Specification
i have a tradingview simple indecator of 40 lines of code ,i want it to convert it into mt5 EA strategy details given below
AUTOMATED TRADING STRATEGY Multi-Lot Execution & Dynamic Trailing Stop Logic System Architecture & Operational Rules Trading Bot Strategy Profile Entry Conditions Buy Logic • • • Wait for Buy Signal candle. Confirmation: Future candle must break the signal high. Execution: Open 2 orders of 0.01 lots each. Sell Logic • • • Wait for Sell Signal candle. Confirmation: Future candle must break the signal low. Execution: Open 2 orders of 0.01 lots each. * Optional User-Defined Buffer can be added to the breakout level. Slide 2 Exit Conditions: Phase 1 Initial Protection & Scaling Out • • • Stop Loss: Set at the Signal Candle Low (Buy) or High (Sell). Initial Action: If SL is hit, close both lots immediately. Profit Target (1:1 RR): When price reaches a 1:1 Risk-Reward ratio: ◦ ◦ Close the first 0.01 lot. Move the second lot's SL to the Entry Price (Break-even). Slide 3 Exit Conditions: Phase 2 Dynamic Trailing Logic Once the 1:1 Target is reached and the trade is at Break-even: • • • For every $1.00 movement in the trade direction: Move the Stop Loss $1.00 into profit. Continue trailing until the SL is triggered. This "Runner" management maximizes gains during strong trends while guaranteeing 1:1 profit on the first half. Slide 4 Risk & Trading Constraints • • • • Position Management: Max 3 open positions allowed. If 3 are active, ignore new signals. Daily Stop-Loss: Stop trading for the day if a user-defined loss limit is hit. Daily Target: Option to stop bot if daily profit goal is reached. Bidirectional: Ability to take trades in both directions simultaneously. Slide 5 RR Calculation & Settings Calculation Basis: The length of the Signal Candle (High to Low). • • • Target Distance: 1:1 RR is equal to the signal candle length. Customization: RR ratio must be editable by the user (e.g., 1:1.5, 1:2). Buffers: Entry buffer points are adjustable to avoid false breakouts. Slide 6Responded
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