Spécifications
Hello, I need a bot that can identify Choch (Character Change). For this you must analyze the following
programmer must be familiar with smart money concepts
Identification of an established downtrend
Identification of a possible change in character: You begin to notice signs of exhaustion in the downtrend and a BOS appears.
Analysis of order blocks: There may be a decrease in selling pressure or a sudden increase in demand, indicating a possible change in market sentiment (BOS).
Confirmation of the change in character: Finally, you observe a significant increase in trading activity in the opposite direction to the previous trend. This change in direction is supported by an increase in trading volume and the breakout of key resistance levels.
Execution of the operation: Given this signal of change of character, you decide to open a long position (buy) in the EUR/USD, anticipating a reversal of the bearish trend. You set a stop-loss below the newly formed support level to limit losses in case the market moves against you.
Trade Management: As the trade progresses in your favor, you closely monitor the volume and price action to detect any reversal signals. If the price continues to rise and a new uptrend is confirmed, you might consider adjusting your profit targets and trailingstops to maximize potential profits.
Step 6 must be defined if it can be achieved, if not, up to step 5 is good and that the bot can go by risk level, lot and that it operates according to a chart or does market search.