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Hi there,
I am looking for a developer to build an EA for my trading system. I have been creating google slides to explain all the steps and a flow chart graphic as well. The system does not use any indicators, so it will probably be more involved than most EA's. The algorithms required are straight-forward and mechanical using only Open, High, Low, and Close candle data. I expect it would be necessary to build 4 unique, but similar candle pattern reading algorithms in total. A short description is as follows:
1. Locate trade setups using the first function listed above, purely from candle data and simple logic.
2. Locate entry zone using the 2nd algorithm, providing two prices that define the entry zone.
3. Set a trigger for entry; when price enters zone provided from algorithm 2, the 3rd algorithm watches for a confirmation candle pattern and triggers the Market Order Entry, defines the Stop and Profit Target.
4. A separate process controls the trailing stop, moving stops forward on open positions according to the 4th algorithm mentioned above.
5. All other details are very straight forward and rely mostly on the data produced by the algorithms mentioned above.
**Parts of the strategy are actually owed to an educational company that patented their approach, so I would have to insist on retaining full intellectual rights to the EA. I am not interested in being sued over distributing/selling an EA.
There are a few additional features I would like to incorporate. We can discuss the additional cost and time to develop these features, as well as determine if they should be included in the initial EA or a later revision.
1. A news event filter, to prevent taking new positions in front of economic news events. I have seen a few of these on the mql4 marketplace that are very affordable. If necessary, we can purchase one to examine how this has been accomplished by others.
2. A feature that can capture the screen to automate trade documentation at specific moments in the process.
3. Event logging, similar to what the journal does, but output to an external/text file so I can control formatting, mostly for debugging purposes, could be combined with the documentation component as this is also intended to study the EA's performance.
4. Config file control, so default behaviors can be saved as a preset, shared between computers in different locations using dropbox or a similar service
5. A scripted tool to automate the strategy tester to iterate through a large number of possible variations/configurations of an EA, using all possible combinations of settings and recording the results for analysis. So basically, it would load up the necessary history for the day, start with one configuration, run the strategy tester, record the results, load up the next one, repeat. It would go through all the combinations possible, creating a comparison database. This might be easy, or impossible, I'm not really sure, but I think it would be useful to show the user which subtle tweaks to the EA are providing the most profitable results. At some point this tool could direct the EA, adjusting the parameters to match the configuration that is performing the best.
I have read the MQL5 community articles regarding what I should have ready to provide to the developer. It was very helpful and has given me ideas on how to improve the documentation I have built so far. That being said, I am very close to being finished editing them, and I am anxious to get started . I am on Skype/Gmail, and have no problem doing screen recordings (Camtasia) or Teamviewer sessions to clarify/discuss the project.
Thanks,
Brent Wright