Fibonacci retracement trader

MQL5 Эксперты

Техническое задание

1- Detect a trading range, fractals can be used for that with the option to use a HTF for these fractals. The high of the range is the current fractal high, and the low of the range is the current fractal low. Detect a price breakout (MSB)  above/below the range. The breakout needs to be a strong move, detect if the breakout leg has FVG in it, with a parameter to set the FVG threshold. Save the current range high and range low values.

2- Detect when price retraces back and taps into the range.

3- Detect when price creates a new high/low after previous step.

4- Draw a Fibonacci retracement where the fiblow value is the low of the range from step 1, and the fib high is the latest high (oposite for sells). Enter at 0.618 fib retracement only if the 0.618 level is below the first tap of the range   (step2).

See attached image.

Stop loss below the low of the range from step1.

Take profit at parametrized fib level (0.236, 0, etc). Option to move the stop loss to break even when prices reaches certain level, and to close half of the position at certain level.

Risk parameter as fixed lot or % of account.

Expert must work on forex pairs and main indexes (Nasdaq, DAX, US30..)

Expert must be written in a clean and easy to understand code, for futures modifications.


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