FreelanceSections

DR/IDR based strategy Expert advisor

MQL5 Experts

Job finished

Execution time 72 days

Specification

Hello,

looking for developer which can make simple Trading Bot on MT5 for DR/IDR based on my rules.


Intro:

M5 bar close above/below  certain session hour range, then place order immediately. Then wait TP/SL

Reference: 

the "TheMas7er" DR/IDR concept explain

https://www.youtube.com/watch?v=Uxwr4CVhGhg

3 DR session explain

3 DR session:

ARD: 19:30-20:30 UTC-4

ODR: 3:00-4:00 UTC-4



RDR:  09:30-10:30 UTC-4

https://www.youtube.com/watch?v=q1s2INPzN6M

MT4/5  DR/IDR Indicators

https://www.mql5.com/en/market/product/90770?source=Site+Search

M5 bar close above DR level mean confirm trading direction bias



1. 5M Time frame
2. Pair to be selected by user (Forex)
3. Identify DR (1 hour range from X to Y time)
4. Identify IDR (1 hour range from X to Y time)

Open Trade:
Position open when price close above / below DR M5 

This range needs to be define for example after ARD (19:30-20:30 UTC-4) from 20:35 - 2:00

TP to be set by user as part of parameter settings (ex 40 Pips)

SL to be set at opposite side of DR + pips

2 x  setups per range (for example long, if long failed and reached SL open sell if all parameters are met


Parameters input: 

Time Frame: 5 Minutes

Session to be used ADR / ODR / RDR ( to be selected which one to be used)

Trading range hours

Lot size to be used

TP Target

Example below:

  • ADR Range in use (19:30 -20:30 UTC-4) Asian session
  • Candle closed through DR high
  • Buy order to activate immediately
  • TP Target to be set in parameters ex 40 pips
  • SL Target to be at the DR Low + 2 pips
  • In this scenario it was a win


Example below:

  • ADR Range in use (19:30 -20:30 UTC-4) Asian session
  • Candle closed through DR high
  • Buy order to activate immediately
  • TP Target to be set in parameters ex 40 pips
  • SL Target to be at the DR Low + 2 pips
  • 1st trade was a loss for approx 16 pips
  • Very last candle in the selected timeframe closed below DR Low
  • Sell order to activate immediately
  • TP Target to be set in parameters ex 40 pips
  • SL Target to be at the DR Low + 2 pips
  • 2nd trade was a win







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Project information

Budget
40 - 70 USD
Deadline
from 10 to 20 day(s)