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ICTBOT

turtle soup bot mt5

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Erion
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205 views2 pages

ICTBOT

turtle soup bot mt5

Uploaded by

Erion
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//+------------------------------------------------------------------+

//| TurtleSoup.mq5|
//| Copyright 2024, MetaQuotes Software Corp. |
//| ICT Strategy|
//+------------------------------------------------------------------+
#include <Trade\Trade.mqh>
CTrade trade;

// Input parameters
input double LotSize = 1.0; // Lot size
input double RiskRewardRatio = 5.0; // Risk-Reward Ratio
input int LookBackPeriod = 20; // Look-back period for support/resistance

// Global variables
double stopLoss;
double takeProfit;

//+------------------------------------------------------------------+
//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
// Initialization code
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Expert deinitialization function |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
// Cleanup code
}
//+------------------------------------------------------------------+
//| Expert tick function |
//+------------------------------------------------------------------+
void OnTick()
{
// Check for new bar
static datetime lastTime = 0;
if (lastTime == iTime(Symbol(), PERIOD_M5, 0))
return;
lastTime = iTime(Symbol(), PERIOD_M5, 0);

// Define Bid and Ask if not predefined


double Bid = SymbolInfoDouble(Symbol(), SYMBOL_BID);
double Ask = SymbolInfoDouble(Symbol(), SYMBOL_ASK);

// Identify key levels


double supportLevel = iLow(Symbol(), PERIOD_M5, iLowest(Symbol(), PERIOD_M5,
MODE_LOW, LookBackPeriod, 1));
double resistanceLevel = iHigh(Symbol(), PERIOD_M5, iHighest(Symbol(),
PERIOD_M5, MODE_HIGH, LookBackPeriod, 1));

// Check for false breakout and trade entry conditions


if (iHigh(Symbol(), PERIOD_M5, 1) > resistanceLevel && iClose(Symbol(),
PERIOD_M5, 1) < resistanceLevel)
{
// False breakout above resistance - enter sell trade
stopLoss = resistanceLevel + 10 * _Point;
takeProfit = Bid - (RiskRewardRatio * (stopLoss - Bid));
trade.Sell(LotSize, Symbol(), Bid, stopLoss, takeProfit, NULL);
}
else if (iLow(Symbol(), PERIOD_M5, 1) < supportLevel && iClose(Symbol(),
PERIOD_M5, 1) > supportLevel)
{
// False breakout below support - enter buy trade
stopLoss = supportLevel - 10 * _Point;
takeProfit = Ask + (RiskRewardRatio * (Ask - stopLoss));
trade.Buy(LotSize, Symbol(), Ask, stopLoss, takeProfit, NULL);
}
}
//+------------------------------------------------------------------+

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