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
1- In the Universal EA that I currently have, in MA mode under the Take Profit options, when using the “Kill positions + clean one buy one” option, the counter resets itself before the accumulated loss is fully recovered while the loss stored in memory is being cleared. If fixing this is not possible, then I would like to modify the method as follows: Instead of clearing the accumulated losses in the Losses Pool one
1. Shift the Time Gate (Critical) Current start time: 08:30 New required start time: 08:35:01 The EA is currently triggering trades too early (between 08:25 – 08:30 ), which is causing incorrect entries. Please ensure the EA cannot enter any trade before 08:35:01 . 2. Change Order Execution Logic The current code is using Pending Orders . Please remove pending order logic completely . Replace it with Direct Market
Here is an example of Requirements Specification for the development of the MACD Sample Expert Advisor, which is available in the MetaTrader 5 standard package. 1. The idea of the trading system is as follows : market entries are performed when MACD's main and signal lines intersect in the current trend direction . 2. Trend is determined based on the Exponential Moving Average with the specified period
Here is an example of Requirements Specification for the development of the MACD Sample Expert Advisor, which is available in the MetaTrader 5 standard package. 1. The idea of the trading system is as follows: market entries are performed when MACD's main and signal lines intersect in the current trend direction. 2. Trend is determined based on the Exponential Moving Average with the specified period
I am looking for a pre-built MetaTrader 5 (MT5) Expert Advisor (EA) that can fully automate trading on major currency pairs such as EURUSD, AUDUSD, EURCAD, and USDCAD. Requirements: Fully automated trading (no manual intervention required) Compatible with MT5 platform Designed for consistent, long-term performance Demonstrated average monthly return of at least 3% Verified backtest and/or live trading results showing
Project Title Freedom ORB – Fully Automated MT5 Expert Advisor (ORB + Structure + Liquidity) (MT5) Project Description I require a fully automated MT5 Expert Advisor based on a structured Opening Range Breakout (ORB) model with market structure and liquidity confirmation. The EA must: Detect ORB session range Wait for breakout (close-based) Wait for retrace Confirm M1 structure + displacement Execute trade
Hello, I am a serious buyer looking to acquire an existing, stable, and profitable Expert Advisor (EA) designed specifically for: 👉 primarily (XAUUSD) or any fx This is a full buyout request, ⚠️ I am NOT looking to build a new EA from scratch. Only ready-made, proven systems with real performance history. ✅ EA Requirements (Strict) 📌 Symbol & Strategy ✔️ Trades Gold only (XAUUSD) ✔️ Price Action logic preferred
I’m looking for a trading bot where I can use a balance of £1000 to make regular entries making £20-£40 per entry. obviously, I want to have minimum loss with a lot more profit being made
I want an mt5 advisor which use advanced strategies like Accumulation, manipulate, distribution plus ABC pattern Recognition , Smart filters, Rsi + Ema crossovers, Hidden SL, partialTPs and dynamic lot sizing , works on Forex and crypto fully automated no expiry
Gold robot for 1 minute 100 - 150 USD
I need a EA as per the attached video. I need the same type of EA, once it is ready share the video of any demo account. if everything is ok I will purchase immediately. thank you

Informazioni sul progetto

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