Convert MT4 custom Indicator into Trading EA
I require the services of a talented MT4 programmer who is fluent in written and spoken English, capable of converting an existing custom indicator into a working Metatrader 4 EA.
The successful bidder must be very conversant in financial markets particularly Forex and understand key trading concepts
The custom indicator I wish to modify plots supply and demand levels noted as rectangles shown on chart and the file will be submitted to the successful bidder. It is intended to be used on 15min, 1hr, 4hr, daily, weekly and monthly charts
There will be three iterations of the EA required. All based on the same concept, namely:
1) Convert the current indicator into a trading EA, taking fresh supply/ demand levels only with position sizing capability. based on one time frame.
2) Convert the current indicator into a trading EA that trades only with a confluence of supply or demand level levels on two or more time frames on the same currency pair (within a specified pip tolerance for each time frame). With automatic position sizing capability and a specified reward to risk ratio for target levels
3) As per item 2) but target is set as a percentage distance from the buy or sell zone and the next supply or fresh demand level in the direction of the trade
All trades will need to have the following adjustable criteria
a) Specify what a "pip" value is... (changes for each currency)
b) Set a minimum trade stop distance in pips to override smaller box formations
c1) Specify the no. of pips to buy above a demand level box
c2) Specify the no. of pips below the bottom of a demand box to place stop loss
d1) Specify the no. of pips to sell below a supply level box
d2) Specify the no. of pips to buy above the top of a supply level box to place stop loss
e) Specify the minimum distance (in reward to risk terms) allowed between the demand box (for buy orders) and supply boxes (sell orders) and any supply or demand boxes in the direction of the intended trade
f) Need to be able to place limit buy and sell orders with contingent stop loss and targets levels preset
g) Only make orders visible within 15pips of the proposed buy or sell levels
h) Cancel working orders if the price gets within a certain pip range and then gets to over a specified % to target level
i) For multiple time frame confluences, it trades the lower time frame box only
There will no doubt be a lot of two way communication during the development process so being able to communicate clearly via email or skype is very important
Project will be awarded to the freelancer with a proven track record in MT4 code development
If any further information is required do not hesitate to ask. Please quote in $NZD
Adding screenshot of custom indicator to show what you will be adding trading functionality to.
At this stage I am still in the testing phase and looking to gather statistics using the EA to see if it has an edge.
I am also very interested in seeing if you can reference multiple time frames (with set pip tolerances for each timeframe) to look for clusters of these levels.
This chart is current as of <1 hour ago and taken on a demo account AUDCHF with a 13pip stop and already hit T1