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Trading Bot criteria
Please view Screenshot for visual reference.
https://www.screencast.com/t/f2ItMfLMEmr
The channel indicator you see I would like to turn into a Trade execution bot. I want it to be very basic to begin with and come back to you for further criteria additions in the future.
In the screenshot you will see the channel indicator with redline at the top and green line at the bottom with a dotted medium line. It is the red and green lines I want to be the active triggers to place a trade on the following criteria.
If the channel lines can be coded to be the buy and sell trade activation with a take profit and stop loss based on either manual pip entry or a % of Equity declaration.
I would like the bot to operate on all chosen time frames. So, if I place on a 1min time frame I will alter the settings to accommodate for scalping.
If on a daily time frame its more for longer duration trades. If I have a trade activated on a 1 min time frame and I want to switch to see a 1hr time frame when an active trade is in play, I know that will interfere with the bot’s operation so I would like it designed not to execute a time frame change and give me a warning that is not allowed while trade in play. The settings will be different on different time frames so it could be dangerous to do that.
A major consideration for me is, if the bot executes a trade, I want to be able to manual override and close off if I feel it is required and the bot considers that manual override as the end of that trade and does not execute another trigger.
I may want to trade the same instrument on another chart that does not have the bot attached, if possible, I would like to be able to have manual trades operational without the bot getting confused over which trade it is managing.
In the settings of the indicator is a bands deviations setting. I need that as part of my settings because every instrument varies in band width in time frames as well. So that fairly important.
Added settings:
Long trade Execution: On or Off
Short trade Execution: On or Off
Lot Size Mauual entry ( ? ) or % of Equity ( ? )
Stop Loss: On or Off
Stop Loss Parameters: Pips ( ? ) or % of Equity ( ? )
Take Profit: On or Off
Take Profit Parameters: Pips ( ? ) or % of Equity ( ? )
Now I don’t know if this is possible, but I don’t want to have the bot trading through any Red Impact announcements of the calendar.
https://www.forexfactory.com/calendar
My intent is to not trade 3 hours before or after a red impact. If that’s possible that could be part of the settings.
Red impact news: Off hours before ( ? ) On Hours After ( ? )
Regards Don Graham
I am looking for a quote: I will handover the Indicator after I have selected the coder..Need one on one first