ROBOT TO ACTIVATE BIDS ACCORDING TO DEFINED CONTROL AND ACTUAL PRICE POSITIONS

Hello, 

I want to design a Robot that will be built on the concept of market prices at different specified times in the market. This will consider the High and Low prices at the times and then take action based on the position whether to BUY or to SELL. The Robot will be inbuilt to accumulate profit as market moves towards expected direction and will close down if market reverts below a specific risk level or previous position. It can however continue bidding if market closes first and reverts back again to the position of the close, but in this case will start a new cycle of bidding rather than the previous progressive trend.

• Market/ Robot identify the previous High price and Low price of previous period. If no previous period, then a manual input of prices will be required for bid to start.

• If today/current High is Higher than previous High, then you BUY, else SELL

• A certain level of action will be given for bids to activate, eg If bid prices goes against current direction, then activate bid after a set up gap price against the direction.

• Market time frame can be set to update itself at specific times or after specific hours, in order to enable the robot to take actions using latest prices.

• Bids should automatically close when they are already in profits and have gone below 10-20% of current profit level.

• If Market goes to both sides of the updated prices, ie High and Low prices changes from previous period, then the first move after the new update will activate according to the rules first, while the last also updates when it reaches its level. However remember that prices movement will first follow the previous period movement and if it doesn’t reach the limits in the current period, then it reverts back

Find below the sample of the steps and logic

STAGE 1 -  DATA INPUT

 

STAGE 2- IDENTIFY MARKET MOVEMENT. CONSIDER THE DAILY DATA FROM D1 TO D2 TO D3 ETC

 

STAGE 3- IDENTIFY CONTROL BID PRICE IN CASE MARKET REVERTS FROM DIRECTION- GAP=10

 

NB S= SELL&PRICE, B= BUY&PRICE. THE CONTROL PRICES ARE DETERMINED AT END OF DAY.

YOU WILL SEE THAT DAY 2 WILL USE CONTROL PRICE OF DAY1, DAY 3 WILL USE CONTROL PRICE OF DAY 2, DAY 4 WILL USE CONTROL PRICE OF DAY 3 ETC.

STAGE 4- ACTUAL PRICE MOVEMENT BASED ON COLOURED MOVES

 

  

STAGE 5- PRICE MOVEMENT BASED ON THE ACTUAL AND CONTROL PRICE REPORT AS FOLLOWS

SO BASED ON THE ABOVE, THE ROBOT WILL BE ACTIVATING BIDS AS THE CONTROL PRICES CROSSES THE ACTUAL PRICES WITH A SELL IF FROM THE TOP DOWNWARDS AND A BUY IF FROM DOWN UPWARDS, AND IT WILL BE CLOSING AT AUTOMATED TP POSITIONS

I WANT THE ROBOT TO BE SELF AUTOMATED TO CLOSE BIDS IN PROFITS AND TO MANAGE BIDS IN LOSSES TO AVOID EXCESS LOSSES AT EACH POINT IN TIME OF MOVEMENT

I WANT THE SOURCE CODE AT END OF THE JOB

I WILL NEED BETWEEN 30 DAYS AND 60 DAYS TO TEST AND FINALIZE THE PERFECTION OF THE ROBOT. I MAY ALSO LIKELY NEED ANOTHER VERSION IN MT5 ONCE I GET A GOOD JOB