Automated Trading Bot with Heikin Ashi and HL Bars Analysis
Budget: $30 – $250 USD
1. Trading Strategy Setup
Chart Configuration: The bot will operate using a chart that combines Heikin Ashi (in OHLC format) and HL bars. The index will begin at specific session open times:
European Session: Starts at 9:00 AM.
US Session: Starts at 3:30 PM.
Entry Signal Criteria:
At the start of each index session, the bot will wait for a break of a colored HL bar.
Short Entry (Sell): If several green HL bars appear at the session opening and then a red bar breaks the lowest level of the previous green bars:
The bot will execute a sell at the closing of the red bar.
Stop Loss: Placed at the highest price of the red bar +1 tick to avoid equal stops.
Long Entry (Buy): If several red HL bars appear at the session opening and then a green bar breaks the highest level of the previous red bars:
The bot will execute a buy at the closing of the green bar.
Stop Loss: Placed at the lowest price of the green bar -1 tick to avoid equal stops.
2. Take Profit (TP) and Risk Management
Take Profit Options:
The bot will be able to use either a single TP or multiple TPs, depending on the user’s selection.
Gain/Loss Functionality:
The bot will include a gain/loss calculation function that determines when to stop trading for the session.
The objective will be user-defined at the beginning of each session. Once this objective is reached, the bot will automatically pause until the next session.
3. Daily Target and TP Multiplication
Single Daily TP: The bot will allow the user to set a single daily TP, which will represent the daily profit objective.
Once this daily target is reached, the bot will pause all trading activities until the next index open session.
TP Multiplication: The bot will have a function that allows the user to multiply the number of TPs as many times as desired.
Multi-Account Trading: The bot will also provide an option to associate multiple trading accounts for simultaneous trading.
4. Loss Management for Specific Indices
Dax Index:
If at 4:00 PM the accumulated losses reach a specified number of points (xxxpts), the bot will set the new TP as half of the losses accumulated during the European session.
US Indices:
If at 6:00 PM the accumulated losses reach a specified number of points (xxxpts), the bot will set the new TP as half of the losses accumulated during the US session.
Summary of Requirements:
Chart Configuration and Entry Strategy:
Chart combining HL bars (with Heikin Ashi in OHLC format).
Entry based on breaks of colored HL bars at session open (9:00 AM European, 3:30 PM US).
Proper Stop Loss placement (+1/-1 tick).
Take Profit and Session Objectives:
Support for one or multiple TPs.
Gain/Loss calculation function to pause trading when the objective is reached.
Daily Objective and TP Multiplication:
Configurable single daily TP to pause the bot upon reaching it.
Multiplication of TPs and support for multiple accounts.
Loss Management at Specific Times:
Dax Index: TP adjustment at 4:00 PM to recover half of losses.
US Indices: TP adjustment at 6:00 PM to recover half of losses.
Chart Configuration: The bot will operate using a chart that combines Heikin Ashi (in OHLC format) and HL bars. The index will begin at specific session open times:
European Session: Starts at 9:00 AM.
US Session: Starts at 3:30 PM.
Entry Signal Criteria:
At the start of each index session, the bot will wait for a break of a colored HL bar.
Short Entry (Sell): If several green HL bars appear at the session opening and then a red bar breaks the lowest level of the previous green bars:
The bot will execute a sell at the closing of the red bar.
Stop Loss: Placed at the highest price of the red bar +1 tick to avoid equal stops.
Long Entry (Buy): If several red HL bars appear at the session opening and then a green bar breaks the highest level of the previous red bars:
The bot will execute a buy at the closing of the green bar.
Stop Loss: Placed at the lowest price of the green bar -1 tick to avoid equal stops.
2. Take Profit (TP) and Risk Management
Take Profit Options:
The bot will be able to use either a single TP or multiple TPs, depending on the user’s selection.
Gain/Loss Functionality:
The bot will include a gain/loss calculation function that determines when to stop trading for the session.
The objective will be user-defined at the beginning of each session. Once this objective is reached, the bot will automatically pause until the next session.
3. Daily Target and TP Multiplication
Single Daily TP: The bot will allow the user to set a single daily TP, which will represent the daily profit objective.
Once this daily target is reached, the bot will pause all trading activities until the next index open session.
TP Multiplication: The bot will have a function that allows the user to multiply the number of TPs as many times as desired.
Multi-Account Trading: The bot will also provide an option to associate multiple trading accounts for simultaneous trading.
4. Loss Management for Specific Indices
Dax Index:
If at 4:00 PM the accumulated losses reach a specified number of points (xxxpts), the bot will set the new TP as half of the losses accumulated during the European session.
US Indices:
If at 6:00 PM the accumulated losses reach a specified number of points (xxxpts), the bot will set the new TP as half of the losses accumulated during the US session.
Summary of Requirements:
Chart Configuration and Entry Strategy:
Chart combining HL bars (with Heikin Ashi in OHLC format).
Entry based on breaks of colored HL bars at session open (9:00 AM European, 3:30 PM US).
Proper Stop Loss placement (+1/-1 tick).
Take Profit and Session Objectives:
Support for one or multiple TPs.
Gain/Loss calculation function to pause trading when the objective is reached.
Daily Objective and TP Multiplication:
Configurable single daily TP to pause the bot upon reaching it.
Multiplication of TPs and support for multiple accounts.
Loss Management at Specific Times:
Dax Index: TP adjustment at 4:00 PM to recover half of losses.
US Indices: TP adjustment at 6:00 PM to recover half of losses.