Requirement Specifications for Custom MQL5 Automated Trading System & Indicator

MQL5 Experts

Specification

Please carefully follow all my instructions.

For each task you complete and that actually exists, I need proof

If something is missing, not included, or cannot be done, you must clearly inform me I don’t want to figure it out by myself.

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Requirement Specifications for Custom MQL5 Automated Trading System & Indicator

and every little detail I'll be sharing will be  adressed, please don't message me otherwise


Hello,



I am looking to hire a professional MQL5 developer to create a custom automated system and indicator based on my proprietary trading strategy.



The focus is on trend continuation trading in strong trending markets with a priority on accuracy, low-risk, and strict risk control.



Below are the precise project details:









System Requirements









1. Trending Market Detection





Multi-timeframe trend scanning (confirm trend direction across higher timeframes).



Heikin Ashi candles for improved trend clarity.



Incorporation of three Moving Averages:




25 EMA, 50 EMA, 100 EMA.



MA acting as trend detection and Support/Resistance.









Entry signals should align with Heikin Ashi direction and MA slope.







Important Note:

The bot must be programmed to detect and take UT Bot Alerts trades on Heikin Ashi candles, not traditional candlesticks, because signals differ between them. This must be strictly respected for accuracy.







2. Support and Resistance





Multi-tap support and resistance scans (detecting and validating multiple touches at key levels).



Higher timeframe Support and Resistance incorporation (Daily/Weekly levels).











3. Entry Conditions





Entry Timeframe: 2-hour (H2).



Entry based on:




Trend continuation confirmation.



Heikin Ashi candles aligned with moving averages.



UT Bot Alerts (conversion from TradingView UT Bot Alerts indicator) providing buy and sell signals.









If a SELL position is opened, it must only be closed when a BUY signal is generated by the UT Bot Alert, and vice versa.







Additional Entry Clarification:





In some cases where 2-hour Heikin Ashi candles are red (bearish), but the higher timeframe MAs (Daily/Weekly) still support a bullish trend, the system must recognize that and allow for a Buy signal to be considered, even if local Heikin Ashi color differs.



Heikin Ashi does not necessarily need to print consistent greens or reds — higher timeframe structure must have priority.











4. Stop Loss Placement





Stop Loss must be placed:




Below the structure low (for Buy signals).



Above the structure high (for Sell signals).









The structure is defined as the nearest turning point created by price action at the time of the UT Bot Alert signal.



The Stop Loss placement is critical for ensuring favorable Risk-Reward. Please refer to the showcase screenshot shared previously. SL must always be well placed to maintain proper RR ratios.











5. Risk Management





Maximum daily risk: 2% of the total account balance (must not exceed under any circumstances).



Risk per trade: 0.5% to 1% of the total account balance (customizable setting).



Position sizing must adjust dynamically based on current balance.



If a certain daily risk percentage (2%) is reached, no more trades should be taken unless previous trades close and free up risk.



Ability to limit trading activity or cool down after a set number of trades or after reaching the risk limit.







Drawdown Control:





System must be designed to avoid exceeding 2% drawdown per day.



Controlled, selective trading , not frequent buys at expensive and selling at discount 











6. Pairs to Trade





USDJPY



EURUSD



USDCAD



XAUUSD



GBPJPY



US100 (Nasdaq)













Additional System Features







Ability to enable/disable specific pairs individually.



Customizable input settings:




Risk percentages.



MA periods.



Heikin Ashi settings.









Alerts:




Popup alerts.



Email notifications.



Push notifications when a trade is executed or a UT Bot alert changes.









Weekend Holding: Trades can remain open during the weekend.



Signal Filtering:




Multitimeframe confirmation, higher timeframe trend, and Support/Resistance filtering must be applied.



Filter out lower quality signals to prioritize only the highest probability setups.









Second Attempts:




If the first signal fails or is missed, system should allow a second entry attempt if conditions realign.









Volatility Recognition:




If the system can detect a series of Heikin Ashi candles with longer bodies and consistent movement, this can indicate strong volume and volatility , the bot should prioritize these trending periods for better entry opportunities.



















Important Notes and Expectations







The developer must successfully convert the UT Bot Alerts indicator from TradingView to MT5, matching its logic and performance with high precision.



The system must be tested using Heikin Ashi candles, not regular candlesticks.



The developer must promise adjustments and support fixes after delivery if necessary, even after payment is completed.



Zoom assistance/support must be available if needed for explanations, troubleshooting, or adjustments.



A long-term trial period will be required after the demonstration to test the system in live/demo conditions before final payment.



The goal is to build a bulletproof system, designed for prop firm challenge passing and long-term consistency.













Trading Frequency







Controlled  trading based on the 2-hour timeframe.



should not be to many trades per days due to high time frames and signals, with focus on high-quality setups only.













Before Payment







I require a full demonstration of the working system.



I reserve the right to test the bot thoroughly before releasing the final payment.



If corrections are needed, the developer must implement fixes before payment.



If the project cannot be delivered exactly as per specifications, I reserve the right to reject the project and move on without payment.













Background Information





I have worked with developers and purchased over $300 worth of indicators and systems on MQL5.



I have been scammed, lied to, and disappointed many times.



This project is for serious, experienced professionals only for those who are willing to stand behind their work and deliver as promised.



If you are confident, detail-oriented, and committed to real professional standards, we will work well together.

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