Martingale Automated Bot Trading Strategy

Description:


1. We would like to have a strategy and trading rules based on this video explanation (https://www.youtube.com/watch?v=37WPYFM6gaI) to trade stocks and Forex on MT5. We want to have exactly the same strategy, very basic and we don't need any stop limits for overs.


2. We need to be able to trade the strategy for a selected list of stocks. It has to screen several stocks and trade simultaneously on the selected stocks/forex. Important: in the technical requirement we are asking that this bot can trade on multiple equities at the same time from the predefined list of equities that we will provide.


3. In the future we will connect this to the equity screening feed so we will be able to refresh this list on a regular basis.


4. This strategy needs to be working on both demo and live accounts.


5. Every order need to be measured not in quantity of stocks but in value (fractional shares). For example $100, $200, $300, $400.


6. Also, we need to be able to supply available brokerage cash and leverage. It has to calculate how many open positions it can have.


7. We need a separate bot/strategy for buying and a separate bot for shorting strategy.


8. We need help to implement this bot with MT5 and with our broker.

9. We don't need any stop limits for overs.


   10. By using Martingale we want to bid 10 then 20 then 30 then 4, multiplicator is 1, 2, 3, 4. When we open the position at the first instance, then you can bid any amount for the first time, but then multiplier as the following: (1st bid), (1st bid)x2, (1st bid)x3, (1st bid)x4. Stop. For example, if the first position is $100, then the second would be $200, $300, $400, so in total we will bid $1000 at a maximum.
*In the future we might want to increase multiplier to the 2nd, 3rd, 4th, but we don't want for this version.


   11. Position will open and closed during the 24 hour of the full day for specific market. For example for US stocks we will trade during trading market hour by the USA market. Example for stock market:
   1. TimeFrame: Default 1 day period of trading. It's not a limited timeframe, if it doesn't satisfy the conditions (price has to be lower than the previous position) it continues to the next day and multiplying by (x2) the position, then if it's not closed, (x3), then if not closed - (x4).
   2. Start Time To Trade: For USA market: 3:50 pm EST.
   3. End Time to Trade: For USA market: Closing market time. 4:00 pm EST. we have only 10 mins of time when the trade happens.

      12. Margin (leverage) will not be over 5 (for each dollar maximum 5).


      13. Special requirements:
      1. Symbol: has to be a multiple list of symbols (several), it could be shares or could be Forex.
      2. Default RSI(2) - period 2.
      3. MA: 200
      4. Enable Shorts: NO SHORTS.
      5. RSI High Level: 70.0
      6. RSI Low Level: 25.0
      7. Maximum trade quantity for each simbol is one per 1 day.


      14. With this bot/advisor we would like to have:
      1. Automatically place orders.
      2. Display trades/strategies on the charts.
      3. Ability to change minimum order/bid amount.
      4. Set maximum buying power.