"Complete Bot Trading Strategy for Currency Pairs on 15-Minute Time Frame"

MQL5 Asesores Expertos

Tarea técnica

Complete Trading Strategy for the Bot

  1. Assets:

    • Currencies: Trading is conducted on currency pairs.
  2. Time Frame:

    • 15 Minutes: All analyses and trade entries are based on this time frame.
  3. Indicators Used:

    • EMA (Exponential Moving Average): Used to determine the overall market trend.
    • ADX (Average Directional Index): Used to measure the strength of the trend. It must be above 20 to indicate a strong trend.
    • RSI (Relative Strength Index): Used as a confirmation signal, analyzed differently based on the trade:
      • First Trade:
        • If RSI is below 30, no short positions can be taken.
        • If RSI is above 70, no long positions can be taken.
      • Second Trade: RSI is not used.
      • Third Trade:
        • If the first and second trades are long, RSI must be below 25.
        • If the first and second trades are short, RSI must be above 75.
    • Support and Resistance Indicator: Used to identify support and resistance levels when entering the third trade.
  4. Entry Conditions for Trades:

    • First Trade:

      • Market Analysis: The trend on higher time frames (daily, weekly, and four hours) must align with the trend on the 15-minute time frame.
      • Indicator Conditions:
        • EMA: The trend must be either bullish or bearish based on the EMA.
        • ADX: ADX must be above 20.
        • RSI:
          • Above 30 to enter a long position.
          • Below 70 to enter a short position.
      • Trade Entry: Once all conditions are met, the bot enters the trade.
    • Second Trade:

      • Reinforcement of the First Trade: This occurs when the first trade is floating in a loss reaching a quarter of the designated stop loss.
      • Conditions:
        • The first trade must have lost a quarter of its stop loss (e.g., if the stop loss is 60 pips, the first trade’s loss must reach 15 pips).
        • All other indicators (EMA, ADX) must align with the direction of the first trade.
      • Trade Settings:
        • Stop Loss: 60 pips from the entry point of the second trade.
        • Take Profit: Same target as the first trade.
    • Third Trade:

      • Reinforcement of Trades: Entry is based on more precise market analysis using the support and resistance indicator.
      • Conditions:
        • The loss of the first trade must reach two-thirds of the stop loss (e.g., if the stop loss is 60 pips, the first trade’s loss must reach 40 pips).
        • Support and resistance levels must be strong and in line with the trend.
        • RSI:
          • Below 25 for a long position.
          • Above 75 for a short position.
      • Trade Settings:
        • Stop Loss: Same as the second trade.
        • Take Profit: Same as the first and second trades.
  5. Trade Management:

    • After Achieving the Target: The bot reanalyzes the trend and must wait one hour before entering a new trade.
    • After Hitting the Stop Loss: A full hour must be waited before reanalyzing the market.
  6. Adjustable Settings:

    • Stop Loss: Adjustable.
    • Take Profit: Adjustable.
    • Lot Size: Adjustable.
    • Time Frame: Can be changed according to the trader's preference.

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