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Job Details

DR/IDR based strategy Expert advisor

  2025-08-08     Mql5     all cities,HI  
Description:

Read the Rules before you post an order or execute it.

Looking for a developer who can make a simple Trading Bot on MT5 for DR/IDR based on my rules.

Intro:

M5 bar close above/below certain session hour range, then place order immediately. Then wait for TP/SL.

  1. 5M Time frame
  2. Pair to be selected by user (Forex)
  3. Identify DR (1 hour range from X to Y time)
  4. Identify IDR (1 hour range from X to Y time)

Open Trade:
Position opens when price closes above/below DR M5. This range needs to be defined for example after ARD (19:30-20:30 UTC-4) from 20:35 - 2:00.

TP to be set by user as part of parameter settings (e.g., 40 Pips).

SL to be set at opposite side of DR + pips.

2 x setups per range (for example long, if long fails and reaches SL open sell if all parameters are met).

Parameters input:

  1. Time Frame: 5 Minutes
  2. Session to be used: ADR / ODR / RDR (to be selected which one to be used)
  3. Trading range hours
  4. Lot size to be used
  5. TP Target

Example below:

  • ADR Range in use (19:30 - 20:30 UTC-4) Asian session
  • Candle closed through DR high
  • Buy order to activate immediately
  • TP Target to be set in parameters (e.g., 40 pips)
  • SL Target to be at the DR Low + 2 pips
  • In this scenario, it was a win

Example below:

  • ADR Range in use (19:30 - 20:30 UTC-4) Asian session
  • Candle closed through DR high
  • Buy order to activate immediately
  • TP Target to be set in parameters (e.g., 40 pips)
  • SL Target to be at the DR Low + 2 pips
  • 1st trade was a loss for approx 16 pips
  • Very last candle in the selected timeframe closed below DR Low
  • Sell order to activate immediately
  • TP Target to be set in parameters (e.g., 40 pips)
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