This code is an implementation of an ABCD pattern scanner for the MetaTrader 5 (MT5) platform. It scans multiple currency pairs and timeframes for ABCD patterns, which are geometric price patterns that can indicate potential trend reversals or continuations in the forex market.
To use this code, follow these steps:
- Download the code files from here.
- Open the MetaEditor in your MT5 platform.
- Create a new script and copy the code into the script editor.
- Compile the script by clicking on the 'Compile' button or pressing F7.
- If there are no errors, the script is ready to use.
The code is divided into several sections:
In this section, the necessary global variables and constants are initialized.
The OnTick function is called on every tick of the market. It contains a loop that scans multiple currency pairs and timeframes for ABCD patterns. Inside the loop, the necessary price data is retrieved, the ABCD pattern detection algorithm is implemented, and potential trend reversals or continuations are checked. Real-time results and performance updates are provided, and necessary trading functions are executed based on detected patterns.
The OnDeinit function is called when the program is being stopped or deinitialized. It is responsible for cleaning up any resources used by the program.
This section is reserved for utility functions that can be used for pattern detection and trading. You can add your own utility functions here.
This section is reserved for adding additional subscription options for traders. You can add your own code here.
This code provides an ABCD pattern scanner for the MT5 platform. It scans multiple currency pairs and timeframes for ABCD patterns, which can indicate potential trend reversals or continuations in the forex market. The code is designed to provide real-time results and performance updates, and it can execute necessary trading functions based on the detected patterns.
Please note that ForexRobotEasy is not the official developer of this product. We only provide sample code that can work as described in this product. To find the official developer of this product, please refer to the MQL5 platform or visit the official website mentioned in the header.
For detailed reviews and trading results of this product, please visit here.
This code is provided under the MIT License. You are free to use, modify, and distribute the code as per the terms of the license.
Special thanks to the Forex Robot Easy Team for providing this code. For more information, please visit their website: https://www.forexroboteasy.com.