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Momentum wave Breakout

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 calls the OnBar() function accordingly.
The OnDeinit() function is called when the EA is removed from the chart and performs cleanup tasks such as removing indicators.
The OnBar() function is the main trading logic that updates positions, checks for session close conditions, manages position closure and trailing stops, and opens new positions based on entry signals.
The GetEntrySignal() function determines the entry signal based on indicator values.
The ManageClose() function checks if the position should be closed based on indicator values.
The OpenPosition() function opens a new position with the specified lot size, stop loss, and take profit.
The ClosePosition() function closes the current position.
The ManageOrderSend() function sends an order request and handles retries in case of failures.
The CheckOrder() function checks if an order request is valid and handles errors.
The GetStopLossPrice() and GetTakeProfitPrice() functions calculate the stop loss and take profit levels based on specified parameters.

The GetTrailingStopPrice() function calculates the trailing stop price for a position.

Preferred instrument: EURUSD M30

Preferred brokers: Octafx incorporated.

Overall, this code represents a trading strategy using three indicators: Accelerator Oscillator, Williams' Percent Range, and Envelopes. The EA opens and closes positions based on the values of these indicators.





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Valeriia Mishchenko
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EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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5 (51)
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
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Profalgo Limited
4 (9)
Promoção de lançamento: Número limitado de cópias disponíveis no preço atual Preço final: 990$ NOVO: ganhe 1 EA grátis!   (para 2 contas comerciais) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Bem-vindo ao DayTrade Pro Algo!   Depois de anos estudando os mercados e programando diferentes estratégias, encontrei um algoritmo que tem tudo o que um bom sistema de negociação precisa: É corretor independ
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Thi Thu Ha Hoang
4.71 (28)
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Por que a maioria dos Expert Advisors (EAs) falham? Muitos Expert Advisors dependem de vantagens estatísticas temporárias que desaparecem quando o mercado muda, o que acontece continuamente. O problema da sobreotimização Além disso, a maioria dos desenvolvedores cai na armadilha de ajustar minuciosamente seus EAs para obter resultados perfeitos no passado, sem perceber que isso não se traduzirá em desempenho futuro no mercado. É crucial realizar testes que considerem cenários futuros.
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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
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