each asset of the index should be modifiable by the user.
- **Alerts and Notifications:**
- Include the ability to send alerts (pop-up windows, mobile notifications, or emails) when the index reaches certain levels or when a trade is opened/closed.
4. **Configurable Settings and Parameters:**
- **Involved Assets:** List of symbols for the index calculation.
- **Configurable Reference Point:** Selection of the day and time to set the reference price.
- **Configurable Timeframe:** Selection of the timeframe (M1, M5, M15, H1, H4, Daily, etc.) for the index calculation and visualization.
- **Trading Limits:** Entry levels for trades based on the index.
- **Risk Management:** Configuration of stop loss, take profit, and position sizes.
- **Alerts:** Alert settings based on index levels.
5. **Documentation and Support:**
- **Documentation:**
- Brief documentation is required to explain how to configure and use the EA, including details on how to adjust parameters and understand the logic behind the relative performance index, reference price configuration, and timeframe selection.
- **Post-Delivery Support:**
- I request a period of post-delivery support to correct potential errors or make minor adjustments if necessary.
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Project information
Budget
30+ USD
Deadline
from 5 to 10 day(s)
Customer
Placed orders11
Arbitrage count0