MT4 binary indicator

Goal

Create an MT4 indicator that reads future trade signals from a text file and triggers alerts based on specific conditions.

How It Works

• Signals are stored in a text file in this format:

  23:33 | USD/INR-OTC | PUT 23:38 | USD/INR-OTC | CALL 23:43 | USD/INR-OTC | PUT 23:48 | USD/INR-OTC | CALL

• At the exact time (e.g., 23:33), the indicator should show a popup alert on the MT4 chart for the corresponding signal (e.g., PUT).

Conditions

1. Trend Confirmation

   • Only trigger the alert if the signal direction matches the trend direction.
   • Example:
     • If trend is bullish and signal is CALL, trigger the alert.
     • If trend is bullish but signal is PUT, skip this signal.
   • Trend is determined using EMA (Exponential Moving Average).
   • There should be an option to set the EMA value.

2. Martingale Option

   • If a trade loses, the next trade should start immediately on the next candle (no delay).
   • Options to set:
     • Martingale amount
     • Number of steps

3. Cooling Period

   • If 3 trades lose in a row, stop triggering signals for a set time (default 30 minutes).
   • Option to customize this duration.

4. Take Profit / Stop Loss

   • After reaching the profit target, show a prompt:
     • “Do you want to continue or close for the day?”

5. Universal Compatibility

   • Indicator should work on any chart (OTC or real currency pairs).

6. Profit % Filter

   • Only trigger alerts if the offered profit percentage is greater than or equal to a predefined value.