Tarea técnica
Hello!
I need to develop a semi-automatic trading robot with the following features and looking for some expert help:
Fibonacci Channel Analysis: The robot utilizes Fibonacci channels to detect and confirm trend directions. By analyzing the slope and positioning of these channels, the robot identifies the primary trend as bullish, or bearish.
ATR-Based Stop Loss: To manage risk effectively, the robot employs the ATR indicator with a 120-period setting to determine appropriate stop-loss levels. By considering recent market volatility, it calculates stop-loss points that are dynamically adjusted to market conditions, ensuring that potential losses are controlled and aligned with the current market environment.
Trade Entry Criteria: The robot follows a set of predefined criteria to enter into a trade:
Entry Signals: Specific technical indicators or price patterns are used to trigger trade entries within the established trend.
Position Sizing: The robot incorporates a sophisticated position sizing algorithm that considers factors such as account equity, risk tolerance, and current market conditions to determine the appropriate lot size for each trade.
Risk Management: Robust risk management is a core element of this trading robot. It ensures that no single trade can significantly impact the overall trading account. Risk-reward ratios are carefully calculated for each trade, optimizing the potential for profit while minimizing potential losses.
Monitoring and Alerts: Traders can monitor the robot's performance in real time through a user-friendly interface. The robot provides alerts and notifications for key events, including trade entries, stop-loss adjustments, and trade closures.
Backtesting and Optimization: Prior to deployment, the robot undergoes extensive backtesting and optimization to fine-tune its parameters and ensure its effectiveness across various market conditions.
Customization: The Fibonacci Channel Trend Trading Robot is highly customizable, allowing traders to adjust its settings to align with their individual trading strategies, risk preferences, and market preferences.
The detailed specification will be handed to a selected candidate for implementation while I'll remain open to answering any additional questions prior to engagement.
The required platform for the Robot is MQL5. This means that some of the required indicators will be required to be re-coded as MQL5 instead of MQL4.
Requirement for the source code: the source is managed via GitLab/GitHub, therefore basic Git knowledge is required. The source code must be well documented and remain readable at all times, meaning that the variables names, function names, class names should be well named to reflect their functional purpose. OOP or functional - is up to the candidate to decide. The code must rely on the MQL5 libraries to perform standard trade operations and native MQL5 functions. No magic strings and magic numbers (these should be defined as constants).
The budget is negotiable for a successful candidate.