Custom Expert Advisor Request Form

Please submit your projects by answering the following questions and emailing to customEA@thetrademachine.com

Please provide complete and accurate system specifications to prevent any miscommunications and delays. Taking the time to clearly describe the rules of your system will help the project run smoothly and quickly. Once we receive your project description we will respond to you within the week.


Expert Advisor Specifications:

1. Indicators: Include all indicators used in your system with their default settings.

2. Entry Strategy: Describe all rules and requirements for entering buy positions and all requirements for entering sell positions.

3. Lot Sizing: Describe your requirements for lot sizing. Consider the following options:

Fixed Lot Size – determined by an input value you can set

Percentage of Fluctuating Account Equity – determined by a percentage risk factor you choose, changing with your account equity as it changes.

Percentage of Fixed Account Size – determined by a percentage risk factor you choose and an account size value you can set with an input value. Trade percentages are based from the account size you choose, which can be updated periodically as you see fit.

Percentage of Equity and Stop Loss – If you want to risk an exact percentage of your account per trade, we can determine the lot size from percentage equity and whichever stop loss you choose. For instance, if you have a $10,000 account and you want to risk 2% equity per trade with a swing high/low stop loss, then $10,000 * 0.02 = $200 risk. To find the lot size, we first need to find the swing high/low. For example sake, let’s say the swing high is 60 pips away. Now we determine that the lot size = $200 / 60 pips = 3.33 units.

4. Exit Strategy: Describe all rules and requirements for exiting positions. Include your requirements for stop losses and take profits. Consider the following options:

Stop Losses:

Fixed Stop Loss – determined by an input value you can set

Swing High/Low – Stops are calculated based on a recent swing high or low price

Volatility Based Stop – Stops get wider as volatility increases and narrower as volatility decreases (volatility is typically calculated by average true range ATR).

Take Profits & Exits:

Fixed Take Profit – determined by an input value you can set

Trailing Stop Loss – Set the number of pips you want the stop loss to trail by.

Breakeven – Move the stop loss to breakeven after price is a certain number of pips positive

Indicator Based Exit – You can also use indicators as a trailing stop or take profit. For example, you can use a 20 day Moving Average as a trailing stop.

5. Extra Features: Finally, Describe any other features or requirements of your system.

6. Don't Foreget: Please include all your contact information:

• Your First and Last Name

• Your Email Address

• Your Phone Number

• Your Billing Address

Once you have completely described your trading system and answered all of the questions above, please email this to: customEA@thetrademachine.com