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How to Order a Trading Robot in MQL5 and MQL4
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Specification
Description:
We are seeking an experienced developer proficient in MQL5 programming to create a custom trading bot tailored to our specific requirements. The primary focus of the bot will be on accurately identifying and utilizing supply and demand zones on a user-defined timeframe, combined with intelligent trading strategies for optimal market entry and exit, using candlestick confirmation.
Key Features:
1. Candlestick Confirmation: The bot will incorporate candlestick analysis to confirm the validity of supply and demand zones. Specifically, the bot will draw supply zones if there are three consecutive bullish candles followed by a single bearish candle, and vice versa for demand zones (three consecutive bearish candles followed by a single bullish candle). This ensures that the identified zones have a strong directional bias.
2. Supply and Demand Zone Analysis: The bot will draw precise supply and demand zones on the user-specified timeframe, adhering to the candlestick confirmation criteria mentioned above. These zones will represent critical levels in the market where significant buying or selling pressure has been observed.
3. Retest and Breakout Strategy: The bot will monitor the lower timeframe for retests and breakouts of the identified zones, allowing for precise entry points based on price action and market momentum, in accordance with the candlestick confirmation criteria.
4. Moving Average Confirmation: The bot will consider user-defined moving averages to further validate trade setups. Trades will be executed when the price breaks the moving average in the specified direction, in alignment with the candlestick confirmation and supply/demand zone criteria.
5. Intelligent Stop Loss and Take Profit: The bot will incorporate a robust risk management system, automatically placing stop loss orders above/below the supply and demand zones. Take profit targets will be set based on either specific price levels or a predefined percentage of the stop loss, ensuring a favorable risk-to-reward ratio.
6. Order Sizing Flexibility: The bot will offer the choice of price or percentage-based order sizing, allowing users to customize their risk exposure according to their individual trading preferences.
7. Trailing Stop Loss: An optional trailing stop loss feature will be implemented, enabling the bot to dynamically adjust the stop loss level to lock in profits as the trade progresses.
8. Timeframe and Directional Customization: The bot will provide the flexibility to specify the desired trading timeframe and the option to trade in only one direction (buy/sell) or both, allowing users to adapt the bot's behavior to their trading strategies.
If you possess a deep understanding of MQL5 programming and have a proven track record in developing robust trading bots, we invite you to join us in creating this sophisticated and feature-rich trading tool. Together, we will unlock new opportunities for profitable trading in the dynamic financial markets, utilizing the power of candlestick confirmation and supply and demand zone analysis.
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