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Hedge Trading System Based On Cointegration and Correlation

Project Details:

I need a programmer with high experience of MT4 MT5 programming and Forex Strategy understanding.

Project Descriptiom:

EA is based on hedging by using correlation pairs. The main functions of the EA are to find the right entry points and after the entry to close the orders with 1,5% profit.

If the trade situation changes and the price is hitting the other way as expected the EA is supposed to open additional orders for both opened positions (max. 5 for each position).Every following opened position must have the difference of 2% between each additional orders. This is called hedging with grid elements. EA must analyze the price movement on each instrument to consider the trend direction. ( I would like to have suggestions from the developer )

Our EA must work only with GBPUSD/EURJPY, EURUSD/GBPJPY, EURGBP/USDJPY pairs.

Only 2 pair will entry on trade at the same time. Which pair will entry, depends on correlation difference.

One way is to use a correlation coefficient to determine how closely two instruments are related.

In general, it's a good idea to focus on quantifiable data, such as "I will enter a pairs trade when price ratio exceeds two standard deviations." Buy the underperformer and sell the overperformer.

In practice, a pair transaction works as follows: at one time, we buy the undervalued currencie and sell the overvalued. If the assumption of the reunification of their prices is confirmed (which has been statistically proven), we collect the profit. It is irrelevant whether the profit is generated by the growth of the undervalued , a drop in the overvalued one, or any other combination of price fluctuations. What matters is that we collect our profit when the difference in prices is reduced.

I need a programmer with high experience of MT4 MT5 programming and Forex Strategy understanding.

20 days

Skills: Algorithm, C Programming, C++ Programming, Metatrader, Software Architecture

See more: pairs trading in r, cointegration pairs trading excel, pairs trading cointegration, pair trading strategy pdf, list of cointegrated stocks, pairs trading machine learning, pair trading strategy example, cointegration hedge ratio, software architecture, metatrader

About the Employer:
( 0 reviews ) Frankfurt am Main, Germany

Project ID: #19975204

31 freelancers are bidding on average $2301 for this job

devexpertsteam

Hello, We are IT-Engineers and Business Analysts, creating complete web and mobile solutions, for already more than 15 years, supporting our products with custom digital marketing strategies and instruments. Befo More

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akuntysh

Hello, My name is Alexei, I would be happy to work with you! MetaTrader4/5 are one of my specializations and with more than 10 years of MQL4/MQL5 development experience, I have worked on several hundreds of simil More

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matharpa

Hi, I am expert in making EA and CI for MT4/5. You can see my review in this website that I have done many good job for making EA and CI for MetaTrader.

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iadip

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kenb080

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shaktistanwar

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HamdiGarraz

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Majkan

Hello, i'm Milan, software engineer and developer, usually working on various forex trading solutions using MT4 platform. I already made very similar solution and logic, it was actually an arbitrage bot, but i can mod More

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nidhalnouma

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buildorbust

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ianoc

Hi there, I was invited to bid on your project by the project recruiter Nicholas and I'd be glad to help you out with this Hedge Trading System. I've got 15+ years of professional experience in programming which inclu More

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Iwori

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Husanboy

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SecureForYou

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rgvwp

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Miha15

I can done this work properly and in time. I have experience in trading at Forex for more than 13 years. I have my own trading system. I have already created some dozens of EAs and custom indicators.

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skilfulcoder

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Stonev

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Ivan927

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David1732

Guten Tag! Sprechen Sie Deutsch? Es klingt nach einer interessanten Hedging-Strategie. Trend direction könnte man zum Beispiel mit einem MA messen. Auf welcher Zeiteinheit soll getradet werden? H1? Freundliche Grüsse, More

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