AI Price Action Base Entry

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1. Base Entry:
Price Action Setup: The base entry can be defined using common price action patterns like candlestick formations (e.g., engulfing candles, pin bars, doji, etc.), support/resistance levels, or trend analysis.
Machine Learning: A trained model (e.g., a regression model or neural network) can be used to predict the likelihood of price action following a certain pattern (bullish/bearish).
Example: If a bullish pattern (like an engulfing pattern) occurs at a significant support level, the model gives a "buy" signal.
2. Target:
Fixed Target: A fixed target can be set as a multiple of the entry price (e.g., 1.5 times the risk distance from entry).
Dynamic Target: The target can also be adjusted dynamically based on volatility (e.g., ATR – Average True Range) or market conditions. This could involve setting the target based on historical price movement statistics.
3. Trailing Profit:
Fixed Trailing Profit: A fixed trail (e.g., move the stop loss to break-even after 10 pips) could be used once the price moves in the favorable direction.
ATR-Based Trailing: A more advanced trailing stop could be based on ATR, where the trailing stop follows the price movement at a set distance (e.g., 2x ATR).
AI Adjustment: The AI could adjust the trailing stop dynamically based on ongoing market analysis, for example, if the price has been trending strongly, it could widen the trail to lock in profits.
4. Stop-Loss (SL):
Fixed Stop-Loss: A standard fixed stop-loss could be placed based on a predetermined percentage of the price move (e.g., 2% or based on support/resistance levels).
AI Optimization: The AI model can predict the optimal level for stop-loss based on historical price action, volatility, and other factors.
ATR-Based SL: A more adaptive approach might involve using ATR to set stop-loss dynamically, making it wider when volatility is higher.

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Sürüm Notları

🟩 INTRODUCTION
Hello, everyone!
Please take the time to review this description and source code to utilize this script to its fullest potential.

🟩 CONCEPTS
This is a trend indicator. The trend is the 0.5 fibonacci level for a certain period of time.
A trend change occurs when at least one candle closes above the level of 0.236 (for long) or below 0.786 (for short). Also it has massive amout of settings and features more about this below.

With good settings, the indicator works great on any market and any time frame!

A distinctive feature of this indicator is its backtest panel. With which you can dynamically view the results of setting up a strategy such as profit, what the deposit size is, etc.
Please note that the profit is indicated as a percentage of the initial deposit. It is also worth considering that all profit calculations are based on the risk % setting.

🟩 FEATURES
First, I want to show you what you see on the chart. And I’ll show you everything closer and in more detail.
Let's go in order:
1. Strategies
This setting is responsible for loading saved strategies. There are only two preset settings, MANUAL and UNIVERSAL. If you choose any strategy other than MANUAL, then changing the settings for take profits, stop loss, sensitivity will not bring any results.
You can also save your customized strategies, this is discussed in a separate paragraph “🟩HOW TO SAVE A STRATEGY”
2. Sensitive
Responsible for the time period in bars to create Fibonacci levels
3. Start calculating date
This is the time to start backtesting strategies
4. Position group
Show checkbox - is responsible for displaying positions
Fill checkbox - is responsible for filling positions with background
Risk % - is responsible for what percentage of the deposit you are willing to lose if there is a stop loss
BE target - here you can choose when you reach which take profit you need to move your stop loss to breakeven
Initial deposit- starting deposit for profit calculation
5. Stoploss group
Fixed stoploss % checkbox - If choosed: stoploss will be calculated manually depending on the setting below(formula: entry_price * (1 - stoploss percent)) If NOT choosed: stoploss will be (formula: fibonacci level(0.786/0.236) * (1 + stoploss percent))
6. Take profit group
This group of settings is responsible for how far from the entry point take profits will be and what % of the position to fix
7. RSI
Responsible for configuring the built-in RSI. Suitable bars will be highlighted with crosses above or below, depending on overbought/oversold
8. Infopanels group
Here I think everything is clear, you can hide or show information panels
9. Developer mode
If enabled, all events that occur will be shown, for example, reaching a take profit or stop loss with detailed information about the unfixed balance of the position

🟩 HOW TO USE
Very simple. All you need is to wait for the trend to change to long or short, you will immediately see a stop loss and four take profits, and you will also see prices. Like in this picture: