Need to create a robot for Asia breakout with fixed stop loss and take profit

MQL5 Uzman Danışmanlar

İş Gereklilikleri

Hi, here is the strategy

First thing is At the beginning of the day, I want to be able to enter 3-6 forex pairs which fit my criteria. Example - EurUsd, AudNzd, GbpNzd. Watchlist will change from day to day and cannot be automated so I want the option to tell the robot which pairs it has to take entries.

I also want to mention if the pair is bullish or bearish, If bullish only look for buy, if bearish only sells.

Entry Condition-

Asia High or Low has to be broken. (Asia timings 20:00 - 23:00 NY time)

for a buy scenario - 

a. once Asia Low has been taken out, Buy Limit order at lower VWAP band 3 (+2 pips above). Stop loss is atr value of 1hr (atr settings RMA = 100). for this scenario, if price breaks high, entry should not be taken again at vwap middle.

b. once Asia High has been taken out, Buy limit order at middle Vwap band ( +2 pips above).  Stop loss is atr value of 1hr (atr settings RMA = 100). for this scenario, if price breaks asia low again, entry should not be taken at lower vwap .

for a sell scenario -

a. once Asia High has been taken out, Sell limit order at upper Vwap band ( -2 pips below). Stop loss is atr value of 1hr (atr settings RMA = 100). for this scenario, if price breaks asia low again, entry should not be taken at vwap middle.

a. once Asia Low has to be taken out, Sell Limit order at Middle VWAP band 3 (-2 pips below). Stop loss is atr value of 1hr (atr settings RMA = 100). for this scenario, if price breaks asia high, entry should not be taken at upper band.

Take profit is 3 x stop loss for all scenarios.

If limit order is not triggered by London end ( 6 am NY), cancel pending order.

Please let me know for more details about the strategy


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