AR Stochastic EA ReadMe File

About

The AR Stochastic EA is an expert advisor developed by the Forex Robot Easy Team. It is a free strategy that analyzes the Stochastic line on the last closed candle to generate buy or sell signals in the MetaTrader 5 platform. This code serves as a sample and is not developed by the official AR Stochastic EA developer. For detailed reviews and trading results of the official product, please visit Forex Robot Easy.

Installation

1. Copy the AR_Stochastic_EA.mq5 file into the MetaTrader 5 experts folder.
2. Restart MetaTrader 5 or refresh the expert advisors list.
3. Drag and drop the AR Stochastic EA onto the desired chart.

Functionality

• The expert advisor initializes necessary variables and indicators in the OnInit() function.
• Indicators are added to the chart in the OnInit() function.
• The OnTick() function is called on every tick and analyzes the Stochastic line to generate buy or sell signals.
• The StochasticLineAboveLevel() and StochasticLineBelowLevel() functions check if the Stochastic line is above or below a chosen level.
• The GenerateSellSignal() and GenerateBuySignal() functions execute necessary actions for sell and buy signals, such as opening a trade and setting stop loss and take profit levels.
• The expert advisor provides logging and reporting functions for message and analysis logging.
• Error handling and reporting functions are included to handle any errors that may occur.
• The main program logic is implemented in the OnStart() function.
• Additional functions, helpers, and utilities can be implemented as needed.

Disclaimer

This code is provided as a sample and is not the official code developed by the AR Stochastic EA developer. The Forex Robot Easy Team is not the official developer of this product. We only provide sample code that can work as described in the product. To find the official developer of this product, please use the MQL5 platform.