Termos de Referência
Title: Multi-Timeframe Pure Price Action & Elliott Wave Execution Bot for XAUUSD
1. Project Overview
I need a robust, automated trading bot (Expert Advisor) for MetaTrader 5 (MT5) to trade XAUUSD (Gold) exclusively. The strategy is built entirely on Top-Down Multi-Timeframe (MTF) market structure, pure price action, and Elliott Wave principles. It does not use traditional lagging technical indicators (like RSI or MACD).
I need a robust, automated trading bot (Expert Advisor) for MetaTrader 5 (MT5) to trade XAUUSD (Gold) exclusively. The strategy is built entirely on Top-Down Multi-Timeframe (MTF) market structure, pure price action, and Elliott Wave principles. It does not use traditional lagging technical indicators (like RSI or MACD).
2. Timeframe Hierarchy & Trend Identification
- Macro Analysis (Monthly & Weekly): The bot must analyze Monthly (MN) and Weekly (W1) data arrays to determine the primary macro Elliott Wave cycle bias (Bullish/Bearish).
- Structural Pivot Engine: Use the native MT5 ZigZag framework to programmatically trace out swing peaks and structural valleys across all timeframes.
- Intermediate Trend (Daily): The bot will identify the medium-term market structure breaks (MSB) on the Daily (D1) chart to define active wave extensions and Fibonacci retracement/supply-demand zones.
- Execution Trigger (4-Hour): The actual trade execution must happen exclusively on the 4-Hour (H4) timeframe.
3. Execution & Entry Logic
- Directional Filter: The bot can only execute long trades if the Monthly/Weekly/Daily structural analysis confirms a bullish wave cycle plus adding positions everyday if the trend on higher time frames is still valid. It can only short if the macro structure is bearish.
- H4 Confirmation: Wave count should start from impulsive 1,2,3,4,5 waves and A,B,C,D,E pattern or triange it may depend on which type of triangle or channel and their characteristic requirements plus pure price action,support and resistance,areas where price is expected to react from by Fibonacci retracement rules in waves
- Risk Profile: Every trade must automatically calculate lot sizes dynamically based on risking exactly [Specify risk percentage, e.g., 1% or 2%] of total account equity.
- Protective Orders: Every order sent must have an immediate hard Stop Loss (SL) placed below/above the structural pivot zone.
- Holding Period: Positions must be held across days or weeks or months until the higher time frame waves undergo completion
5. Exit & Trailing Invalidation Rules
- The position must remain open until the higher timeframe structure signals that the active trend has officially terminated.
- Trend Termination Rule: The bot must close the open XAUUSD position if a Daily (D1) wave is terminated,and add more positions according to wave count bias.
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