Specification
I would like to create a bot based purely on the below fundamentals;
Timeframe from 5M to 1Month.
The bot will place a trade via a candlestick pattern and supply and demand zone approach, (NO RSI, Bollinger bands, or the like to be taken into account) just purely candlesticks based off the candlestick bible, buy and sell.
Once a trade is made, the bot will continue to make trades in that position’s direction (locked in) until the account has either hit a 1,000% margin limit or the take profit target.
Generally, every time the market moves in a 10 pip direction opposite to the initial trade, i.e its in loss, the bot will open a position size 4.5% larger than the last. The small key below is the method as to how it should place its trades when it’s live in the market. The percentage below represents the distance from the initial trade. So if the initial trade is 0.25% in the red i.e a losing trade, the bot will place one trade at every 10 pips in that direction, whether it’s a buy or sell.
Under 0.20% - every 7 pips
0.20-0.40% - every 10 pips
0.40%+ - every 20 pips
The bot needs to be based on 500:1 trade leverage. The bot should NEVER sell or buy at a level it has already bought at, i.e during a pull back. It needs to have the threshold in mind.
The bot will have NO STOP loss and only take profit. The take profit will be liquid and is set to the last trade by 150 pips (this needs to be variable).
The variables/Inputs that the bot needs to have is;
1. Risk percentage size of equity on the first position.
2. Take profit of last/most recent pips which will affect all positions. Between 90-500 pips usually.
3. Magic no. so that there is no accidental matching of closes on the account.
4. Spread limit (no trades placed if x amount of spread would be hit).
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