AU Gold MT5 forex trading software

This code represents the AU Gold MT5 forex trading software developed by the Forex Robot Easy Team. The purpose of this software is to enhance forex trades using logarithmic cycles. It utilizes various techniques and strategies, including weekly cycle analysis, integration of Elliott Wave Theory, calculation of Fibonacci retracement and extension levels, and risk management.

Features

1. Logarithmic Cycles: The software determines open positions based on logarithmic cycles. It calculates alpha and beta for a ten-day cycle and determines intermediate trends using these values.

2. Weekly Cycle Analysis: The software analyzes weekly patterns to determine optimal entry and exit points. This analysis helps to identify potential market movements and trends.

3. Elliott Wave Theory Integration: The software integrates Elliott Wave Theory, a popular technical analysis approach, to forecast market movements. This technique helps in identifying potential price reversals and trends.

4. Fibonacci Retracement and Extension Levels: The software calculates Fibonacci retracement and extension levels. These levels are used to identify potential support and resistance levels and price targets.

5. Risk Management: The software includes risk management strategies to handle trades effectively. It determines open positions based on analysis and closes them if necessary, ensuring proper risk management.

6. Efficient Trade Execution: The software implements algorithms to ensure accurate and efficient trade execution. It handles trade execution timing and includes error handling mechanisms.

Usage

To use this software, you need to have the MetaTrader 5 platform installed. Follow the steps below to set up and run the software:

1. Import the necessary libraries included in the code.

2. Define the required constants such as lot size, leverage, stop loss, and take profit levels.

3. Initialize the global variables trade and position for trade operations.

4. Implement the determineOpenPositions() function to determine open positions based on logarithmic cycles.

5. Implement the analyzeWeeklyCycles() function to analyze weekly patterns and determine entry and exit points.

6. Implement the integrateElliottWaveTheory() function to integrate Elliott Wave Theory and forecast market movements.

7. Implement the calculateFibonacciLevels() function to calculate Fibonacci retracement and extension levels.

8. Implement the executeTrades() function to handle risk management and execute trades.

9. Implement the executeTradesTimely() function to ensure accurate and efficient execution of trades.

10. In the OnInit() function, initialize trade operations by setting the expert magic number.

11. In the OnTick() function, analyze weekly patterns, integrate Elliott Wave Theory, calculate Fibonacci levels, execute trades, and ensure timely execution of trades.

12. In the OnDeinit() function, clean up resources and deinitialize trade operations.

Disclaimer

Please note that Forex Robot Easy is not the official developer of this product. This code is provided as a sample that can work as described in the product. To find the official developer of this product, use MQL5.

For detailed reviews and trading results of this product, visit the Forex Robot Easy website.