HedgeMaster: Advanced Dual-Account Trading Bot

ob Posting: Seeking Developer for Advanced Dual-Account Trading Bot "HedgeMaster"

Job Description:

I am looking for an experienced developer to build a sophisticated trading bot named "HedgeMaster." This bot will operate on MetaTrader 5 (MT5) and connect with a custom DLL for enhanced functionalities. The bot's primary purpose is to manage two trading accounts simultaneously (one with a broker and one with a prop firm) to implement a hedging strategy that ensures consistent profitability or account passing. Below is a detailed description of the bot's required features and functionalities:

Key Features and Functionalities:

1. Dual Account Management:

   • The bot should manage two MT5 accounts: one broker account and one prop firm account.
   • Allow configuration of each account type (broker or prop firm) and corresponding details.

2. Hedging Strategy:

   • Implement a hedging strategy where trades on one account offset trades on the other.
   • Trade the same pair in opposite directions (one long, one short).
   • Option to trade different but correlated pairs if desired.

3. Risk Management:

   • Provide three risk levels: Low, Medium, and High.
   • Automatically adjust lot sizes based on the selected risk level to maintain the proper ratio between the accounts.
   • Monitor and manage drawdown, closing positions if necessary to prevent excessive losses.

4. Dynamic Lot Size Calculation:

   • Calculate lot sizes dynamically based on account balances and risk levels.
   • Ensure the correct ratio is maintained to optimize the hedging strategy.

5. Backtesting and Optimization:

   • Include options for backtesting the strategy using historical data in MT5.
   • Optimize parameters for best performance under various market conditions.

6. User Interface:

   • Provide an easy-to-use UI within MT5 to configure settings, including account details, risk levels, and trade pairs.
   • Display real-time status updates, account balances, trade details, and risk metrics.

7. Error Handling and Logging:

   • Implement robust error handling to manage connection issues, trade execution errors, and other potential problems.
   • Maintain comprehensive logs of all actions, errors, and state changes for troubleshooting.

8. Alerts and Notifications:

   • Set up alerts for significant events, such as trade execution, account balance changes, and risk level breaches.
   • Notifications via email, SMS, or other channels as required.

9. Integration with DLL:

   • Develop a custom DLL to handle complex operations that MQL5 cannot perform efficiently.
   • Functions in the DLL should include trade execution, lot size calculation, account balance retrieval, and trade status checking.

10. Security and Compliance:

    • Ensure secure communication between the EA, DLL, and trading accounts.
    • Verify that the trading strategies comply with financial regulations and broker/prop firm requirements.

Required Skills:

• Proficiency in MQL5 and experience with MT5 Expert Advisor development.
• Strong C++ skills for creating and integrating the custom DLL.
• Knowledge of trading strategies, particularly hedging.
• Experience with financial markets, trading platforms, and automated trading systems.
• Ability to write clean, well-documented, and efficient code.
• Familiarity with backtesting and optimization in trading.
• Excellent problem-solving and debugging skills.

Deliverables:

• Fully functional MT5 Expert Advisor (EA) implementing the described features.
• Custom DLL with all necessary functions and proper integration with the EA.
• Comprehensive documentation for both the EA and DLL, including setup instructions, function descriptions, and usage guidelines.
• A user guide detailing configuration options, operational procedures, and troubleshooting steps.
• Source code for both the EA and DLL.

Application Process:

Please provide examples of previous trading bots or EAs you have developed, particularly those involving hedging strategies or dual account management. Include a brief description of your approach to this project and any relevant experience.

If you have any questions or need further details, feel free to reach out. I am looking forward to working with a skilled developer to bring "HedgeMaster" to life!

Contact Information:

[Your Name]
[Your Email Address]
[Your Phone Number]

By including all these details, the coder will have a clear understanding of the project requirements and how to implement the trading bot effectively.