MT5/MQL5 ALGO Trading Developer
M/S Vrb Publishers · Chennai · onsite · Posted 64d ago
About a minute. You'll make an account on the way through.
About this role
We are looking for an experienced MT5 / MQL5 Algorithmic Trading Developer to develop, test, optimize and maintain automated trading systems primarily for XAUUSD (Gold).
Position
MT5 / MQL5 Algo Trading Developer
Location: Chennai / Remote
Employment: Full-time / Part-time / Contract
Compensation: Competitive and negotiable based on experience and demonstrated capability.
Responsibilities
The selected developer will be responsible for:
- Developing fully automated MetaTrader 5 Expert Advisors (EAs) using MQL5.
- Converting manual XAUUSD trading strategies into executable trading algorithms.
- Developing strategies for 1-minute, 5-minute and other intraday timeframes.
- Implementing entry and exit conditions based on:
- Candlestick patterns
- Support and resistance
- Trend analysis
- Moving averages
- RSI
- MACD
- ATR
- ADX
- Volume
- Price action
- Dow Theory / market structure
- Developing advanced money-management and position-sizing systems.
- Implementing:
- Stop Loss
- Take Profit
- Trailing Stop
- Break-even
- Partial profit booking
- Dynamic lot sizing
- Recovery/hedging systems
- Developing appropriate safeguards for martingale or progressive lot-sizing strategies.
- Creating configurable trading sessions and news filters.
- Integrating economic-news or external data APIs where required.
- Developing communication between MT5 and Python where necessary.
- Performing backtesting using historical tick data.
- Conducting forward testing on demo accounts.
- Optimizing strategies without excessive curve-fitting.
- Preparing detailed reports showing:
- Profit factor
- Maximum drawdown
- Win rate
- Expected payoff
- Recovery factor
- Total trades
- Monthly returns
- Troubleshooting and maintaining existing Expert Advisors.
- Protecting the confidentiality and source code of proprietary trading strategies.
Essential Technical Skills
Candidates should have strong experience in:
- MQL5
- MetaTrader 5
- Expert Advisor development
- MT5 Strategy Tester
- XAUUSD / Forex trading systems
- Backtesting and optimization
- Risk-management programming
- Trade execution and order-management logic
Preferred Additional Skills
Preference will be given to candidates with experience in:
- Python
- MetaTrader 5 Python API
- REST APIs / WebSocket APIs
- Economic news APIs
- Machine learning for financial markets
- AI-assisted trading systems
- SQL / databases
- VPS deployment
- Git / version control
- TradingView / Pine Script conversion to MQL5
Trading Knowledge
The candidate should understand concepts including:
- Bid/Ask spread
- Slippage
- Broker execution
- Stop levels
- Tick size
- Point/pip calculation
- XAUUSD contract specifications
- Margin and leverage
- Hedging
- Position sizing
- Drawdown management
- Risk-to-reward ratio
- Trading sessions
- High-impact economic news
- Scalping strategy behaviour
Experience specifically with Gold/XAUUSD scalping EAs will be a major advantage.
Candidate Requirements
- Demonstrable experience developing successful MT5 Expert Advisors.
- Ability to show previous MQL5 projects or portfolio.
- Strong debugging and analytical ability.
- Ability to translate trading rules accurately into software logic.
- Good communication and documentation skills.
- Willingness to sign a Non-Disclosure Agreement (NDA) covering proprietary trading strategies and source code.
Important
Applicants should be prepared to demonstrate a previously developed MT5 Expert Advisor or complete a small technical assessment before final selection.
We are particularly interested in developers who understand that good algorithmic trading development requires not only programming ability but also proper risk management, realistic backtesting and live-market execution considerations.Role & responsibilities
Preferred candidate profile
Perks and benefits
Sourced from naukri