Required: A Robot based on Price Candle Range Box (To be Known as the T-AreX Box MA)

MQL5 Experts

Job finished

Execution time 45 minutes
Feedback from customer
Done according to specifications.

Specification

A)      A Buy trade will be dependent on the following parameters:

-          Price is above a price moving Average (which can be any value set)

-          The specification of the Candle box range is as given below:

a)       The length will start from the first bearish candle during an uptrend (with a minimum of two or more consecutive bearish candles)

b)      The length will end at the end of two consecutive bullish candles

c)       The top is at the highest level of the candle box

d)      The bottom is at the lowest level of the candle box

Thus, the high of the box (in points: is the highest level price less the lowest level price)

-          Entry point options: At the end of the two consecutive bullish candles; or at the highest level of the candle box

-          SL options: At the specified percentage of the box height (e.g. 100%); or lowest level of the candle box; or specified points

-          TP:  At the specified percentage of the box height (e.g. 200%) or specified points

-          Buy Trade only when price is above specified price level (which can also be a nil value).

-          Multiple buy trade options (executing one or more trade when the above requirements are met)

 

NB: A graphical illustration of the box can be provided if needed.

The SELL trade is the reverse of the above. This will also be provided later.

Other specifications

-          Trade statistics Table: (showing Opening Balance; Current position; Percentage profit/loss and current profit/loss (on running trades).

-          Trailing stop (activation level and trailing level)

-          Trading time period (opening and ending)

-          Trading days

-          Maximum spread

-          Minimum height of the price candle box (in points)

-          Maximum height of the price candle box (in points)

-          Money Management option:

a)       Fixed lot size

b)      Lot size based on specified Risk percentage of the current account balance


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Project information

Budget
70 - 120 USD
For the developer
63 - 108 USD
Deadline
from 1 to 5 day(s)