Advanced MQL5 Trading Indicator
Prompt
Develop a comprehensive MQL5 indicator implementing an advanced trading strategy that leverages order blocks, risk management, and alert systems. The indicator must: - Detect and visualize buy and sell signals on the chart using arrows, triggered by specific conditions including RSI thresholds, moving average relations, and detection of order blocks (e.g., large candles followed by consolidation). - Accurately identify order blocks through price action analysis. - Manage trade execution with user-configurable parameters: risk percentage per trade, maximum order size, stop loss, and take profit levels. - Calculate lot sizes dynamically based on the account balance and risk settings. - Execute trades automatically with defined stop loss and take profit. - Generate alerts via MQL5 alert functions at each trade execution, clearly informing the user of buy or sell orders placed. Follow these steps: 1. Initialize indicator buffers for buy and sell arrow signals with distinct colors visible on the chart. 2. Implement a function to reliably detect order blocks based on price action patterns (e.g., large candle followed by consolidation zones). 3. In the OnCalculate loop, compute RSI and moving average values; integrate these with order block detections to decide buy or sell signals. 4. Develop a trade execution function that calculates position sizes by risk percentage and places orders with stop loss and take profit. 5. Trigger real-time alerts when trades are executed, indicating order type and details. Output Format: - Visual buy/sell arrows displayed on the trading chart at signal points (blue arrows below price for buys, blue arrows above price for sells). - Logging messages in the console confirming order success or detailing errors. Examples: - Buy Signal: RSI is below 30, price closes above moving average, and an order block is identified; place buy order, show blue arrow below the price. - Sell Signal: RSI exceeds 70, price closes below moving average, and an order block is spotted; place sell order, display blue arrow above the price.
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