Breakout of a specific reference candle

작업 종료됨

실행 시간 14 일

명시

Objective:
Develop a custom Expert Advisor (EA) for MetaTrader 5 that trades based on a breakout of a specific reference candle.


Strategy Rules:

  1. Reference Candle Selection:

    • User specifies a candle (e.g., 5-minute candle at 13:30).

    • EA marks the high and low of that candle.

  2. Entry Direction:

    • The first subsequent candle whose body (not wick) closes outside the reference candle’s range sets the trading direction for the day.

      • If it closes above the high → only buy trades allowed for that day.

      • If it closes below the low → only sell trades allowed for that day.

  3. Entry Execution:

    • Once direction is set:

      • For buy trades: Place a buy limit order at the high of the reference candle.

      • For sell trades: Place a sell limit order at the low of the reference candle.

    • Stop Loss (SL): opposite side of the reference candle (low for buys, high for sells).

    • Buffer Option: EA must allow adding/subtracting a user-defined number of pips to entry and SL levels.

  4. Take Profit (TP):

    • Options for TP:

      • Fixed Risk-Reward ratio (e.g., 1R, 2R, etc.).

      • Fixed pip/price target.

    • Trailing TP options:

      • Move TP step-by-step at 1R, 2R, 3R, etc.

      • Or trail using the low of each new candle (for buys) or the high of each new candle (for sells).

  5. Trade Management:

    • Maximum number of trades per day: 3 (editable).

    • If the first trade hits TP, EA stops trading for the rest of the day.


Inputs / Settings:

  • Reference candle time & timeframe (e.g., 13:30 on M5).

  • Buffer in pips (for entries and SL).

  • TP type: Risk-Reward / fixed pips.

  • Trailing TP type: Step-based (R multiples) / candle high-low.

  • Maximum trades per day.

응답함

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