One of you may be able to create one before I can. I would greatly appreciate it if someone could possibly assist me with the creation of a bot. You do not have to back test it, but hey, you can if you want. I will be using the MT4 platform. Here’s what I’m thinking:
Trades on the five minute chart for USD/CAD, EUR/USD, GBP/USD, AUD/USD, and USD/CHF from 12am-6pm EST. Having multiple trades at once is fine, but I’d like to cut it around 4.
There are three indicators in use: A (27, 78, 156) Ichimoku (three times slower), a 24 EMA, and a 63 EMA.
Buy Signal: Buy when the the tenkan sen crosses the kijun sen from below; AND the 24 EMA crosses the 63 from below; AND the chikou span is above price (which is 26 periods in the past); AND price is above the tenkan sen.
Close Buy: Take profit at 5 pips, Stop loss at 10.
Sell Signal: Sell when the the tenkan sen crosses the kijun sen from above; AND the 24 EMA crosses the 63 from above; AND the chikou span is below price (which is 26 periods in the past); AND price is below the tenkan sen.
Close Sell: Take profit at 5 pips, Stop loss at 10.
I’d like to stop all activity at 25 pips a day. I would also like to be out at 35 pip loss.
Of course, this is still a work in progress. I would like to fool around with parameter settings, time frames, take profits, and stop losses after back testing this version. The reason is because I’ve watched these “rules” play out, and they do capture enough pips throughout the day to be profitable. However, inevitably, there are choppy times when all the rules are in line but it isn’t a trade I would take, and could result in a loss. I don’t have the time to watch every trade unravel… yet… So, if the kind soul who codes this could give me a primer on how to fiddle with these settings, it would be greatly appreciated!
Feel free to email me!
Thank you!