I am looking for a programmer to build a grid-martingale expert advisor in mql for Metatrader 4.
The expert should be provided as a mq4 format and I would keep all the proprietary rights on the EA.
Outlook of the strategy:
- Should work on any time frame, with any pair, with 4 or 5 digits brokers, ECN and non-ECN brokers
- Should be very very fast to backtest/optimize in MT4 (that’s key) ==> thus all entries and closes should be done at the opening of the next bar to make the open bar backtest in MT4 reliable
- Entry rules will be based on simple price action, not on indicators
Management of trades :
o If the market goes in the direction of the trade ==> close when target profit is reached (target profit should be optimizable)
o If the market goes into the opposite direction ==> open a basket of successive trades against the trend in the hope the market will retrace and close when target profit is reached or when the safety basket stop loss is reached
The safety basket stop loss will be a stop loss with close at a chosen portion of a percentage of equity loss (example : if equity loss is more than 20 % of balance account, then close trades accounting for z % of this 20% loss). This should be done by closing the oldest trades first and the EA should be able to continue with the basket i.e. continuing opening new trades until target profit is reached or until other basket stop loss is reached etc…
o Regarding opening of new trades, two methods can be chosen : lot multiplier or lot increments (the choice of one of the two will exclude the other). Both of them should be optimizable.
o Regarding pipsteps between each new trade open, two possible methods (to be chosen in the parameters) : 1) distance in pips between each trade (each pipstep can be different from each other) or 2) pipstep as multiple of ATR (both period and multiples optimizable)
Other options : time filter and news filter (ffcal news indicator is fine).
The programmer should also be available to support the EA until a final product is achieved.
11 freelancers are bidding on average $332 for this job
Hi, I have read your project requirements and the EA specification. I have coded similar ones, I can work for you. Please check PMB for further discussion. Thanks, trivietsales