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Specification
I need someone to build a simple trading bot for me.
The idea of the trading system is as follows:
I currently run an indicator on a trading platform (fondex) that pushes signals to my Telegram app.
Note: Trading can only be done on a cent account.
The signals informs on what trades to execute (Buy/Sell) for a particular pair. I majorly trade Gold, WTI (Oil), XPTUSD-Platinum, Nat-Gas.
Trading Signals:
Once a Buy Signal shows up : Bot would execute 5 sell trades 50pips apart at 0.01lot and 10 buy trade 100 pips apart at 0.01 to 0.05. TP for every trade will be staggered from 100 - 500pips. If market continues in a Downward trend after the 10th buy trade, the bot will continue to buy (3x) every 250pips apart at a set lot size (0.03) until market reverses to where the first BUY trade was executed. TP for every trade will be set at 250 - 500pips staggered.
Once a Sell Signal shows up : lot size 0.01 - Bot would execute 5 buy trades 50-100pips apart and 10 sell trade 100 pips apart. If market continues in a Upward trend after the 10th buy trade, the bot will continue to Sell (3x) every 250pips apart at a set lot size until market reverses to where the first SELL trade was executed.
Note:
1. The lot size 0.01 - 0.05 should be adjustable
2. The pip buy or sell intervals should be adjustable between 20 - 500
3. The bot would only respond to signals from telegram whether BUY or SELL.
4. The TP points for the bot should be adjustable to the original start point of the trade (For example: GOLD: If a BUY signal comes in at 1980.00, the bot will open BUY trades 100pips apart (lot size 0.01 - 0.05) from 1979.00 to 1970.00 with 100 - 500pips tp. Thereafter, the bot will open BUY trade 250pips apart from 1968.50, 1966.00, 1963.50,........... until market back to reverses to 1980.00.
AT THE SAME TIME, the bot would execute SELL trades 50pips apart (lot size 0.01 - 0.05) from 1979.50,1979.00,1978.50,....... with 100 - 500pips tp
CONSIDER & IMPLEMENT:
1. Dynamic Lot Sizes: Implement a dynamic lot-sizing strategy based on factors such as recent volatility, account equity, or a percentage of risk per trade. This ensures that lot sizes adjust according to the prevailing market conditions2. Adaptive Take Profit: Instead of a fixed range, set TP levels based on recent price action, support/resistance levels, or volatility. This can help optimize profits while considering the current market environment.
3.Consider Additional Confirmation Indicators: Integrate additional indicators or signals to confirm the strength and direction of the trend before executing trades. This can reduce the likelihood of entering trades based on false signals
THE ABOVE EXPLANATION IS BASED ON MY CURRENT EXPERIENCE.
NOTE: Adjustment/Modifications would be made to the bot on an ongoing basis as needed, therefore it needs to be flexible to allow for changes to lot sizes, tp and number of executable trades per signal
I need something that can run on my MT5 and MT4 platforms and can be linked to my Telegram bot to access the signal.
Would need about 2weeks to run application/bot on demo to verify that its working as intended and it can be modified.
