Scope of Work for AI-Powered Trading Signal Bot
1. Project Overview
Develop an AI-powered bot that operates 24/7 to analyze Forex Trading, Precious Metal Trading, and US Stock Trading data. The bot will:
1. Generate trade signals based on selected technical indicators (e.g., Fair Value Gap, Order Block, Market Structure).
2. Apply money and risk management rules (customizable by the user).
3. Notify users via Telegram and WhatsApp with trade entry, stop loss, and take profit levels.
4. Provide comprehensive performance reports with metrics like profit/loss, profit factor, and risk-reward ratio.
5. Include a user login system for access control and individual settings.
6. Allow users to customize indicator combinations, money management, and risk parameters.
2. Core Functionalities
2.1. User Login and Access Management
• Registration System:
o User registration via email and password.
o Optional third-party authentication (Google, Microsoft).
o Account verification through email.
• Login System:
o Secure login using encryption (e.g., JWT or OAuth 2.0).
o Role-based access:
Admin: Full control over users, global settings, and trade signals.
Users: Personalized dashboards with trade signals and configuration options.
• Dashboard:
o Admin dashboard: Manage users, system settings, and reports.
o User dashboard: View signals, customize indicators, configure money and risk settings, and download reports.
2.2. AI Model Development
• Develop or fine-tune a GPT-based AI model with a trading-specific knowledge base:
o Integrate concepts from Pine Script and MQL5 for strategy encoding.
o Incorporate predefined and customizable rules for indicators like Fair Value Gap, Order Blocks, and Market Structure.
o Enhance the model with dynamic money and risk management logic:
Position sizing based on account balance.
Real-time adjustments to entry and exit levels based on user-defined constraints.
3. Data Integration and Processing
• Market Data Sources:
o Forex, Precious Metals, and US Stock markets via APIs (e.g., TradingView, MetaTrader, Alpha Vantage).
o Historical and live candle data.
• Data Pipeline:
o Real-time data fetching and processing.
o Preprocessing to calculate indicators and patterns.
4. Signal Generation
• Generate signals for trade entry, stop loss, and take profit levels based on:
o Indicator combinations (selected by the user).
o User-configurable conditions (e.g., minimum risk-reward ratio).
• Money and Risk Management:
o Position sizing formula: Position Size (lots)=Account Balance×Risk PercentageStop Loss (pips)×Pip Value\text[Position Size (lots)] = \frac[\text[Account Balance] \times \text[Risk Percentage]][\text[Stop Loss (pips)] \times \text[Pip Value]]
o Risk management rules:
Maximum risk per trade.
Maximum daily/weekly drawdown limits.
Stop trading when thresholds are exceeded.
o Trade scaling:
Fixed lot size or dynamic adjustment based on equity growth.
5. Alerts and Notifications
• Use webhooks to send trade signals to Telegram and WhatsApp.
• Notification content:
o Entry price, stop loss, take profit levels.
o Risk percentage, position size, and expected profit/loss.
• Real-time alerts for:
o Exceeding daily/weekly loss thresholds.
o Significant account changes (e.g., balance drops below a critical level).
6. Performance Reporting and Analytics
• Metrics:
o Trade-specific: Profit/loss, risk-reward ratio, success rate.
o Portfolio-wide: Profit factor, cumulative P&L, and drawdown percentages.
• Visualization:
o Cumulative P&L graphs.
o Risk-reward ratio heatmaps.
• Generate downloadable reports (PDF/Excel).
7. User Interface
• Admin Dashboard:
o Manage user accounts and global system settings.
o Monitor system performance and generate global reports.
• User Dashboard:
o Configure indicators and trading scenarios.
o Customize money and risk management settings.
o View real-time account metrics (e.g., equity, margin, drawdown).
o Access signal history and performance reports.
8. Deployment and Maintenance
• Hosting:
o Deploy the bot on a scalable cloud platform (AWS, Azure, GCP).
• Monitoring:
o Set up monitoring tools for system uptime and performance.
o Regular updates for new market data, indicators, and user feedback.
Deliverables
1. AI Model:
o Fine-tuned GPT model trained for trading-specific tasks and integrated with money/risk management logic.
2. Trading Signal Bot:
o Signal generation for Forex, Precious Metals, and US Stocks.
3. User System:
o Login, registration, and role-based access.
4. Webhooks and Alerts:
o Real-time notifications for trade signals and account status.
5. Dashboard:
o Web-based dashboards for both admin and users.
6. Reports:
o Performance tracking and downloadable reports.
7. Documentation:
o Technical documentation for developers.
o User guide for configuring and using the system.