Breakout the box EA

Breakout the box EA

Dear Sir or Madam,

I would like to have an Expert Advisor (EA) with accompanying files in the MQL5 language that can trade a breakout fully automatically on Metatrader 5.

This strategy works without indicators. Sections are constantly formed in the chart where candles do not reach new highs or lows for a while. If a candle closes outside this box, it is a sign that an entry is being sought. If the price then returns to this box, that is the time to buy/sell. The stop loss is on the other side of the box. The risk reversal ratio can be individually adjusted with a calculated take profit (no fixed points).

Such a box or zone is defined with at least 3 candles including candle bodies and wicks that are within a price range.

There are a few pictures attached.

In addition to this strategy, I need the following settings:

Magic Number

Trade direction (long/short/both)

Risk per trade in % of the balance (the position size must be recalculated each time, as the stop loss is never the same).

Risk Revard Ratio (example: if stop loss is 12 points and the RRR is 1:2, then the take profit is 24 points)

Duration of the open trade if take profit has not been reached.

Maximum spread

Maximum daily drawdown.

Maximum number of trades open at the same time.

3 trading times per weekday for which I can set the trading time.

I would like to have the following displays in the chart at the bottom left:

Position size in lot

Trade direction

Current profit/loss

Current spread

Magic Number

Copyright Viktor Valoh

This EA should be able to run on several (different) charts in an open MT5 window in parallel in live and/or demo.

Backtests should be possible.

The EA should actually place the stop loss and take profit orders in the market when the position is opened.

I hope I have thought of everything. If you have any questions, please contact me immediately.

Additional suggestions from the programmer (the price is negotiable)?

Best regards

Attachments: 3 pictures