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Line Break Chart Automatic API Trade Program
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Description
Experience Level: Intermediate
PROGRAMMER MUST DO VIDEO ZOOM CALLS WITH ME TO COMMUNICATE PROFESSIONALLY****
Project Requirements:
Objective:
Develop a line break chart trading program for MEXC that utilizes the Market Cycle Indicator, TSP Cycle Indicator, and RSI to identify and execute trades in all available FUTURES cryptocurrencies. The program should seamlessly integrate with the MEXC platform API and adhere to the following trading rules:
Position Size:
* Initial trade size of $1
* After each stop-loss trade, the next trade will Maintain the same trade leverage as the last trade. The trade will increase leverage by 1x only when a new candle is created, up to MEXC's maximum leverage of 200x. Once the trade size reaches its max, It will maintain at the 200X trade size until the trade successfully concludes its cycle.
OVERALL Trend Parameters: (REFERENCE)
LONG TREND**** “A” ***
* If 2 of the 3 indicators or more TRIGGER Criteria being met for Long Positions in the same cycle. Then the OVERALL trend is SHORT.
* ———If Over Trend is SHORT, then Basic Indicator Requirement’s are as follows:
Market Cycle Indicator*
* For LONG Trades: Market Cycle Indicator line must be @ 10 or Below.
* For SHORT Trades: Market Cycle Indicator line must be @ 79 or Above.
TSP Cycle Indicator:
* For LONG Trade: Both RED and BLUE lines must be at the - 50 value.
* For SHORT Trade: Both RED and BLUE lines must be at the +50 value.
RSI Indicator:
* For SHORT Trades : RSI line must be @ 79 or Above.
* For LONG positions: RSI line must be @ 10 or Below.
LONG TREND**** “B” ***
* If 2 of the 3 indicators or more TRIGGER Criteria being met for Short Positions in the same cycle. Then the OVERALL trend is LONG.
Market Cycle Indicator*
* For LONG Trades: Market Cycle Indicator line must be @ 21 or Below.
* For SHORT Trades: Market Cycle Indicator line must be @ 90 or Above.
TSP Cycle Indicator:
* For LONG Trade: Both RED and BLUE lines must be at the - 50 value.
* For SHORT Trade: Both RED and BLUE lines must be at the +50 value.
RSI Indicator:
* For SHORT Trades : RSI line must be @ 90 or Above.
* For LONG positions: RSI line must be @ 21 or Below.
MOST BASIC Trade engagement Triggers for ALL TRADES :
Down Cycle (Red):
* Buy LONG market order at the High of the last closed candle.
* Stop loss: Low of the last closed candle.
Up Cycle (Green):
* Sell SHORT market order at the Low of the last closed candle.
* Stop loss: High of the last closed candle.
Trade Exiting:
* Exit a portion of the position based on the following percentage deductions at levels directly correlated to the TSP CYCLE INDICATOR:
After TSP indicator criteria is at -50 while in a short position or +50 in a Long Position. Then there will be a standard 68% Trailing stop sequence that will be initiated. While this trailing stop is in place, the following will begin to exit portions of the position based on percentages.
Meaning:
****Closed candles AFTER TSP of -50 or +50 (on Red Line ONLY)
* Closed Candle #1: close 9.75% of trade
* Closed Candle #2: close 9.25% of trade
* Closed Candle #3: close 8.75% of trade
* Closed Candle #4: close 8.25% of trade
* Closed Candle #5: close 7.75% of trade
* Closed Candle #6: close 7.25% of trade
* Closed Candle #7: close 6.75% of trade
* Closed Candle #8: close 6.25% of trade
* Closed Candle #9: close 5.75% of trade
* Closed Candle #10: close 5.25% of trade
* Closed Candle #11: close 4.75% of trade
* Closed Candle #12: close 4.25% of trade
* Closed Candle #13: close 3.75% of trade
* Closed Candle #14: close 3.25% of trade
* Closed Candle #15: close 2.25% of trade
* Closed Candle #16: close 1.75% of trade
* Closed Candle #17: close 1.25% of trade
Trade Cycle:
* Once the entire position is exited or a new trade cycle is triggered, the trade search cycle restarts
Project Requirements:
Objective:
Develop a line break chart trading program for MEXC that utilizes the Market Cycle Indicator, TSP Cycle Indicator, and RSI to identify and execute trades in all available FUTURES cryptocurrencies. The program should seamlessly integrate with the MEXC platform API and adhere to the following trading rules:
Position Size:
* Initial trade size of $1
* After each stop-loss trade, the next trade will Maintain the same trade leverage as the last trade. The trade will increase leverage by 1x only when a new candle is created, up to MEXC's maximum leverage of 200x. Once the trade size reaches its max, It will maintain at the 200X trade size until the trade successfully concludes its cycle.
OVERALL Trend Parameters: (REFERENCE)
LONG TREND**** “A” ***
* If 2 of the 3 indicators or more TRIGGER Criteria being met for Long Positions in the same cycle. Then the OVERALL trend is SHORT.
* ———If Over Trend is SHORT, then Basic Indicator Requirement’s are as follows:
Market Cycle Indicator*
* For LONG Trades: Market Cycle Indicator line must be @ 10 or Below.
* For SHORT Trades: Market Cycle Indicator line must be @ 79 or Above.
TSP Cycle Indicator:
* For LONG Trade: Both RED and BLUE lines must be at the - 50 value.
* For SHORT Trade: Both RED and BLUE lines must be at the +50 value.
RSI Indicator:
* For SHORT Trades : RSI line must be @ 79 or Above.
* For LONG positions: RSI line must be @ 10 or Below.
LONG TREND**** “B” ***
* If 2 of the 3 indicators or more TRIGGER Criteria being met for Short Positions in the same cycle. Then the OVERALL trend is LONG.
Market Cycle Indicator*
* For LONG Trades: Market Cycle Indicator line must be @ 21 or Below.
* For SHORT Trades: Market Cycle Indicator line must be @ 90 or Above.
TSP Cycle Indicator:
* For LONG Trade: Both RED and BLUE lines must be at the - 50 value.
* For SHORT Trade: Both RED and BLUE lines must be at the +50 value.
RSI Indicator:
* For SHORT Trades : RSI line must be @ 90 or Above.
* For LONG positions: RSI line must be @ 21 or Below.
MOST BASIC Trade engagement Triggers for ALL TRADES :
Down Cycle (Red):
* Buy LONG market order at the High of the last closed candle.
* Stop loss: Low of the last closed candle.
Up Cycle (Green):
* Sell SHORT market order at the Low of the last closed candle.
* Stop loss: High of the last closed candle.
Trade Exiting:
* Exit a portion of the position based on the following percentage deductions at levels directly correlated to the TSP CYCLE INDICATOR:
After TSP indicator criteria is at -50 while in a short position or +50 in a Long Position. Then there will be a standard 68% Trailing stop sequence that will be initiated. While this trailing stop is in place, the following will begin to exit portions of the position based on percentages.
Meaning:
****Closed candles AFTER TSP of -50 or +50 (on Red Line ONLY)
* Closed Candle #1: close 9.75% of trade
* Closed Candle #2: close 9.25% of trade
* Closed Candle #3: close 8.75% of trade
* Closed Candle #4: close 8.25% of trade
* Closed Candle #5: close 7.75% of trade
* Closed Candle #6: close 7.25% of trade
* Closed Candle #7: close 6.75% of trade
* Closed Candle #8: close 6.25% of trade
* Closed Candle #9: close 5.75% of trade
* Closed Candle #10: close 5.25% of trade
* Closed Candle #11: close 4.75% of trade
* Closed Candle #12: close 4.25% of trade
* Closed Candle #13: close 3.75% of trade
* Closed Candle #14: close 3.25% of trade
* Closed Candle #15: close 2.25% of trade
* Closed Candle #16: close 1.75% of trade
* Closed Candle #17: close 1.25% of trade
Trade Cycle:
* Once the entire position is exited or a new trade cycle is triggered, the trade search cycle restarts
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DAVID R.
100% (3)Projects Completed
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Freelancers worked with
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Projects awarded
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Last project
26 Jan 2024
United States
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