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EvolutionaryTrader

5
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 settings, position-related variables, bar-related variables, and indicator handlers.

The OnInit() function is called during the EA's initialization. It sets up various variables and indicators required for the EA's operation.

The OnTick() function is executed on every tick received by the EA. It checks if a new bar has formed and calls the OnBar() function accordingly.

The OnBar() function is responsible for managing the EA's logic on each new bar. It updates the position, checks for session close conditions, manages position closure, trailing stop, and determines entry signals for opening new positions.

The UpdatePosition() function retrieves information about the current open position, such as position type, ticket, lots, stop loss, and take profit.

The InitIndicators() function initializes the required indicators for the EA. In this example, it adds two indicators: RSI and Standard Deviation.

The GetEntrySignal() function calculates the entry signal based on the defined indicators and their respective parameters. It determines whether to open a buy, sell, or no position (OP_FLAT).

The ManageClose() function checks if the conditions for closing an open position are met. In this case, it checks for a specific condition related to the Standard Deviation indicator.

The OpenPosition() function opens a new position based on the provided command (buy or sell). It calculates the stop loss and take profit prices based on the input parameters and calls the ManageOrderSend() function to execute the trade.

The ClosePosition() function closes the currently open position by executing an opposite trade.

The ManageOrderSend() function handles the order sending process. It attempts to send the order multiple times and waits for a certain duration between retries. It checks if the trade context is free, performs order checks, and sends the order using the OrderSend() function. It also handles the case when the order filling mode needs to be changed.

The remaining functions ModifyPosition(), CheckOrder(), GetStopLossPrice(), GetTakeProfitPrice(), GetTrailingStopPrice(), and ManageTrailingStop() are responsible for modifying positions, checking orders, calculating stop loss/take profit prices, and managing the trailing stop functionality.

The code also includes the OnDeinit() function, which is called when the EA is removed or reloaded from the chart. It cleans up any indicators added to the chart by deleting them.

Preferred: USDCAD H1

Preferred brokers: Octafx incorporated.


Reviews 1
Konrad Mieszkowski
698
Konrad Mieszkowski 2023.07.17 22:53 
 

I have been using EA for 2 weeks and it gives quite a lot of income. It's coming along well. Will post an update in a few weeks.

Profitable EA

From July 15 to August 1 account grow up 29.92%

7 trades 100% win.

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Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is   Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool
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GatorDeviation Breakout
Dipak Dilip Reddy
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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
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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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Konrad Mieszkowski
698
Konrad Mieszkowski 2023.07.17 22:53 
 

I have been using EA for 2 weeks and it gives quite a lot of income. It's coming along well. Will post an update in a few weeks.

Profitable EA

From July 15 to August 1 account grow up 29.92%

7 trades 100% win.

Dipak Dilip Reddy
2007
Reply from developer Dipak Dilip Reddy 2023.10.29 11:02
Your kind words have made our day! We are delighted to hear that you are satisfied with our service and we are thrilled to have been able to meet your expectations.
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