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I would like a trading bot that uses an indicator from TradingView, so the indicator will need to be converted to MQL5.

MQL5 Experts

Specification

The bot should open trades when the price breaks out of the band by a specified percentage, for example, 0.10%. If the price breaks above the band, the bot should open a long position. If the price breaks below the band, it should open a short position.

The bot should also open trades when the price touches a band:

  • Bullish band cross: When a bullish cross occurs between the bands, the bot should open a long position when the price touches the band.

  • Bearish band cross: When a bearish cross occurs between the bands, the bot should open a short position when the price touches the band.


We set a fixed percentage-based take profit (TP), calculated from the entry price at the moment of the breakout from the band, for example, 0.35%.

We also set a percentage-based stop loss (SL), for example, 0.15%, which is dynamically adjusted as the band moves downward in line with the direction of our position.


Files:

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Project information

Budget
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VAT (23%): 16.1 USD
Total: 86 USD
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63 USD

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