Just a simple trading bot

MQL5 Experts

Job finished

Execution time 22 hours
Feedback from employee
good customer

Specification

1. The idea of the trading system is as follows: As I opened a first position in either buy or sell direction, the bot start to add more position at higher lot size once it lose a certain amount of pips

2. Trading Signals:

  • Buy signal: Start at a price I specify otherwise the bot is not active
  • Sell signal: Start at a price I specify otherwise the bot is not active

4. Positions are closed only with TP at 466 pips from the first position, TP of position 1 will be move to TP of position 2, and TP of position 1 and 2 will be move to TP of position 3 and so on

5. Positions are opened if the first position is 300 pips away

8. Close by Take Profit — during position opening, a Take Profit level is set at a fixed distance from the open price, specified in points. The value is set in the InpTakeProfit input parameter.

9. Position management

I will open the first positions, after that, the bot will start opening the position following the fibonacci sequence. my first order will be, most of the time, 0.02 lot, which the bot will start opening the next position at 0.03, 0.05, 0.08, 0.13,..........



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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
to 3 day(s)