Seeking Developer for Gold Trading Telegram Bot - Simple Yet Effective Strategy

Job finished

Execution time 72 days

Specification

I am looking for a skilled developer to create a straightforward trading bot for GOLD. The bot should perform the following tasks:

1. Telegram Integration:

  • Enable the bot to seamlessly receive and interpret orders from Telegram.

2. Order Specification:

  • Identify the trading pair (GOLD), trade type (buy/sell), and receive stop loss and 3-4 take profit levels from Telegram messages.

3. Order Execution:

  • Execute three orders using a simple strategy:
    • First Order: First take profit, stop loss adjusted by ±2 (buy/sell).
    • Second Order: Second take profit, stop loss adjusted by ±1 (buy/sell).
    • Third Order: Third take profit with the same stop loss as specified in the Telegram message.

4. Profit Management:

  • When the price moves 16 pips in the profitable direction (GOLD):
    • Close half of the positions.
    • Set breakeven for all open trades.

5. Adaptive Trading:

  • If the price moves against the trade and hits the first and second stop losses:
    • Enter a new trade once the second stop loss is hit.
    • Double the lot size compared to the initial trades.
    • Set the stop loss for the new trade at the same level as the third order's stop loss in the original message.
    • Adjust the take profit for the new trade to be the entry level of the third order, adjusted by ±1 (buy/sell).
    • Amend the take profit for the last active trade (third order) to match the entry level.

I am open to discussions regarding further details and customization options, as well to develop bot to understand orders for more other pairs than gold. Please share your expertise and approach to address these requirements.


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Developer 1
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Published: 24 articles, 1882 codes
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Project information

Budget
50+ USD
Deadline
from 1 to 3 day(s)