Hi Expert,
I want a trading robot that will be based on candle sticks patterns. I will also provide all details on a short video.
I want to create a Trend Trading MT5 Robot that can Fully Automated trading that have the following requirements:
1.Buy Sell Entry Options: A Setting that come with 3 trading modes options for entry: Buy, Sell or Buy/Sell
2. Entry Set up using a "Smoothed ATR Zone" created using 2 different ATR multipliers with different periods
3. A Donchian Channel standard indicator to determine the Initial Stop Loss price level (with option to set up) and thereafter using it as Trailing Stop Loss level to close All open positions
4. A private MT4 trend indicator( I have the ex4 file but don't have source code) for the EA's to determine whether the EA should take Buy or sell trades.
Here, the EA will take buy trades only if the indicator is above the zero line; and will sell trades only if the indicator is below the zero line
5. EA will use Stochastic standard indicator 2- lines cross over for "Trigger price". At the Stochastic cross-over, the price will be used as "Triggered Price" to open trades. There after the EA only use this "Triggered Price" for ALL open trades
Requirement:
For Initial Buy trade: The 2 stochastic lines must cross-over upward at or below from the 30-level
For Initial Sell trade: The 2 stochastic lines must cross-over downward at or above from the 70-level
6. Multiple Trades: EA will continuously open trade when ALL the above 1-5 conditions are met:
Requirement:
For Buy Trade : The EA will continuously open new Buy trade after each candle close, as long as the NEXT closing candle is a Bullish candle
For Sell Trade : The EA will continuously open new Sell trade after each candle close, as long as the NEXT closing candle is a Bearish candle
7. The EA will Auto Close ALL Open Positions when price "Reach" the opposite ATR Zone OR using either of the 2 Take profit options:
The EA should have these Take Profit options in Setting:
1. Individual price level setting:
This setting apply to every individual open trade by the EA, it will follow this level to take profit for each trade
2. Global price level setting
In this setting, the EA will close to ALL open positions at this price level to take profits
8. For Stop Loss: The EA will Auto Close ALL Open Positions when price "Reach" the Donchian Channel Stop Loss Level (or as Trailing Stop ) OR using either of the 2 Stop Loss options setting:
For Stop Loss, EA should also have 2 other options:
1. Individual price level setting:
This setting apply to every individual open trade by the EA, it will follow this price level to take stop loss for each trade
2. Global price level setting
In this setting, the EA will close to ALL positions at this Global Stop Loss
price level
9. Monitor Display Panel should have:
1. 2-Colored
2. Include a "Pause Button" to pause EA trading,
3.Include "Close All Button" to close all open positions
I am looking forwards to hear from you.
Thank You for your time to read this.
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