CandleTrader

1. Trade Direction

·       The bot will have two modes: Buy and Sell.

·       In Buy mode, the bot will open a buy trade when a bullish candle closes on the selected timeframe (e.g., 30 minutes, 1 hour, etc.).

·       In Sell mode, the bot will open a sell trade when a bearish candle closes on the selected timeframe.

2. Trade Management

·       The bot will have four parameters to manage trades:

1.     Profit amount: Set a fixed amount (e.g., $100) to close the trade when reached.

2.     Profit percentage: Set a percentage (e.g., 2%) to close the trade when reached.

3.     Loss amount: Set a fixed amount (e.g., $100) to close the trade when reached.

4.     Loss percentage: Set a percentage (e.g., 2%) to close the trade when reached.

3. Control Panel

·       The bot will have a control panel with the following buttons:

1. Pause/Resume: Pause or resume trading.
2. Close All Trades: Close all open trades.
3. Buy/Sell: Open a trade in the selected direction (Buy or Sell).

4. Pips Management

The bot will have two parameters to manage pips:

·       Pips in profit: Set a number of pips (e.g., 10) to close the trade when reached.

·       Pips in loss: Set a number of pips (e.g., 10) to close the trade when reached.

5. Trade per Signal

• The bot will have a parameter to set the number of trades to open per signal.
• For example, if set to 2, the bot will open two trades when a bullish or bearish candle closes.

6. Lot Size

• The bot will have a parameter to set the lot size for each trade.
• Lot size determines the size of the trade (e.g., 0.1 lots, 1 lot, etc.).

7. Close by

The bot will have three parameters to close trades:

1. Close by profit: True/False, close all open positions and stop opening trades when the set profit amount is reached.
2. Close by loss: True/False, close all open positions and stop opening trades when the set loss amount is reached.
3. Close by percentage: True/False, close all open positions and stop opening trades when the set percentage is reached.

8. Triggered Amount of Loss

·       The bot will have a parameter to set a negative amount (e.g., -50) to close trades when the loss reaches that amount.

9. Options

·       The bot will have four options:

1.     Trade direction (Sell/Buy).

2.     Close by profit (True/False).

3.     Close by percentage (True/False).

4.     Triggered amount loss (True/False).