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Smart Mean-Reversion Scalper EA

Institutional-Grade Expert Advisor Development

🤖

MetaTrader 5 Expert Advisor

Professional automated trading system
Designed for $5,000 personal trading accounts

Project Value
$1,200
Timeline
3 Weeks
Target Win Rate
55-65%
Account Size
$5,000
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🎯 Project Overview

📊 Trading Strategy

Mean-Reversion Scalper with RSI, Bollinger Bands, and EMA trend filter designed for forex major pairs and gold (XAU/USD).

🎯 Target Markets

Forex Major Pairs (EURUSD, GBPUSD, USDJPY)
Gold (XAU/USD)
Optimized for M15 and H1 timeframes

💰 Account Specifications

Starting Capital

$5,000 USD
Personal trading account
Conservative growth approach

Risk Parameters

0.5% per trade
Maximum 2.5% daily exposure
Weekend gap protection

💡 Core Philosophy

"Protect the $5,000 like it's $5,000,000. Compound conservatively. Survive first, profit second."

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⚙️ Core Strategy Components

🔧 Technical Indicators

200 EMA - Trend filter on 1H timeframe
RSI (14) - Oversold/overbought detection
Bollinger Bands (20, 2) - Breakout signals
ATR (14) - Dynamic stop loss sizing

📈 Entry Rules

🟢 BUY Signal

  • Price touches Lower Bollinger Band
  • RSI < 30 (oversold condition)
  • Price above 200 EMA (bullish trend)
  • Bullish engulfing pattern confirmation

🔴 SELL Signal

  • Price touches Upper Bollinger Band
  • RSI > 70 (overbought condition)
  • Price below 200 EMA (bearish trend)
  • Bearish engulfing pattern confirmation

🎯 Exit Strategy

Take Profit

2:1 risk-reward ratio
Target: Middle Bollinger Band

Stop Loss

Dynamic based on swing highs/lows
Optional: 1× ATR trailing stop

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🛡️ Risk Management Framework

⚡ Wealth Protection Core

🚨 Critical Safety Features

  • Weekend Gap Protection - Mandatory position closure by Friday 20:55 GMT
  • Daily Loss Circuit Breaker - 2-3% maximum daily loss
  • Consecutive Loss Prevention - 3-loss automatic pause
  • Drawdown Recovery Protocol - Triggered at 10%+ drawdown

📊 Adaptive Risk Engine

Default Risk
0.5%

$25 per trade

Maximum Risk
0.8%

$40 per trade

Daily Exposure
2.5%

$125 maximum

Max Positions
4

Simultaneously

📅 Friday Risk Tapering

Time (GMT) Risk Multiplier Action
00:00-12:00 1.0x Normal operations
12:00-16:00 0.8x Reduced risk
16:00-18:00 0.5x Minimal risk
18:00-20:00 0x No new trades
20:00-20:55 - Force close all
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🚀 Advanced Features

🎯 Multi-Strategy Controller

60% - Conservative Mean Reversion (Primary)
25% - Selective Breakout (High probability)
15% - Trend Following (Strong signals)

⏰ Session & Timing Optimizer

Session Trading Status Risk Level
Asian (00-08 GMT) Limited* 0.4% max
London (08-12 GMT) OPTIMAL ⭐ 0.5% full
NY Open (12-16 GMT) OPTIMAL ⭐ 0.5% full
London/NY Overlap (13-16 GMT) PREMIUM 🏆 0.6% best
NY Close (16-20 GMT) Reduced 0.4% max

*Gold exception: Avoid Asian session completely

📰 Economic Calendar Integration

  • High Impact News: No trading 30 minutes before/after
  • Medium Impact: Reduce risk by 50%
  • NFP, FOMC, CPI: No trading entire session
  • Auto-fetch from investing.com or forexfactory
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🌍 Asset-Class Optimization

💱 FOREX MAJORS (Primary)

EURUSD - Tight spreads, high liquidity
GBPUSD - Larger moves, trending behavior
USDJPY - Clean technical patterns

🥇 GOLD (XAUUSD) - Secondary

⚠️ Special Gold Rules

  • ONLY trade London/NY sessions
  • NEVER Asian session (low liquidity)
  • Higher volatility = Lower position size (0.4% max)
  • News-sensitive: Strict calendar filtering required

📊 Risk Allocation by Asset

Asset Class Max % of Capital Max Positions
Forex Majors 1.5% 3
Gold 0.8% 1
Indices 1.0% 2
TOTAL 2.5% 4 max

💡 Correlation Control

Maximum 2 correlated pairs simultaneously to prevent overexposure to similar market moves.

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📈 Expected Performance

🎯 Conservative Projections

Monthly Target
3-8%
Max Drawdown
<15%
Win Rate Target
55-65%
Risk:Reward
2.5:1

📊 Growth Timeline

Year 1 Projection

$5,000 → $10,000
12-18 months timeframe
Sustainable compound growth

Risk Metrics

Sharpe Ratio: >1.5
Recovery Time: <2 weeks
Consistency: 70%+ winning months

📉 Drawdown Management

Current Drawdown Action
0-5% Normal operations
5-10% Reduce risk by 30%, increase R:R to 2.5:1
10-15% Reduce risk by 50%, increase R:R to 3:1, pause 1 day
15-20% Reduce risk by 70%, manual review required
>20% PAUSE - Manual intervention only
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📦 Project Deliverables

💻 Software Components

Compiled EA (.ex5 file) for MT5
Full MQL5 source code (850-1,500 lines)
Modular class architecture
Complete code documentation

📚 Documentation Package

Installation and setup guide (PDF)
User manual with parameter explanations
Backtesting report (current market data)
Performance dashboard setup guide

🛠️ Technical Features

Risk Management

  • ✓ Automatic position sizing
  • ✓ Daily drawdown limits
  • ✓ Weekend gap protection
  • ✓ News event filters
  • ✓ Session time controls

User Controls

  • ✓ Adjustable indicator parameters
  • ✓ Enable/disable filters
  • ✓ Customizable risk percentage
  • ✓ Trailing stop toggle
  • ✓ Comprehensive logging

🔄 Revisions & Support

  • 2 rounds of revisions based on your feedback
  • Unlimited days post-delivery support for bug fixes
  • Modifications beyond scope will be quoted separately
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📅 Project Timeline

⏱️ Development Schedule (3 Weeks)

Days 1-2: Strategy Architecture

  • Strategy logic mapping
  • System architecture approval
  • Development environment setup

Days 3-7: Core Development

  • Core EA functionality implementation
  • Indicator integration (200 EMA, RSI, Bollinger Bands, ATR)
  • Entry/exit signal generation
  • Candlestick pattern recognition

Days 8-10: Risk Management

  • Position sizing calculator
  • Daily loss tracking system
  • Weekend gap protection
  • Correlation control implementation

Days 11-12: Testing & Debugging

  • Initial testing on demo account
  • Bug identification and fixing
  • Performance optimization

Day 13: Version 1.0 Delivery

  • EA delivery with documentation
  • Initial backtesting report
  • User manual and setup guide

Days 14-18: Revision Period

  • Client feedback collection
  • Implementation of requested changes
  • Additional testing

Day 19: Final Delivery

  • Final version approval
  • Complete documentation handover
  • Support period begins
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💰 Investment & Pricing

Project Fee

Total Project Investment

$1,200

Fair value for moderately complex EA

💳 Payment Milestones (via Upwork)

Milestone 1 - Start
30%

$360
Upon project acceptance

Milestone 2 - Delivery
40%

$480
Upon code delivery

Milestone 3 - Completion
30%

$360
After successful testing

📋 What Each Milestone Includes

Milestone 1 ($360)

  • Strategy confirmation
  • System architecture approval
  • Development begins

Milestone 2 ($480)

  • EA completed and delivered
  • Documentation provided
  • Initial testing completed

Milestone 3 ($360)

  • Revisions completed
  • Final version approved
  • EA performs as expected
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🤝 Future Collaboration Pricing

📊 Tiered Pricing Structure

Simple EA
$750

Basic indicators, simple logic

Moderate EA
$1,200

Like this project

Complex EA
$2,500

Multi-strategy, advanced features

🎁 Volume Discounts

3+ EAs per Quarter

10% Discount

Save $120-$250 per EA

5+ EAs per Quarter

15% Discount

Save $180-$375 per EA

⏰ Hourly Rate for Modifications

$35/hour

  • EA modifications and enhancements
  • Bug fixes after warranty period
  • Optimization and parameter adjustments
  • Monthly maintenance (retainer available)

Long-Term Partnership Benefits

Priority support • Faster turnaround • Strategic consultation • Custom solutions

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⚠️ Important Disclaimers

🚨 Trading Risk Acknowledgment

By proceeding with this project, you acknowledge:

  • No Performance Guarantees: This EA is a software tool only. No guarantees regarding profitability or results.
  • Trading Risks: Forex and gold trading involves substantial risk of loss. Past performance ≠ future results.
  • Not Financial Advice: I am a software developer, not a financial advisor.
  • Testing Required: Test thoroughly on demo account before using real funds.
  • Your Responsibility: All trading decisions and outcomes are your responsibility.
  • No Liability: Not liable for trading losses or financial harm from software use.

⚙️ Technical Disclaimer

  • This EA is designed for MetaTrader 5 only
  • Performance depends on broker execution, spreads, and slippage
  • Market conditions may affect EA performance
  • Proper installation and configuration required
  • Requires stable internet connection and VPS for 24/7 operation

📜 Risk Warning

Trading forex, gold, and CFDs on margin carries high risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. You should carefully consider your investment objectives, level of experience, and risk appetite before deciding to trade.

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📋 Terms & Conditions

🔐 Ownership & Usage Rights

  • You'll receive the compiled EA for your use
  • May use on unlimited accounts under your control
  • You may decide to resell, redistribute, or share the EA if you wish

🤝 Confidentiality

  • Your trading strategy remains confidential
  • I will not share or reuse your specific strategy logic
  • Both parties agree to keep project details confidential

🔄 Revisions Policy

  • Unlimited rounds of revisions included for changes within original scope
  • Changes outside original scope will be quoted separately
  • Revisions completed within 2-5 business days

🛠️ Support Period

  • Unlimited days of bug fix support from final delivery date
  • Bug fixes cover technical errors in the code only
  • Does not include strategy modifications or enhancements
  • Support provided via Upwork messaging whenever required

💳 Payment Terms

  • All payments processed through Upwork milestone system
  • No refunds after Milestone 2 is released
  • Source files delivered only after full payment
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📞 Cancellation & Communication

🚫 Cancellation Policy

Before Milestone 1

Full refund available
No work started yet
No penalties

After Milestone 1

Work completed to date is non-refundable
Pro-rated refund for remaining work
All delivered code remains yours

💬 Communication Guidelines

All project communication via Upwork messaging
Response time: Promptly within business hours
Available for calls via Upwork video chat as needed
Regular progress updates throughout development

📊 Progress Tracking

You'll receive regular updates on:

  • Development progress and milestones completed
  • Any challenges or decisions requiring your input
  • Testing results and performance metrics
  • Estimated completion timeline adjustments

🎯 Quality Assurance

Every deliverable goes through rigorous testing before being sent to you. I take pride in delivering clean, well-documented code that performs as specified. Your satisfaction is my priority.

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🚀 Next Steps

✅ Getting Started

Step 1: Review Proposal

Carefully review this proposal and let me know if you have any questions

Step 2: Confirm Scope

Confirm the scope matches your requirements and expectations

Step 3: Accept Contract

Accept the Upwork contract with Milestone 1 funded ($360)

Step 4: Development Begins

I'll begin work immediately and provide regular updates throughout the process

Let's Build Your Trading Success Together

I'm excited to work with you on this project and help you automate your trading strategy professionally. Based on our discussion, I believe this EA will meet your needs and serve as a foundation for future collaboration.

Questions?

Please don't hesitate to ask if anything needs clarification. I'm here to ensure this project succeeds and meets your expectations.

Looking forward to building a successful long-term partnership!

Best regards,
Osborn

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