Termos de Referência
Project Overview: I am looking for an MQL4/MQL5 developer to create an EA based on price action and smart money concepts. The EA should follow rules for market structure breaks and trade entries.
Strategy Breakdown:
1. Market Structure Break (MSB)
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Identify strong and weak market structure breaks.
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Strong MSB occurs when price breaks a significant high/low with a strong candlestick close.
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Weak MSB occurs when price struggles to break a level with multiple wicks.
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Only execute trades based on strong MSB.
2. Entry Zone Identification
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The area between the last lower high and the deepest lower low is the primary entry zone.
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Entries will be refined using:
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Order blocks
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Breaker blocks
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Mitigation blocks
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High/low volume nodes
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Imbalances
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Quasimodo levels
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Optimal trade entries
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Fibonacci retracement zones
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Supply and demand areas
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Volume profile key points
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3. Entry Confirmation
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Confirmation will be based on:
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Candlestick patterns (Pin Bars, Engulfing, Spinning Tops)
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Volume spikes at key levels
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Lower timeframe structure break after higher timeframe confirmation
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RSI/MACD confluence (if applicable)
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4. Multiple Time Frame Analysis (MTF)
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Higher time frame confirmation (H4 or H1)
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Lower time frame (M15 or M5) for sniper entries
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Use micro market structure breaks on lower time frames to refine entries
5. Risk Management
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Adjustable risk percentage per trade
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Lot size calculation based on risk per trade and stop loss distance
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Stop loss placement:
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Below/above entry zone depending on trade direction
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ATR-based dynamic stop loss option
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Take profit:
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Fixed RR ratio (e.g., 1:2, 1:3, 1:5)
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Partial profit-taking at specific levels
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6. Additional Features
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Spread filter to avoid execution in high volatility conditions
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Time filter to avoid trading during low liquidity sessions
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News filter to pause trading during major economic events
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Auto-break-even and trailing stop options