I need a trading robot for Metatrader 5 that will use market structure (support & resistance channel; trendline channel; double top & bottom and fibonacci levels).

MQL5 Experts

Trabalho concluído

Tempo de execução 55 dias
Comentário do desenvolvedor
Thank You

Termos de Referência

Note: Attached pictures that demonstrate (5 attachments)

I need a trading robot that will use the following:

·        Support & resistance channel

·        Trendlines channel

·        Double bottom & double top

·        Head & shoulder

·        Fibonacci levels

·        Risk reward ratio of 1:3

·        Stop loss (5% of the account)

 

How the robot should trade: (Attached document with pictures of demonstration)

·        Support & resistance channel

Ø  Place a buy at major support.

Ø  Place a sell at major resistance.

Ø  Use a ratio of 1.3.

Ø  Stop loss of 5% of the account

 

·        Trendlines channel

Ø  Identify trendlines and trade in the direction of the trendline.

Ø  Sell in a downward trendline and buy in a up trendline.

Ø  Trendline breakout: if it is a (bullish flag; ascending triangle or falling wedge) breakout, it must buy at retracement of 61.8% and if it is a (bearish flag; bearish wedge; rising wedge or descending triangle) breakout should sell at retracement of 61.8% fib level.

Ø  Use a ratio of 1.3.

Ø  Stop loss of 5% of the account

 

·        Double bottom & double top

Ø  Double bottom: buy at the breakout of neckline.

Ø  Double top: sell at breakout of neckline.

Ø  Stop loss 5% of the account.

 

·        Head & shoulder

Ø  Normal head & shoulder: sell at breakout of neckline.

Ø  Inverted head & shoulder: buy at breakout of neckline.

 

Required Input Parameters:

·        Lot size

·        Number of trades

·        Stop loss %

·        Risk reward ratio


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