Breakout of a specific reference candle

Objective:
Develop a custom Expert Advisor (EA) for MetaTrader 5 that trades based on a breakout of a specific reference candle.

Strategy Rules:

1. Reference Candle Selection:

   • User specifies a candle (e.g., 5-minute candle at 13:30).

   • EA marks the high and low of that candle.

2. Entry Direction:

   • The first subsequent candle whose body (not wick) closes outside the reference candle’s range sets the trading direction for the day.

     • If it closes above the high → only buy trades allowed for that day.

     • If it closes below the low → only sell trades allowed for that day.

3. Entry Execution:

   • Once direction is set:

     • For buy trades: Place a buy limit order at the high of the reference candle.

     • For sell trades: Place a sell limit order at the low of the reference candle.

   • Stop Loss (SL): opposite side of the reference candle (low for buys, high for sells).

   • Buffer Option: EA must allow adding/subtracting a user-defined number of pips to entry and SL levels.

4. Take Profit (TP):

   • Options for TP:

     • Fixed Risk-Reward ratio (e.g., 1R, 2R, etc.).

     • Fixed pip/price target.

   • Trailing TP options:

     • Move TP step-by-step at 1R, 2R, 3R, etc.

     • Or trail using the low of each new candle (for buys) or the high of each new candle (for sells).

5. Trade Management:

   • Maximum number of trades per day: 3 (editable).

   • If the first trade hits TP, EA stops trading for the rest of the day.

Inputs / Settings:

• Reference candle time & timeframe (e.g., 13:30 on M5).

• Buffer in pips (for entries and SL).

• TP type: Risk-Reward / fixed pips.

• Trailing TP type: Step-based (R multiples) / candle high-low.

• Maximum trades per day.