I want to create a bot using this program ;
python
import os
import requests
import MetaTrader5 as mt5
import pandas as pd
from textblob import TextBlob
import time
import smtplib
from email.mime.text import MIMEText
import logging
Configure logging
logging.basicConfig(filename='trading_bot.log', level=logging.INFO, format='%(asctime)s - %
(levelname)s - %(message)s')
def connect_to_mt5():
"""Connect to MetaTrader 5."""
if not mt5.initialize():
logging.error("MetaTrader 5 initialization failed.")
return False
return True
def fetch_news(api_key):
"""Fetch news articles related to Forex."""
url = f"https://newsapi.org/v2/everything?q=forex&apiKey={api_key}"
response = requests.get(url)
if response.status_code != 200:
logging.error(f"Failed to fetch news: {response.status_code}")
return []
return response.json().get('articles', [])
def analyze_sentiment(articles):
"""Analyze sentiment of news articles."""
sentiments = []
for article in articles:
analysis = TextBlob(article['title'])
sentiments.append({
'title': article['title'],
'sentiment': analysis.sentiment.polarity
})
return pd.DataFrame(sentiments)
def predict_impact(sentiment_score):
"""Predict market impact based on sentiment score."""
if sentiment_score > 0.5:
return "Positive Impact"
elif sentiment_score < -0.5:
return "Negative Impact"
else:
return "Neutral Impact"
def send_email_alert(email_address, email_password, recipient_email, subject, message):
"""Send email alerts."""
msg = MIMEText(message)
msg['Subject'] = subject
msg['From'] = email_address
msg['To'] = recipient_email
try:
with smtplib.SMTP('smtp.gmail.com', 587) as server:
server.starttls()
server.login(email_address, email_password)
server.send_message(msg)
logging.info("Email alert sent successfully!")
except Exception as e:
logging.error(f"Error sending email: {e}")
def calculate_trade_size(account_balance, risk_percentage):
"""Calculate suggested trade size based on risk management."""
risk_amount = account_balance * (risk_percentage / 100)
stop_loss_value = 0.0020 # Example stop loss (20 pips for EUR/USD)
trade_size = risk_amount / stop_loss_value
print(f"Account Balance: {account_balance:.2f}")
print(f"Suggested Trade Size: {trade_size:.2f} lots based on {risk_percentage}% risk.")
return trade_size
def execute_trade(symbol, action, volume):
"""Execute a trade based on action (buy/sell)."""
order_type = mt5.ORDER_BUY if action == "buy" else mt5.ORDER_SELL
price = mt5.symbol_info_tick(symbol).ask if action == "buy" else
mt5.symbol_info_tick(symbol).bid
order = {
'action': mt5.TRADE_ACTION_DEAL,
'symbol': symbol,
'volume': volume,
'type': order_type,
'price': price,
'sl': 0,
'tp': 0,
'deviation': 10,
'magic': 234000,
'comment': f"{action.capitalize()} order",
}
result = mt5.order_send(order)
if result.retcode != mt5.TRADE_RETCODE_DONE:
logging.error(f"Failed to execute order: {result.retcode}")
else:
logging.info(f"Executed {action} order successfully.")
def monitor_and_alert_high_profit(symbol):
"""Monitor open trades and alert on high profits."""
positions = mt5.positions_get(symbol=symbol)
for position in positions:
current_price = mt5.symbol_info_tick(symbol).bid if position.type == mt5.ORDER_BUY else
mt5.symbol_info_tick(symbol).ask
# Check for adverse price movement (e.g., more than a specified percentage against the
trade)
if position.type == mt5.ORDER_BUY and current_price < position.price - 0.0050:
print(f"Closing Buy position due to unexpected risk at price {current_price}")
close_order(position.ticket)
elif position.type == mt5.ORDER_SELL and current_price > position.price + 0.0050:
print(f"Closing Sell position due to unexpected risk at price {current_price}")
close_order(position.ticket)
# Check for high profit condition (e.g., if profit exceeds a certain threshold)
profit_threshold = 50.00 # Set your desired profit threshold in account currency units.
if position.profit >= profit_threshold:
alert_message = f"High Profit Alert! Position {position.ticket} has reached a profit of
{position.profit}."
print(alert_message)
send_email_alert(EMAIL_ADDRESS, EMAIL_PASSWORD, RECIPIENT_EMAIL, "High Profit
Alert", alert_message)
def close_order(ticket):
"""Close a specific trade by ticket number."""
order_close_request = {
"action": mt5.TRADE_ACTION_DEAL,
"position": ticket,
"symbol": symbol,
"volume": 0.1,
"type": mt5.ORDER_SELL if position.type == mt5.ORDER_BUY else mt5.ORDER_BUY,
"deviation": 10,
"magic": 234000,
"comment": "Closing order due to risk",
}
result = mt5.order_send(order_close_request)
if result.retcode != mt5.TRADE_RETCODE_DONE:
logging.error(f"Failed to close order {ticket}: {result.retcode}")
else:
logging.info(f"Closed order {ticket} successfully.")
def main():
api_key = os.getenv('NEWS_API_KEY') # Set your News API key as an environment variable
if not connect_to_mt5():
return
trading_symbol = "EURUSD"
while True:
try:
articles = fetch_news(api_key)
sentiment_df = analyze_sentiment(articles)
average_sentiment = sentiment_df['sentiment'].mean()
if average_sentiment > 0.5: # Example condition for buying
execute_trade(trading_symbol, "buy", 0.1)
elif average_sentiment < -0.5: # Example condition for selling
execute_trade(trading_symbol, "sell", 0.1)
account_balance_info = mt5.account_info()
account_balance = account_balance_info.balance if account_balance_info is not None else
None
if account_balance is not None:
risk_percentage_per_trade = float(input("Enter the percentage of your account balance
you wish to risk per trade (e.g., 1 for 1%): "))
suggested_trade_size = calculate_trade_size(account_balance,
risk_percentage_per_trade)
monitor_and_alert_high_profit(trading_symbol)
time.sleep(3600) # Wait for an hour before the next iteration
except Exception as e:
logging.error(f"An error occurred: {e}")
if name == "main":
main()
Creating a trading bot using the provided Python code is a great way to automate trading
decisions based on market sentiment derived from news articles. Below, I’ll break down the key
components of your bot, suggest improvements, and provide some additional considerations for
successful implementation.
Key Components of Your Trading Bot
1. Connecting to MetaTrader 5
The function connect_to_mt5() initializes the connection to the MetaTrader 5 platform. Make sure
you have the MetaTrader 5 terminal installed and properly configured.
2. Fetching News Articles
The fetch_news(api_key) function retrieves Forex-related news articles using the News API.
Ensure your API key is valid and that you handle any potential rate limits imposed by the API.
3. Sentiment Analysis
Using TextBlob, your bot analyzes the sentiment of news article titles in
analyze_sentiment(articles). This is a simple yet effective way to gauge market sentiment.
4. Trade Execution
The function execute_trade(symbol, action, volume) places buy or sell orders based on
sentiment analysis results. Make sure to test this function in a demo account before using it in
live trading.
5. Risk Management
The calculate_trade_size(account_balance, risk_percentage) function helps in determining the
appropriate trade size based on your account balance and risk tolerance.
6. Monitoring Trades
The monitor_and_alert_high_profit(symbol) function checks open trades for profit thresholds
and sends email alerts if conditions are met.
Suggested Improvements
Error Handling
Improve error handling throughout the bot to ensure that it can recover from unexpected
issues without crashing.
Consider implementing retries for network requests (e.g., when fetching news).
Logging Enhancements
Add more detailed logging, especially around trade execution and market conditions.
Consider logging sentiment scores and trade sizes for better analysis later.
Parameterization
Instead of hardcoding values (like stop loss), consider making them configurable via a
settings file or user input.
Allow users to set different thresholds for sentiment analysis and profit alerts.
Performance Optimization
Instead of sleeping for an hour (time.sleep(3600)), consider using a scheduling library like
schedule or APScheduler for more flexibility in timing.
Additional Considerations
Testing
Thoroughly test your bot in a demo environment before deploying it to live trading.
Use backtesting with historical data to evaluate how your strategy would have performed in
past market conditions.
Compliance and Regulations
Ensure that your trading activities comply with local regulations and brokerage policies.
Be aware of any risks associated with automated trading, including market volatility and
unexpected price movements.
Security
Store sensitive information like API keys and email credentials securely (e.g., using
environment variables or secure vaults).
Consider implementing two-factor authentication for email alerts to enhance security.
Conclusion
Your trading bot has a solid foundation, leveraging news sentiment analysis to inform trading
decisions. By implementing the suggested improvements and considerations, you can enhance
its reliability, performance, and security. Happy coding, and good luck with your trading
endeavors!
