Specification
Requirements Specification:
1. Robot Objective:
I need a scalping trading robot that works on the gold market (XAU/USD), executing buy and sell orders based on a scalping strategy within short time frames (from 1-minute to 5-minute charts).
2. Required Strategy:
The robot should rely on technical indicators such as:
• Moving Averages
• RSI (Relative Strength Index)
• MACD (Moving Average Convergence Divergence)
The robot should enter buy or sell positions based on signals from these indicators, specifically for the gold market.
3. Robot Features:
• The robot must execute orders quickly with the correct lot size, depending on the risk level I set.
• It should automatically set stop loss and take profit levels based on the scalping strategy.
• The robot must be able to handle quick market movements, especially in the gold market.
4. Risk Management:
• The robot must have an effective risk management system, including the ability to set stop loss and take profit automatically to protect the account.
• Margin protection should be implemented to avoid large losses.
5. Platform Compatibility:
The robot should be compatible with MetaTrader 4 or MetaTrader 5 platforms.
6. Backtesting and Performance Evaluation:
The robot should be tested using historical data (backtesting) on the gold market to ensure its effectiveness before being used in live trading.
7. Execution Time:
I would like the robot to be developed within 2 weeks or less, depending on the complexity of the strategy.
8. Usage Instructions:
Clear and detailed instructions should be provided on how to operate the robot effectively once its developed.