TMP Trader

TMP Trader – MT4 Indicator Project Specification This document outlines the required features and specifications for a custom MT4 indicator named TMP Trader. The tool is based on a price-action strategy that uses manually drawn trap zones to detect high-probability trade setups. The focus is on visual candle/body strength filtering, engulfing confirmation, and manual control of zones and trade management levels. Key Features • Manual trap zone drawing (blue box): user highlights the liquidity wick area for trade setup. • Buy signals only (initial version): once the wick enters the zone and a valid bullish engulfing candle closes above the wick, generate a signal. • Candle strength filter: weak candles, small body/no momentum are ignored. • Signal confirmation after candle close: signals appear only after confirmation candle closes. • Popup alert, sound notification, and chart signal (arrow or marker). • Customizable stop-loss and 3 target levels per instrument (e.g. for Gold: 150, 300, 1000 pips). • Stop-loss/target lines draggable on chart after signal appears. • Popup box on load: user enters lot size and target distances, which stay until changed. • Preview mode: indicator shows potential setups forming but does not alert until confirmed. • No automatic trading – visual/manual use only for now. • Future-proofing: ability to add short signals and auto-trading logic later. Custom Instrument Settings Each pair or instrument (e.g. Gold, AUD/USD) must support its own custom default stop-loss and targets. For example: Gold uses targets of 150, 300, and 1000 pips; AUD/USD may require different values (e.g. 30, 60, 100 pips). These settings should be adjustable when dragging the indicator onto the chart. Please quote based on the features above. This is a high-priority professional tool used for real-time trading by experienced traders. Code quality, speed, and alert reliability are important

Email tmp@tonypinnell.com.au