EA to switch between 2 symbols according to trading parameters (with code for MT4 & MT5)

MQL5 Esperti

Lavoro terminato

Tempo di esecuzione 60 giorni
Feedback del dipendente
Even we done this project in a long time, I am grateful for great ideas and nice communication. I hope catch his future jobs too :)
Feedback del cliente
Mohammad is BY FAR the most talented programmer I hired so far. He contributed with original solutions to problems that had long troubled me. Great communication, definitely a long-term partnership.

Specifiche

GENERAL IDEA
-- we specify 2 symbols (ex. input symbol 1 = Microsoft & symbol 2 = Apple);

-- we specify input initial amount to trade (ex. $10,000);

-- we specify the interval at which the EA will check the trading conditions (ex. input interval_X = 10M)

-- we specify the trading parameters (ex. input conditions X = 1.0%; & Y = 1.5%)

ACTIONS:

1) UNIQUE ACTION = FIRST BUY:

-- if there is no open position by this EA, immediately buy X shares (= lot1) of symbol 1 at current ask_price (using the initial amount to calculate the lot);

-- register the quotes of BOTH symbol_1 & symbol_2 at the time of the transaction (let's call the "LAST-TRADE-QUOTE-1 & LAST-TRADE-QUOTE-2): those values will be used for trading condition X.


2) REGULAR/REPEATED ACTIONS: (obs. after the first buy, there'll always be an open position)

at every interval_X, check which symbol is the current open position;
-- if symbol 1 is current position, check if condition_X or condition_Y is true
  -- if symbol 1 is current position & (X or Y is true) --> sell symbol 1 

-- use the money from the sell to calculate lot2 (# of shares) --> buy  symbol 2

-- register quotes of both symbols (last-trade-quote-1 & last-trade-quote-2);


-- if symbol 2 is current position, check if condition_X or condition_Y is true
-- if symbol 2 is current position & (X or Y is true) --> sell symbol 2

-- use the money from the sell to calculate the new lot1 (# of shares) --> buy  symbol 1;

-- register quotes of both symbols (last-trade-quote-1 & last-trade-quote-2);

Bottom line:

-- after the first buy, there will always be an open position;

-- the EA will check the trading conditions: if they are true, sell symbol 1 & buy symbol 2 (or sell symbol 2 & buy symbol 1);

-- repeat the process at the defined interval

==============

GENERAL IDEA WITH MORE DETAILS: 

An important part of this EA is the "dynamic calculation" of the lots, meaning: after we close a position, the money generated by the sell of symbol_1 (or symbol_2) will be used to calculate how many shares we can buy of symbol_2 (or symbol_1). 

I think this can be achieved with the use of the following variables: 

double BUYMONEY (the available money to make the buy), SELLMONEY (the money generated by the sell), STANDBYCASH (the money not used in the buy after rounding down to min-lot). 

As there is a MIN LOT requirement, we never use the total amount of available money. We'll call this the STANDBYCASH. 


1) calculating the STANDBYCASH
let's say we have 10,000 to start with and Microsoft is $98. 
let's say the MIN-LOT = 1.0. 
so we could buy 102 shares of Microsoft. 
now: 102 lots at $98 = $9,996, which means that $4 are not used: that's the standbycash = $4
so standbycash = previous available money to make a buy (or BUYMONEY) - amount spent in the buy (which can be calculate by lot * ask.price). 

2) so, after the first buy, we will (always) have an open position.
let's say the trading conditions are true, so it's time to sell. 
let's say the bid price for Microsoft is $104. 
the amount generated by this sell (SELLMONEY) = lot1 * bid1 = 102 * 104 = $10,608 
so the new total amount available to make a buy (let's call it BUYMONEY = standbycash ($4) + sellmoney ($10,608) = $10,612
{obs. later on we can also include TRADEFEES: buymoney = standbycash + sellmoney - tradefees}
With that, we can calculate LOT2 (the # of shares of symbol_2 to be bought): 
LOT2 = buymoney / ask2 (the ask price of symbol2) (rounding to min lot). 
Let's say the ask_price of Apple is $84. 
With $10,612 we could buy 126 shares of Apple. 
Now, 126 * 84 = 10,584 meaning that we will have $28 left in the account. 
new standbycash = 10,612 - 10,584 = $28

Next time, we will sell Apple, say, at 90.

126 shares * 90 = $11,340 (sellmoney)
new buymoney = sellmoney + standbycash = 11,340 + 28 = $11,368

With that, we calculate the new lot of Microsoft to buy.
Let's say Microsoft is now $112.
With $11,364 at $112, we can buy 101 Microsoft (always rounding to min lot). 
Amount spent = 101*112 = $11,312, meaning the new standbycash = 11,364 - 11,312 = $52

And so on.

=========================

SPECIFICATIONS ABOUT THE CONDITIONS X & Y

input periods = 50;

input condition_X = 1.0%
input condition_Y = 1.5%

X1 = (bid1 / last-trade-quote-1) - (ask2 / last-trade-quote-2);  // X1 is the condition X when symbol_1 is the current/open position
X2 = (bid2 / last-trade-quote-2) - (ask1 / last-trade-quote-1); // X2 is the condition X when symbol_2 is the current/open position

Y1 = bid1 / avg1 (= average of 50 periods of symbol1) - ask2 / avg2   // Y1 is the condition Y when symbol_1 is the current/open position
Y2 = bid2 / avg2 (= average of 50 periods of symbol2) - ask1 / avg1  // Y2 is the condition Y when symbol_1 is the current/open position

if (X1 >= condition_X || Y1>= condition_Y) bool sell_1_buy_2 is true
if (X2 >= condition_X || Y2>= condition_Y) bool sell_2_buy_1 is true

===========================

Thanks

Marcos

PS. $100 is the budget for having the EA with the code for both MT4 & MT5

PS2. I have developed this myself and works well in the strategy tester, but I want/need it to be protected against potential errors.

So, the developer who accepts the job may either revise/adapt/protect the code I already have or create his own. 

Con risposta

1
Sviluppatore 1
Valutazioni
(69)
Progetti
93
34%
Arbitraggio
10
40% / 30%
In ritardo
5
5%
Gratuito
Ordini simili
✅ MT4 EA Developer Checklist (For Your Ladder EA) 1️⃣ Indicator Integration EA reads signals from provided custom indicator (.ex4 or .mq4) Detects “Buy Next” / “Sell Next” signals on current candle Works with arrow-based or buffer-based signals 2️⃣ Next Candle Execution EA does not trade on the candle where the signal appears Orders placed only at first tick of the next candle Timeframes supported: M1, M5, M15
Hi to all, I need a modification of an existing grid EA with the following instructions: Add the following optional external inputs to the attached Expert Advisor: input bool TradeModeAgainstTrend ( TMAT ) = true ; input int CounterTrendLotsToStartTMAT = 0.15 ; input double CoefficientForTrendLots = 0.30 ; input double MaxTrendLot = 0.08 ; input bool OneSideTMATOnly = true ; input double CombinedClosureAmount = 10.0
Simple EA 100+ USD
I need write EA which load csv file which content prices where is expected support/resistance level. When market price overstep price from csv file, EA open trade some pips above/under csv file price. Example: at symbol EURUSD market price overstep 1.16500 where is expected resistance. EA open trade pending order sellstop 1.1647 (3 pips will be external input). Trade will be closed based on smart trailling stoploss
Hello, i need expert developer that have been develop so many profitable AI bots that work for mt5 and ctrader autonomously if you know you can easily execute this requirement bid for it. NOTE:- YOU MUST COME WITH SAMPLE FOR THE 2 TRADING PLATFORM. While i take a look at your profile and reach out to you thanks
Hi, GOLD EA is an automated trading robot designed for MetaTrader 5, focused mainly on GOLD/XAUUSD trading. The EA uses a combination of multi-timeframe trend confirmation, EMA pullback logic, ADX strength filtering, support/resistance rejection, momentum breakout, and reversal capture modules to identify potential Buy and Sell opportunities. Strategy and Trading Logic: The EA is designed to detect market direction
Gold robot 3000+ USD
I really liked this training platform. I want to start a good business with this funding amount."I like crypto trading. Does it provide a demo account that is good for learning?"
I am looking for an MQL5 or MQL4 developer to build an Expert Advisor What I need: The Expert Advisor should be able to open up to 10 trades per day (24-hour market) Trades should not open all at once — only based on proper signals/conditions Each trade must include: Stop Loss Take Profit The Expert Advisor must use 1:2 risk to reward The strategy should aim for around 50% win rate (about 5 wins out of 10 trades)
Dear developers I want to create an expert advisor for my strategy. The entry signals quite simple using OHLC, Bollinger, SuperTrend. (Possibly: ICT/FVG) The money and risk management is more difficult using martingale and trailing stops. I also need help to design this before any development
I need a ready made profitable system with live account trade or demo that can be back-tested for 2 years with good profits. Pls consider drawdown to be low , source code will be provided at the end. Very important sending 10 days demo before negociation , thank you
Gold robot 3000+ USD

Informazioni sul progetto

Budget
60 - 100 USD
Scadenze
da 1 a 7 giorno(i)