Spezifikation
Hello,
looking for a developer which can make a Trading Bot on MT5 for DR/IDR based on my rules.
Intro:
If M5 candle close above/below certain session hour range, then place order immediately.
Take profit is based on RR and can be adjusted in the settings by user
Stop loss by default should be set at 53% of range but can be adjusted in the settings by the user
Break even can be adjusted in the settings by the user
Reference:
the "TheMas7er" DR/IDR concept explain
3 DR session explain
3 DR session:
ARD: 19:30-20:30 UTC-4
ODR: 3:00-4:00 UTC-4
RDR: 09:30-10:30 UTC-4
I would like to be able activate and deactivate the range the bot use(s)
I also would like to be able to adjust the times for each range in the settings
MT5 DR/IDR Indicators
https://www.mql5.com/en/market/product/92577?source=Site+Profile+Seller
M5 bar close above DR level mean confirm trading direction bias
1. 5M Time frame
2. Pair to be selected by user (Forex) (Indices) (Commmodities) (Crypto)
3. Identify DR (1 hour range from X to Y time) to be selected by user
4. Identify IDR (1 hour range from X to Y time) to be selected by user
Open Trade:
Position open when price closes above / below DR M5
(would also like the option to adjust setting to open an order when price wicks/break above/below DR M5)
This range needs to be define 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 example (5R)
Parameters input:
Time Frame: 5 Minutes
Session to be used ADR / ODR / RDR ( to be selected which one to be used)
Trading range hours
Risk percent based on account balance
TP Target based on RR
SL can be adjusted based on range. For example (53% of DR) or (102% of DR)
Example below:
ADR Range in use (02:00 - 03:00 EST) London session
Candle broke above DR high
Buy order to activate immediately
TP Target to be set in parameters 4.09R
SL Target to be set in parameters 65% fib
Break even to be set in parameters, activated at 1.13R
Example below:
ADR Range in use (07:00 - 08:00 EST) New York session
Candle closed through DR high
Buy order to activate immediately
TP Target to be set in parameters 1.82R
SL Target to be set in parameters 131% of DR
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