Description

I hope this message finds you well. I'm in need of a robust and adaptable algorithm for day trading the NASDAQ 100 indices on MetaTrader 4 and 5. I'm looking for a single-market trend-following system with the following specifications:

Market: NASDAQ 100 indices
Timeframes: 5-minute, 1-minute
Entry: Trades initiated at order blocks
Exit: Trades closed upon reaching a Fibonacci target
Compounding: Winning trades compound, with a limit of two consecutive wins before resetting to the original risk per position of 0.50 percent
Risk Management: Maximum daily loss capped at 2.5 percent
Stop Loss: ATR-based stop losses at order block entries, ranging from 1 to 2 times the ATR
I'm looking for an algorithm that is simple yet adjustable, allowing for easy parameter modifications. Additionally, I'm interested in expanding its functionality to trade FX, commodities, and cryptocurrencies while maintaining the same parameters.

Could you provide insights on any additional features or considerations that could enhance the algorithm's performance? Also, I'd appreciate an estimate of the time required for initial development, ongoing maintenance, and the feasibility of extending its capabilities to other markets.

Looking forward to your insights and potential collaboration on this project.