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How to Create a Trading Robot Using H Activator Indicator

Introduction to the Trading Robot

• The video begins with an introduction, where the presenter outlines the goal of creating a trading robot using the H Activator indicator.

• The process starts in the strategy editor, focusing on setting parameters for the robot.

Setting Parameters

• The first parameter set is "period H," which is defined as 3.

• Next, commands for buy and sell signals are established, with 'true' for buying and 'false' for selling.

• A variable named "var" is created to hold functions and signals related to buying and selling.

Defining Buy/Sell Signals

• The buy signal condition checks if closing prices are greater than the H Activator value.

• If a buy signal occurs, it plots a green bar; conversely, if a sell signal occurs, it plots a red bar.

Executing Trades

• The code includes conditions for executing market orders based on buy/sell signals.

• It checks if there are no open positions before executing trades to avoid conflicts.

Managing Positions

• Partial exits from positions are programmed using limit orders based on predefined parameters like entry price and partial size.

• Conditions are also set up for closing positions when opposite signals occur (e.g., closing buys when there's a sell signal).

Finalizing the Robot Setup

• After coding both buy and sell operations, final adjustments ensure that all conditions work seamlessly together.

• The presenter saves the robot configuration and prepares to test its functionality on charts by adding necessary indicators.

Overview of Custom Indicator Functionality

Comparison with Native Profit Indicator

• The custom indicator appears visually different from the native Profit indicator, but both display the same price level at 11,637.

• The primary distinction lies in appearance; functionality remains consistent as both indicators reflect identical pricing.

Implementing Color Rules

• A color rule is created by right-clicking on a specific bar and selecting "insert color rule," enhancing visual representation on the chart.

• The chart now colors based on performance: green for above threshold and red for below, indicating market conditions effectively.

Robot Configuration for Trading

• Before activating the trading robot, parameters are adjusted to enable selling while disabling buying options.

• Upon activation, the robot successfully executes a partial exit from a position when triggered by market signals.

Testing Buy and Sell Signals

• After switching settings to allow buying, the robot enters a position upon receiving a buy signal and exits promptly when a sell signal occurs.

• Further adjustments include setting entry quantities and partial order sizes to optimize trading strategy effectiveness.

Conclusion on Robot Performance

• The robot demonstrates reliable functionality by executing trades accurately based on predefined signals. A link will be provided for those interested in acquiring this trading tool.