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I would like to create a EA Trading Bot that will follow specific rules and entry and this will all happen on the 5 MIN Chart time frame.
I need a new trading robot based on price action and candlestick patterns for MQL5.
The robot should work as follows:
Once applied to a chart, I should be able to select whether to buy or sell, the number of trades to open, and the timeframe (e.g., 1 hour). If I choose "buy" and set the number of trades to 2, the robot should only open buy positions. For example, at the close of a bullish candlestick, the robot will open 2 buy positions with the specified lot size. If the next candle is also bullish, it will open 2 more buy positions, repeating this process as long as the candles remain bullish. However, if a bearish candlestick forms, the robot should pause and not execute any trades. It will only resume buying when another bullish candle closes.
Similarly, if I choose "sell," the robot will work exclusively in the sell direction, following the same logic for bearish candles.
The parameters to configure in the robot include:
Lot size
Buy/Sell selection
Number of trades to open
Take Profit (TP) and Stop Loss (SL)
Maximum spread filter
Time and date filter
Overall Take Profit(TP) and Stop loss (SL) level
A specific SL/TP level (a defined price level where the robot will automatically close all open positions)
Additionally, the robot should display an overall gain and loss counter on the chart for easy tracking of performance.
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