Spezifikation
Hi, I would like someone to develop a trading bot. That capable of doing fast scalping trades on Asian highs and Asian lows 1 min time frame in London and New York session
There will be 4 entry conditions:
Key Steps and Considerations in Developing the Bot:
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Define the Asian Session High and Low:
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The bot will calculate the Asian session high and low values based on specific hours, typically defined as 00:00 - 06:00 UTC or a customizable time frame.
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Have the bot mark out the high and low levels on the chart to visually see where the entry points are.
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Implement Entry Conditions:
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Condition 1: Sell when price hits the Asian high from above.
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Condition 2: Buy when price hits the Asian high from below.
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Condition 3: Sell when price hits the Asian low from above.
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Condition 4: Buy when price hits the Asian low from below.
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Order Management:
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Restrict to one active trade per level (high or low) at a time.
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Use flags or internal state tracking to ensure a trade on an Asian high or low is closed before another trade on that level opens.
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Implement functionality to ignore any manual trades, so that only bot-initiated trades are managed by the bot’s logic.
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Option to manually close trades of bots positions.
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Trailing Stop and Take-Profit Parameters:
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Include trailing stop and take-profit options as customizable parameters, with a trailing stop starting immediately after trade entry (default set to 10 pips). Set up mechanisms to calculate the trailing stop’s new levels based on price movement.
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Daily Loss Limit:
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Set up an cumulative daily pip loss limit by tracking total loss in pips for each day. Once the limit is reached, the bot halts further trading until the next trading day.
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Customizable Trading Hours:
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Add input parameters for the bot start and end times to restrict it to operate only during specific sessions (London and New York).
7. News
be able to turn the bot on/off for news events on that day. Or select a no trade taken via a manually input times at a set time eg. No trades taken between 13:15-13:45 this will need to overrule the session trading times then resume as normal when news has passed. Be able to put in 3 different no trade times for multiple new event times. Eg. 13:15 - 13:45 14:30 - 14:45 15:00 - 15:30
8. Input parameters
Bot on/off
Market watch Symbols: currency pair / metals etc.
Session trading start/end times UTC : eg. 07:00 - 22:00
News events. no trades taken times: eg 13:15 - 13:45
News event time 1:
News event time 2:
News event time 3:
Custom Lots size:
Custom Trailing stop loss: default 10pip
Custom Take Profit :
Maximum daily Pip Loss:
Asian high: (set by bot or manually)
Asian low: (set by bot or manually)
Additional Requirements
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Code Quality: The code must be well-structured, commented, and easy to maintain or update.
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Compatibility: The EA must be compatible with MetaTrader 5 (MT5).
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Documentation: Provide clear documentation on how to set up .
Deliverables
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Fully functional EA capable of executing fast scalp trades.
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Source code with comments explaining the functionality.
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Setup guide and documentation.
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Support for initial testing and debugging.