i need to build a trading bot that can find supply and demand zones on the any timeframe and take trades of them by setting buy limit and sell limit and market execution when it gets to any of the zone after checking confluences with any of this 6 candlesticks patterns mentioned below, the bot should be able to know when demand and supply zones form(momentum candles) and take trades with the market returns to those zones after seeing any of this candle pattern occurring on the zone
1.pin bar or reverse pin bar
2.dragonfly doji or gravestone doji
3.bullish or bearish engulfing
4.inside bar bullish or bearish
5.morning or evening star
6.tweezer top or bottom.
Note. Any of these candlesticks patterns mentioned above must form before the EA will execute trade on the supply or demand level
Mostly on the H1 and H4 timeframe, this bot should be capable of locating new demand and supply zone once formed thereby rendering pervious supply and demand obsolete. demand and supply zones it chooses should as well be made visible on the chart with red color for supply and blue color for demand using a rectangular shape.
the bot should be trend friendly as well
Lotsizes should be adjustable and also automatic by using a percentage of account size/equity making use of adequate
e.g 2 percent of the equity converted into equivalent lot can be used on a particular trade. the percentage settings should be adjustable as well for the end user
this bot should be able to take only 1-3 trade in a day and can open 2 positions on a trade
stop loss should be 30pips above or below zones and take profit should be 3x the sl . breakeven should be added after 40 pips in profit.
this bot will should be able to trade on deriv synthetic pairs and currency pairs as well.
Lastly the bot should be able to send its activities notification to the end user like when it spots a demand or supply zone and when it takes trades off it, and also when it hit take profit or stoploss
Extra confirmations suggestion to make this bot better by the programmer is accepted.
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