Specification
1) A multi-currency Expert Advisor is required on the MT4 / MT5 platform, with a profit of 10% per month.
2) Successful testing in a period of at least 1.5-2 years
3) The adviser must take into account the commission and swaps
4) Availability of licensing module
5) The contractor will have to transfer the robot for 2 full trading weeks for testing, without reference to the trading account (if desired, the contractor can set the closing date for opening transactions)
6) The contractor will have to pass open source
7) The contractor must make a description of the trading system
The EA Details Description:
EA is based on hedging by using pairs correlation and cointegration. The main functions of the EA are to find the right entry points and after the entry to close the orders with 1,5% profit.If the trade situation changes and the price is hitting the other way as expected the EA is supposed to open additional orders for both opened positions (max. 5 for each position).Every following opened position must have a difference of 2% between each additional orders. This is called hedging with grid elements. EA must analyze the price movement on each instrument to consider the trend direction. ( I would like to have suggestions from the developer )Our EA must work only with GBPUSD/EURJPY, EURUSD/GBPJPY, EURGBP/USDJPY pairs.Only 1 pair will entry on trade at the same time. Which pair will entry, depends on correlation difference.One way is to use a correlation coefficient to determine how closely two instruments are related.In general, it's a good idea to focus on quantifiable data, such as " I will enter a pairs trade when price ratio exceeds two standard deviations." Buy the underperformer and sell the overperformer.In practice, a pair transaction works as follows: at one time, we buy the undervalued currencies and sell the overvalued. If the assumption of the reunification of their prices is confirmed (which has been statistically proven), we collect the profit. It is irrelevant whether the profit is generated by the growth of the undervalued, a drop in the overvalued one, or any other combination of price fluctuations. What matters is that we collect our profit when the difference in prices is reduced.