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Specification
Dear Developer
This strategy is profitable in manual trade. It is challenging to code and requires attention to detail, a pre-emptive approach to understand logic before coding it and great attention to detail. If the below is acceptable and you can deliver according to attached docs; I welcome your offer and progress with note II below.
Important Notes:
I) Strategy is made up of 12 rules. Based on from 6 current indicators and an EA that needs to be converted to an indicator. All using their default values (except Volume_Divergence_Markers and gap_finder_01 requires custom settings), in MTF’s with MM rules. Executing the below deems the developers acceptance of terms within this document.
II) Before assignment of this project to developer. A voice speak through (not text) on skype (ID: basimb) by developer with shared screen as needed to explain in their own words each rule/strategy and their suggestions. If this is not possible they should provide written summary of ALL rules. This should pre-empt any mis-interpretation of the strategy rules and how they are programmed.
III) Budget is $300 (to be paid through MQL) for it's successful functioning creation. $300 to be paid for completed bug free EA. It is profitable in manual trading so far with 5-10 trades a month. Project on basis that you can have "Private Use". But not for re creation (including re distribution, resale as EA, signals or code). All the exclusive rights to the ordered software assigned to the customer (personally or in reflected commercial entity such as TechMonegy Ltd).
IV) Make it so that Strategy looks for setup/ make entries according to same rules/values, on all TF's between M1 and M30 simultaneously for pair EA is attached to chart for. Each rule 1, 2, 3, 4 can occur on any TF between M1-M30. Custom external Variables to be added to EA in green, with exact name in "inverted commas", with number after ":" that is the changeable value. Variables in EA should be organised/listed sequentially under sections titled with corresponding strategy rules specified in this document. E.g Rule 1 Variables, then Rule 2 Variables, etc. Any discussion should reference this document and EA variables must be same (if does not allow % then use percent) as in this document, e.g Rule 7, Variable “No entries below Margin Level %”: 2000%.
V) Developer to provide bug free EX4 version of MT4 EA with source code and back test on 2 different pairs on completion. This is requested as I sometimes have trouble doing back test.
VI) Developer to provide detailed manual explaining each Variable/value. In case in the future I need to re visit, add more features. Also to ensure developers interpretation/definition of Variables is correct.
VII) As part of price pre agreed for project; developer agrees up to an additional 10% features/changes not specified in requirements. So e.g if 12 rules exist, 1.2 additional rules allowed.
VIII) Within 3 weeks to hand over bug free demo EA with source code. Before completion of job and payment the demo EA will be run by client for (1 week) a 4th week to ensure EA is working as intended and bug free. Any bugs to be found by client require debugging by developer as part of agreed price.
IX) Detail of expert should include; placing all of the necessary checks, error description to be printed in Journal, restore normal operation after a connection failure, add a few attempts to open a position with an error, and maybe something else - at your discretion. All exceptions should be handled. Should work on all markets with different brokers on real account, with different EA’s (therefore have Variable: “Magic Number”: 999). Critical errors, such as NOT_ENOUGH_MONEY, ACCOUNT_IS_DISABLED etc., will off course immediately stop the operation. After non-critical errors (REQUOTE, TRADE_CONTEXT_IS_BUSY etc.) the EA will try again (I think, 5 attempts with 250 ms. interval).
X) Rules 1, 2, 3, 4 for Volume_Divergence_Markers and other indicators should not be identified by these error markings that appear regularly as can be seen in Image A. They appear away from the price. They tend to occur by themselves after a period and when dragging chart back in time. When trading manually, to correct markings I usually set chart to M5 then back to M1. This makes only the correct markings appear again in M1. Can these error indicators (see in Image A) be prevented from being counted as part of Rules 1 -4? I’ve been informed: Yes, it can. The reason for the bug - the developer hadn't made recalculation of the indicator buffers after history loading. It's a serious bug, but it won't cause EA errors, because the EA will always recalculate required indicator values.
XI) EA should be designed to easily add more entry/indicator forming rules such as those in 1-4.
XII) Each of the 12 rules occurrence must be illustrated/stated in chart/journal markings. Along with an indicator which informs the state of rules in all TFs, so useful info can be gleaned e.g 3rd consecutive rule 1 occurred at better price.
XIII) EA must analyse according to rules period (to a max of 3 wks) it was not operating/running. Then take corrective action.
Thanks