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I want to create a trading robot that uses candlestick patterns to make trades. The robot will be based on a set of rules that I will provide in a series of short videos. Once the robot is placed on a chart, the user can choose whether to buy or sell, as well as the number of trades to open. The robot will then only trade in the chosen direction.
For example, if the user places the robot on a chart, chooses to buy, sets the number of trades to open to 2, and selects the 1-hour time frame, then at the end of each 1-hour candle, if it is still a bullish candle, the robot will open 2 buy positions. The robot will continue to open buy positions with the same lot size and number of trades as long as the next candle is bullish. If the next candle is bearish, the robot will not perform any tasks until the next bullish candle appears.
The robot’s parameters will include lot size, buy/sell direction, number of trades to open, take profit (TP) and stop loss (SL) levels, maximum spread filter, time and date filter, General SL and TP levels (where once the price reaches these levels, the robot will automatically close all positions), and an overall gain or loss pip counter displayed on the chart, and notification.
PICTURE EXPLANATION:
The trading robot uses candlestick patterns to make trades and follows a set of rules based on the user’s input. The user can choose whether to buy or sell, as well as the number of trades to open and the time frame. The robot will then only trade in the chosen direction and will continue to open positions as long as the candlestick patterns indicate that it is favourable to do so. If the candlestick patterns change, the robot will stop trading until the patterns indicate that it is favourable to trade again. Is there anything else you would like to know about the trading robot? 😊
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