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GatorDeviation Breakout

5
The given MQL5 code is for an Expert Advisor (EA) that implements a trading strategy using the Alligator indicator and the Standard Deviation indicator. Here's a breakdown of the code:

The code defines various input parameters for the EA, including entry lots, stop loss, take profit, indicator parameters, and expert settings.
The OnInit() function initializes the EA by setting some variables and validating the initialization.
The OnTick() function is called on each tick of the price data and checks if a new bar has formed. If so, it calls the OnBar() function.
The OnBar() function is the main logic of the EA. It updates the current position, checks if the position needs to be closed, manages trailing stops, and determines whether to open a new position based on the entry signal.
The UpdatePosition() function retrieves the current position information for the specified symbol and magic number.
The InitIndicators() function initializes the indicators used in the strategy (Alligator and Standard Deviation).
The GetEntrySignal() function calculates the entry signal based on the indicator values and returns either OP_BUY, OP_SELL, or OP_FLAT (no signal).
The ManageClose() function checks if the position needs to be closed based on the indicator values.
The OpenPosition() function opens a new position based on the given command (OP_BUY or OP_SELL) and calculates the stop loss and take profit levels.
The ClosePosition() function closes the current position by sending an opposite order.
The ManageOrderSend() function sends an order (market or pending) with retry logic.
The ModifyPosition() function modifies the stop loss and take profit levels of an existing position.
The CheckOrder() function checks if an order is valid using OrderCheck() and handles error conditions.
The GetStopLossPrice() and GetTakeProfitPrice() functions calculate the stop loss and take profit prices based on the current bid/ask and specified parameters.
The GetTrailingStopPrice() function calculates the trailing stop price for the current position.

Preferred: EURGBP H1

Preferred brokers: Octafx incorporated.


Bewertungen 1
Andiray
435
Andiray 2023.12.21 08:46 
 

Great EA. Thanks a lot. Works profitable on my Demo Acc.

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Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you
Hercules AI
Aleksandr Chebotaev
2.6 (30)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
US30 Scalper EA MT5
Lo Thi Mai Loan
5 (10)
Startaktion! Nur noch wenige Exemplare zum aktuellen Preis verfügbar! Nächster Preis: 1533 $ Endpreis: 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT4:  https://www.mql5.com/en/market/product/113580?source=Site+Market+Product+Page For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news US30 Scalper EA i
Dark Algo MT5
Marco Solito
5 (42)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
This expert advisors search for short trend continuation movements, I recomend use it with BTC and ETH  0 Units left at 900 USD. Next price 10.000 USD on monday sept 2 The approach is use a very few but high effectives rules / filters and an effective management of the opened position. Signal https://www.mql5.com/en/signals/2246489 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configu
Supply Demand EA ProBot MT5
Georgios Kalomoiropoulos
4.5 (2)
Ein vollautomatisierter Berater nach dem Prinzip von Angebot und Nachfrage . Das erste Unternehmen, das eine vollautomatische Bedarfs- und Angebotsberatung anbietet. Der Handel ist jetzt noch einfacher und Sie haben die volle Kontrolle über Ihre Handelsstrategie. Verwendet ein praktisches grafisches Bedienfeld. Sie erhalten eine sehr hochwertige algorithmische Handelssoftware mit über 15.000 Codezeilen. Anforderungen an den ProBot-Leitfaden für den EA-Vorschlag Der beste Weg, ein kompetenter
Daytrade Pro Algo MT5
Profalgo Limited
3.88 (8)
Aktion starten: Begrenzte Anzahl von Exemplaren zum Tagespreis erhältlich Endpreis: 990 $ NEU: Erhalte 1 EA gratis!   (für 2 Handelskonten) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Willkommen bei DayTrade Pro Algo!   Nachdem ich jahrelang die Märkte studiert und verschiedene Strategien programmiert habe, habe ich einen Algorithmus gefunden, der alles hat, was ein gutes Handelssystem braucht: Es
Quantum StarMan
Bogdan Ion Puscasu
4.91 (77)
Hallo zusammen, ich möchte mich vorstellen: Ich bin   Quantum StarMan,   das elektrisierendste, frischeste Mitglied der   Quantum EAs-   Familie. Ich bin ein vollautomatischer, mehrwährungsfähiger EA mit der Fähigkeit, bis zu 6 dynamische Paare zu handhaben:   AUDUSD, EURAUD, EURGBP, EURUSD, GBPUSD und USDCAD   . Mit höchster Präzision und unerschütterlicher Verantwortung bringe ich Ihr Tradingspiel auf die nächste Stufe. Und hier ist der Clou: Ich verlasse mich nicht auf Martingale-Strat
Aura Black Edition MT5
Stanislav Tomilov
4.26 (27)
Aura Black Edition is a fully automated EA designed to trade GOLD only. Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money management used, no martingale, no grid or scalp. Suitable for any broker conditions. EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of mult
SFE Impulse
Joel Juanpere
5 (1)
This expert advisors search for perfect impulse setups.  The approach is use a very few but high effectives rules / filters and an effective management of the opened position. 0 Units left at 1.500 USD. Price will be set at 10.000 USD on sept 2 night Signal https://www.mql5.com/es/signals/2049326 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configure, and can be used with the default pa
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EvolutionaryTrader
Dipak Dilip Reddy
5 (1)
The provided code is an example of an Expert Advisor (EA) written in MQL5, a programming language used for creating algorithmic trading systems in MetaTrader 5. Here is a breakdown of the code: The code begins with various input parameters and settings defined using the input keyword. These parameters allow customization of the EA's behavior, such as entry lots, stop loss, take profit, and indicator parameters. Several constant values and variables are declared, including session time setti
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This strategy uses two indicators: Commodity Channel Index (CCI) and Envelopes. It opens a buy position when the CCI crosses above the lower level and closes it when the price crosses above the upper band of the Envelopes. It opens a sell position when the CCI crosses below the upper level and closes it when the price crosses below the lower band of the Envelopes. It also uses a fixed stop loss and take profit, and a trailing stop based on the previous bar’s high or low. It has some parameters t
The code is a trading robot that uses two indicators moving averages crossover and envelopes. It opens a buy or sell trade when the fast moving average crosses the slow moving average and the price is above or below the envelopes. It closes the trade when the opposite signal occurs or when the stop loss or take profit is reached. It also has some session settings to limit the trading hours and days. The code has some input parameters to adjust the trade size, stop loss, take profit, magic number
Here's a short note explaining some of its key aspects: The code starts with defining various input parameters such as entry amount, stop loss, take profit, and indicator parameters. The code includes functions and variables to manage trading positions, handle position updates, and check entry signals. The OnInit() function is called when the EA is initialized and performs necessary initialization tasks. The OnTick() function is called on each tick and checks if a new bar has formed, then cal
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Andiray
435
Andiray 2023.12.21 08:46 
 

Great EA. Thanks a lot. Works profitable on my Demo Acc.

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