Forex Metatrader4 Expert Advisor EA program

CANCELLED
Bids
5
Avg Bid (USD)
$282
Project Budget (USD)
$100 - $500

Project Description:
**Based on Laguerre Filter, Laguerre RSI and ATR indicators (mq4 files available).**

The Laguerre Filter is an indicator system of moving averages, smoothed - at point of crossing is a potential entry signal.

**Opening Logic** - At cross of red and blue Laguerre Filter indicator lines, (and after close of candle during which the crossover occurred) - enter trade in direction of Blue indicator line when it is % (variable 1) of ATR beyond the other (red) trend line.

(Only 1 trade will be open at any one time).

**Closing Logic** - needs to have several options to allow trading on as many currency pairs as possible and to aid optimisation. Hence the following options need to be available for the Trader to choose from:

1. Fixed Take Profit in Pips (variable2)
2. Take Profit as % of Daily ATR (variable3)
3. Exit a sell when the Laguerre RSI moves above a certain (variable4) level either above 0.2 or exit a Buy trade when it falls below the same (variable) level below 0.8 (variable) - no wait for close of candle, simply close when it moves past the level set by the Trader.
4. When 2 indicator lines cross again by %of Daily ATR (variable4) by showing reverse trade (N.B.If this happens it would be a signal to simultaneously close an existing trade and open a trade in the opposite direction).

The logic to close a trade can be left to Trader for his manual discretion or he can choose it to be either 1 or 2 or 3 (only one of them, not an either/or situation) above.

In the event that no closing logic is selected by the trader then option 4 will always be present and will always override all the other closing logics i.e. it is the default if all else fails or nothing else is selected.


------> SEE FULL DESCRIPTION <-------


## Deliverables

Forex Metatrader4 Expert Advisor EA program

**Based on Laguerre Filter, Laguerre RSI and ATR indicators (mq4 files available).**

The Laguerre Filter is an indicator system of moving averages, smoothed - at point of crossing is a potential entry signal.

**Opening Logic** - At cross of red and blue Laguerre Filter indicator lines, (and after close of candle during which the crossover occurred) - enter trade in direction of Blue indicator line when it is % (variable 1) of ATR beyond the other (red) trend line.

(Only 1 trade will be open at any one time).

**Closing Logic** - needs to have several options to allow trading on as many currency pairs as possible and to aid optimisation. Hence the following options need to be available for the Trader to choose from:

1. Fixed Take Profit in Pips (variable2)
2. Take Profit as % of Daily ATR (variable3)
3. Exit a sell when the Laguerre RSI moves above a certain (variable4) level either above 0.2 or exit a Buy trade when it falls below the same (variable) level below 0.8 (variable) - no wait for close of candle, simply close when it moves past the level set by the Trader.
4. When 2 indicator lines cross again by %of Daily ATR (variable4) by showing reverse trade (N.B.If this happens it would be a signal to simultaneously close an existing trade and open a trade in the opposite direction).

The logic to close a trade can be left to Trader for his manual discretion or he can choose it to be either 1 or 2 or 3 (only one of them, not an either/or situation) above.

In the event that no closing logic is selected by the trader then option 4 will always be present and will always override all the other closing logics i.e. it is the default if all else fails or nothing else is selected.

**Stop Loss:**

1. Stop Loss as % of Daily ATR (variable5)
2. Stop Loss as fixed number of pips (variable6)
3. If neither option is specified then trade will automatically close when the Laguerre Filter lines cross again (as detailed in Closing Logic 4 above)

**Lot Size :**

Lot size(variable7) will be dynamic, not static i.e. it will be based on volatility using the ATR indicator, lot size is inversely proportional to volatility. So in low volatility lot size will be relatively large and vive versa.

The external variable7 will be set by the trader and needs to be double variable in the region 1,2,3,4,5,6 etc so a formula for the lotsize calculation will look something like:

Variable7 * Account Balance * .01 / (Daily ATR * Contract Size)

This calculation may need further clarification but essentially it needs to produce to allow a variable to be input by the Trader that is proportional to amount risked and is relative to the ATR.


**Other Variables required:**

Maximum currency spread (variable8) to be set by the Trader - if not quantified then any spread is acceptable.
Gamma (variable9) on the Laguerre Filter - default = 0.8
Gamma (variable10) on the Laguerre RSI - default=0.5
ATR period (variable11) - default=14
MagicNumber (variable12)

**Also Required:**

Source code for EA. Also the EA must be well commented throughout to enable any other programmer to easily understand the logic and make adjustments as necessary.




**Time Line:** Within 3 days of job allocation - I will then need time to analyse the EA, I will perform 3year backtests using different settings and analyse each trade to ensure the EA is functioning as it should. I would need 3 or 4 days to do that and funds can be released when the EA functions as described.

I would also expect that in the event that live trading exposes bugs in the coding of the EA (as opposed to the logic of the trading system) then these are corrected

**Job Allocation/Coder Selection:** I am not concerned whether as a coder you have vast experience or none but I do need the job done within the specified time and to the specified criteria. I would suggest you need Forex EA coding experience in able to be able to complete this task successfully. I need a Coder who understands what a Trader needs.

I will be sensitive to price so if you aim to quote at above average rates then there probably will be no point in tendering you bids.

Simple, clear and effective communication is essential so you will need to have a good understanding of English and also to be able to communicate that in written format.

I am looking for a long-term partnership because I will have many jobs I need coding, both large and small. I want an on-going relationship where I pay for work on a pre- agreed price basis - if the job is small I don't pay so much, if a large job I pay proportionally.

I appreciate there is quite a bit of information to take in and I have tried to be as explicit as possible but if you require further clarification then please feel free to contact me.

Skills required:
PHP, Software Architecture, Software Testing
Additional Files: vw_2011___04___24___indicators_RAC_NameCryptedToProtectYourPrivacy_X2011424152149829093322611441241687266127.zip
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gaurasrs United Kingdom
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