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AN EXPERT BASED ON PENDING BUY STOP AND SELL STOP ORDERS

MQL5 Experts Forex Trading robot/indicator debugging Python

Specification

This is a MQL4 trading robot code that seems to implement a basic grid trading strategy. It opens two pending orders (a BuyStop and a SellStop) for a specified symbol when the current server time matches the specified trading time. It then modifies the stop loss and take profit of each order based on their type (BuyStop or SellStop). The lot size of each order is calculated using a risk percentage (RiskPercent) and the free margin available in the account.

Here are some of the important variables and functions used in this code:

Variables:

  • BuyPips: the distance in pips between the BuyStop and the current market price
  • SellPips: the distance in pips between the SellStop and the current market price
  • RiskPercent: the risk percentage used to calculate the lot size of each order
  • Ntokozo: a string variable used to display a comment on the chart
  • TradingTime: the time when the robot should start trading
  • ContractSize: the contract size used to calculate the lot size of each order
  • maxPendingOrders: the maximum number of pending orders that can be opened for each symbol
  • pendingOrdersCount: an array that keeps track of the number of pending orders for each symbol
  • symbolInitialized: a boolean array that keeps track of whether each symbol has been initialized or not

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