I am looking for an experienced MetaTrader 4/5 Expert Advisor (EA) developer to create a trading system for the chart using modified Heiken Ashi candles.

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Key Features of the EA:

  • Chart Setup:

    • 1-minute timeframe with Heiken Ashi candles.
    • Double smoothing for Heiken Ashi candles:

  • Entry Logic:

    • Start with an initial trade size of 0.2 lots.
    • Enter trades when a Heiken Ashi candle closes in the trend direction and breaks a trend line.
    • Re-entry: After stop loss is hit, re-enter based on the next confirmed trend direction and breakout.
  • Stop Loss (SL):

    • The stop loss should be placed at the last swing close in the opposite trend direction.
    • Implement a dynamic stop loss
    • Break-even: Once the trade reaches a 1:1 risk-to-reward ratio, move the stop loss to break-even to protect from reversals.
  • Take Profit (TP) and Trailing Stop:

    • Use a trailing stop that moves as the market moves in your favor to lock in profits.

  • Lot Size Recovery After Loss:

    • If a trade results in a loss, increase the lot size for the next trade by 0.1 lots.
    • Example:
      • First trade (Loss): 0.2 lots → Next trade: 0.3 lots
      • Second trade (Loss): 0.3 lots → Next trade: 0.4 lots
    • Once a profit is made, covering all prior losses, the lot size should return to the original size (0.2 lots).
  • Risk Management:

    • Dynamic position sizing based on 1-2% risk per trade, considering the distance to the stop loss.
    • Set maximum slippage to 1-2 pips to ensure accurate execution.
    • Break-even protection should be activated once the trade reaches a 1:1 risk-to-reward ratio.

    Requirements:

    • Expertise in MetaTrader 4/5 and MQL4/MQL5.
    • Proven experience in developing high-frequency trading strategies, especially for lower timeframes like the 1-minute chart.
    • Knowledge of lot size recovery, dynamic stop loss, and trailing stop loss techniques.
    • Ability to create an optimized EA that can adjust to various market conditions while ensuring strong risk management.

    Deliverables:

    • Fully functional EA with the specified features.
    • Source code of the EA for further modification and optimization.
    • Backtesting results showing the EA’s performance across different market conditions, particularly focusing on the 1-minute timeframe.
    • User manual with installation and configuration instructions for the EA.


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