Budget Request for MT5 Trading System Development
I’d like to request a quote for the development of a custom trading system in MQL5 (MetaTrader 5) with the following specifications:
Inputs and Features:
Position Sizing and Multiplication:
Initial contract size (e.g., lots or units).
Multiplier value: Multiplies the initial contract size in case of a loss.
Maximum number of restarts: Limits how many times the operation can restart with the multiplied size after a loss.
Stop Loss and Take Profit:
Initial Stop Loss: Configurable as a percentage or in points.
Stop Loss and Take Profit for restarts: Based on the first order’s SL/TP ratio. For example, if the initial SL is 100 points and the SL/TP ratio is set to 2:2, the second operation’s SL and TP should be 200 points each.
Option to define the SL/TP ratio for all subsequent operations.
Entry Conditions:
Moving Averages (MAs):
Up to 6 moving averages can be used as an alignment condition for trade entry.
User can choose how many MAs are active (e.g., 2, 4, or all 6) and set their individual periods.
Entry occurs only when the selected MAs are aligned (e.g., in ascending or descending order, depending on trade direction).
RSI Filter:
Minimum and maximum RSI values for Long and Short trades (e.g., Long: RSI between 30 and 70; Short: RSI between 20 and 50).
Trade Direction:
Option to enable trades in both directions (Long and Short) or restrict to one direction only (Long or Short).
Price Touch Condition:
Option to trigger entry only after the price touches the smallest (shortest-period) MA.
For Long: Entry occurs on the next candle after the price reaches X points above the previous candle’s high.
For Short: Entry occurs on the next candle after the price reaches X points below the previous candle’s low.
User can define the value of X (in points).
Trading Time Control:
Start Time: User-defined hour and minute to begin allowing trade entries (e.g., 09:00).
End Time: User-defined hour and minute to stop initiating new trades (e.g., 17:00).
Trades opened before the end time can remain active until they hit SL/TP, but no new trades will start after the end time.
Operation Flow:
The system starts with the initial contract size within the defined trading hours.
If the trade hits the Stop Loss, the next trade restarts with the contract size multiplied by the user-defined multiplier (up to the maximum number of restarts), provided it’s still within the trading time window.
SL and TP adjust proportionally for each restart based on the initial SL/TP settings.
Trades are only initiated when all conditions (MAs alignment, RSI filter, optional price touch, and time window) are met.
Deliverables:
Fully functional MQL5 code (Expert Advisor) with all the above features.
Clear input fields in the EA interface for all customizable parameters (e.g., contract size, multiplier, MA periods, RSI levels, start time, end time, etc.).
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