Expert Advisor

1. Name : Candlecapital EA

2. Tools : 50 moving average, support and resistance, stop loss, candle size, time frames, lot size

3. A bullish candle closes above ema 50, bot opens a buy with stop loss below the previous 4 hrs candle( not exactly at the low of the previous 4hrs, a little gap below it)

4. In between the buy entry and the stop loss, it opens a buy limit at 50 % of  the entry and stop loss with an increased lot size. 

5. The trade continues buying until the bot discovers 2 bearish candles apart from doji and spinning top. Meaning their would be a minimum candle size to reverse the trade. I.e two candles with reasonable body sizes. We can agree on this.

6. Once it sees those candles, it authomatically closes the buy trades and opens a sell with the same rule as in buy BUT the moment another one full body bullish candle open that is not doji and spinning top, it closes the sell and continues the buy.

7. However, once it's on a buy and didn't see any reversal candles, BUT gets to a resistance zone, it automatically close the buy trades and expect one full body bearish candle to open a sell. In this case, it will require 2 full body bullish candles again to reverse because the bot assumes the trend has changed. Once price closes above the resistance zone on the trade time frame, the buy trend resumes again with the logic

8. Now regarding lot size and take profit. There will be series of lot sizes to chose from. If the first trade opens with 0.001 and the buy limit opens with 0.002, Take profit will be certain pips away from entry and it opens another buy same way and keep repeating until open trade closes in loss then the next trade opens with 0.002 and pending order with 0.003. The moment this recovery trade close in profit, bot goes back to 0.001. The idea is to recover part if not all the lost trade.

9. Now their should be options of time frames. Meaning I could take the buy from 30min and ask the bot to look for the two bearish candles on 1hr. 

10. I could also be switching between 2 or 3 or 4 candles. I.e I could say, buy with one bullish candle but to sell look for 3 candles and on another selected time frame etc

11. Also for stop loss, I should be able to say use the low of previous one 4hrs candle or 0 stop loss meaning no stop loss. If the stop loss is on 0 then the bot must use say close at 50% loss on profit in the case of a winning trade or 10% of balance in the case of a losing trade.

12. The above is same for sell. I.e once price closes below 50 ema

13. I have tried to put everything here now left for your professional input. Thanks