Specifiche
Problem - My current bot does not do well with placing trades. It allows you to select a time frame and set the number of candles before you predict a market reversal. It also allows me to indicate at how PIPs in profit it should turn on a trailing stop, and set the Take profit at a desired number of pips. However it does not take into consideration market conditions to determine when to exit a trade.
Goal: To create a bot that will automatically enter and exit trades by identifying and evaluating:
- Supply and Demand Zones - (i.e. Advanced Supply and Demand)
- Currency Pair Trends on all Time Frames - (i.e. Trend screener)
- The Momentum of the Trend heading into a zone (increasing, Decreasing)
- The Volume as the market is going into the Zone
- Currency Strength - (i.e. Trend screener)
- Currency Pair Historical Highs and Lows (configurable how far to go back)
- Set TP at the Next Supply or Demand Zone or Fractal Resistance
- automatically move TP to the next zone if market momentum is high and/or zone is Weak
- allow user to set trailing stop at desired pip Level
The idea is the bot would analyze these items and then place the trade if the criteria is met
I have more detailed requirements, but this is probably a good place to stop for now.
One more note: A key objective is for the Bot to be able to place Pending trades in or around the supply and demand Zones as the market grows close. User can shuold be abe to set the number of PIPs