Specification
Hello I would like to create a bot that follows this strategy:
When the bot starts it will have to determine the trend on the timeframe that is selected. This needs to happen using price action, so HigherHighs and LowerLows.
Then the bot will open a trade right away or wait for 2 possible confirmations. 1 is a fibonacci retracement and the other is an RSI overbought, oversold confirmation.
The RSI timeframe is the M1 or I can select otherwise, so the bot needs to know where the RSI is on that timeframe.
The Fibonacci will be drawn from the last days daily candle and we will look for a retracement to the level that we set in the parameters.
The TP and SL will be fixed in pips and it will have a ratio of 1/20.
Finally, I need a UI that will show me the following:
1. The trend
2. The RSI level
3. Have controls to be able to add support and resistance lines on the chart which will be used as danger zones. The bot will act on these based on the parameters (there will be a parameter what to do on these zones, stay or reverse).
4. Show the drawdown of the account
5. Show if there is a trade open
We need to be able to have multiple bots running at the same time but only one trade can be open at a time. So no bot can open a trade if another bot is already with an open trade that is being played out.
Please let me know how much this would be and a timeframe of delivery.
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