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Below is the pine eidtor script convert it to MQL5 coding language and create bot based on following condition
1. This all should be on 5-minute chart timeframe
2. For Buy side, buy after closing of second candle when buy signal is given and hold buy position until sell signal is given.
3. For sell side, sell after closing of second candle when sell signal is given and hold sell position until next buy signal will be given.
4. Stoploss should be the low of previous 4 candles after giving buy signal
5. for buy position lot size should be 0.01
6. for sell position lot size should be 0.01
//@version=5
strategy("Gold Bot", overlay=true)
// Inputs
a = input(2, title='Key Value (Sensitivity)')
c = input(1, title='ATR Period')
h = input(false, title='Signals from Heikin Ashi Candles')
// EMA Smoothing Inputs
len = input.int(9, minval=1, title="EMA Length")
offset = input.int(title="Offset", defval=0, minval=-500, maxval=500, display=display.data_window)
typeMA = input.string(title="Smoothing Method", defval="SMA", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group="Smoothing", display=display.data_window)
smoothingLength = input.int(title="Smoothing Length", defval=5, minval=1, maxval=100, group="Smoothing", display=display.data_window)
// ATR Calculation
xATR = ta.atr(c)
nLoss = a * xATR
// Source Selection
src = h ? request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, close, lookahead=barmerge.lookahead_off) : close
// ATR Trailing Stop Calculation
xATRTrailingStop = 0.0
iff_1 = src > nz(xATRTrailingStop[1], 0) ? src - nLoss : src + nLoss
iff_2 = src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0) ? math.min(nz(xATRTrailingStop[1]), src + nLoss) : iff_1
xATRTrailingStop := src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0) ? math.max(nz(xATRTrailingStop[1]), src - nLoss) : iff_2
// Position Calculation
pos = 0
iff_3 = src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0) ? -1 : nz(pos[1], 0)
pos := src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0) ? 1 : iff_3
// EMA Calculation
ema = ta.ema(src, len)
// Smoothing Calculation
smoothingLine = switch typeMA
"SMA" => ta.sma(ema, smoothingLength)
"EMA" => ta.ema(ema, smoothingLength)
"SMMA (RMA)" => ta.rma(ema, smoothingLength)
"WMA" => ta.wma(ema, smoothingLength)
"VWMA" => ta.vwma(ema, smoothingLength)
// Buy and Sell Conditions
above = ta.crossover(ema, xATRTrailingStop)
below = ta.crossover(xATRTrailingStop, ema)
buy = src > xATRTrailingStop and above
sell = src < xATRTrailingStop and below
// Stop Loss Calculation
stopLossLevel = ta.lowest(low, 3)
// Strategy Execution
if (buy)
strategy.entry("Long", strategy.long, stop=stopLossLevel)
if (sell)
strategy.close("Long")
// Plotting
plot(ema, title="EMA", color=color.blue, offset=offset)
plot(smoothingLine, title="Smoothing Line", color=#f37f20, offset=offset)
plotshape(buy, title='Buy', text='Buy', style=shape.labelup, location=location.belowbar, color=color.new(color.green, 0), textcolor=color.new(color.white, 0), size=size.tiny)
plotshape(sell, title='Sell', text='Sell', style=shape.labeldown, location=location.abovebar, color=color.new(color.red, 0), textcolor=color.new(color.white, 0), size=size.tiny)
barcolor(src > xATRTrailingStop ? color.green : na)
barcolor(src < xATRTrailingStop ? color.red : na)
// Alerts
alertcondition(buy, 'UT Long', 'UT Long')
alertcondition(sell, 'UT Short', 'UT Short')
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