I need a new forex trading robot based on price action and candle stick formation. This is for MetaTrader 4.

1. Indicators and Technical Analysis

Indicators: The robot integrates five core indicators:

Moving Average Tunnel (Periods: 12, 20, 50, 100, 200 for High, Middle, and Low averages)

RSI × 2 period 14 and 50

CCI × 2 period 100 and 200

Heiken Ashi

Investing.com Technical Summary

Technical Summary Calculation: The robot will consider these indicators and AI-based Investing.com signals to generate strong buy or strong sell signals, aiming to align across the majority or all indicators.

2. Timeframe Analysis and Execution Strategy

Multi-Timeframe Analysis:

Higher timeframes (Weekly, Daily, H4, H1) for analyzing trends.

Lower timeframes (H4, H1, M30, M15, M5) for executing trades.

Execution Based on Trend Confirmation:

A trend observed on a higher timeframe must be verified on a lower timeframe before entry. For instance:

W1 trend confirms on H4.

D1 trend confirms on H1

H4 trend confirms on M30

H4 trend confirms on M15

H1 trend confirms on M5.

3. Entry and Exit Criteria

Entry Signals:

Moving Average Tunnel:

Buy if the price crosses above the Moving Average Tunnel.

Sell if the price crosses below the Moving Average Tunnel.

RSI:

Buy if RSI > 50; Sell if RSI < 50.

CCI:

Strong buy when CCI > +100.

Strong sell when CCI < -100.

Exit Conditions:

Positions close automatically upon hitting specified take profit or stop loss levels.

4. Risk Management

Take Profit and Stop Loss:

Stop loss levels automatically close positions if hit.

Daily Drawdown Management:

Manage max daily drawdown by ensuring take profit targets are designed to hit and secure profits.

Position Tracking:

Dashboard panel to show the total open trades, enhancing awareness of position exposure.

5. Trade Management Features

Non-Repainting

6. Additional Trading Strategies

Trend lines:

Are critical in identifying trends and provide visual boundaries for uptrends or downtrends. Your trend line strategy involves:

Price action:

A price action-based MetaTrader 4 (MT4) trading strategy incorporating the Moving Average Tunnel, Commodity Channel Index (CCI), Relative Strength Index (RSI), and Heiken Ashi candles. This strategy will focus on identifying trend directions, reversals, and potential entry and exit points for your trading robot.

Momentum

A momentum trading strategy for your MetaTrader 4 (MT4) robot that incorporates the Moving Average Tunnel, Commodity Channel Index (CCI), Relative Strength Index (RSI), and Heiken Ashi candles.

Range, consolidation, or sideways markets

A range-bound, consolidation, or sideways markets using MetaTrader 4, integrating your requested indicators: Moving Average Tunnel, CCI, RSI, and Heiken Ashi. This strategy aims to help your robot identify range-bound markets and capitalize on buying at the lower end of the range and selling at the upper end.

7. Asset Class Compatibility

Trade execution is enabled across:

Forex Pairs

Stocks

Cryptocurrencies

commodities