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Dipak Dilip Reddy
3 (2)
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 c
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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 call
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