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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.


Recensioni 1
Andiray
436
Andiray 2023.12.21 08:46 
 

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

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benvenuto a       Versione GoldExcel EA MT5   , trading valido per la coppia di valute XAUUSD (GOLD) di oggi. È stato progettato dal nostro team per gestire account regolari, account sponsorizzati e attività. Non utilizzare il trading ad alta frequenza. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Il prezzo iniziale aumenta ogni poche settimane. Live $1K account Aggressive :  https://www.mql5.com/en/signals/2133201 Live $5K Low Risk:  https://www.mql5.com/en/si
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Denis Kurnev
4.5 (14)
AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
SSX Titan TT
Artem Minchuk
3.23 (48)
Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
Quantum Trade EA MT5
Bogdan Ion Puscasu
4.79 (139)
Presentazione       Quantum Trade EA   , l'innovativo consulente esperto MQL5 che sta trasformando il modo in cui fai trading sulla prestigiosa coppia GBPUSD! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni, Quantum Trade       EA è progettato per spingere il tuo viaggio di trading a nuovi livelli con la sua strategia innovativa e dinamica della zona di breakout. IMPORTANTE! Dopo l'acquisto inviatemi un messaggio privato per ricevere il manuale di installa
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Antonio Simon Del Vecchio
5 (10)
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Profalgo Limited
4.5 (10)
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipendente dal broker Si sviluppa indipendente Mostra backtest mol
Hercules AI
Aleksandr Chebotaev
5 (4)
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
Darwin Swing MT5
Guillaume Duportal
4.92 (38)
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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
436
Andiray 2023.12.21 08:46 
 

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

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