Session Momentum Bot Adjustment to Code to only allow one entry per day

Job finished

Execution time 8 days
Feedback from employee
It was great working with you on this project, looking forward to future collaborations.
Feedback from customer
The best, just work with Saad, don't consider others, plain and simple.

Specification

Need to execute the below scope in the next week.

1) Need to correct code for the existing trading robot so that only one trade per day occurs (currently it allows 2-3 trade per day)

See below for strategy overview and screen shot of how it should work.

Strategy Overview

  • strategy needs to mark on the highest and lowest prices across a given time every day (on a 5 min chart) - between 9pm and 7am
  • Then it needs to check the ATR value from the daily chart
  • We then need to add that ATR number to the overnight low, and subtract ATR from the overnight high - these two price levels are the upper and lower limit for our profit target
  • after 7am, as soon as a candle closes across the high or low price lines, we enter a trade in that direction
  • For GBP/USD - we need the strategy to look back at the last 2 hours for a low/high in the market between 15 and 30 points from entry price, and add 1 point of safety to define the stop loss
  • Profit target is 1.5R (with option to adjust to 1 or 2R in the code)
  • No trade if profit target is wider than those ATR price lines
  • Also no trades taken after the first 5 hours
  • 1 entry per day



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Project information

Budget
100 - 200 USD
Deadline
from 2 to 7 day(s)