All Divergence Scanner MT4

This is a sample code for the All Divergence Scanner MT4 developed by Forex Robot Easy Team. Please note that Forex Robot Easy is not the official developer of this product. We are only showcasing the sample code that can work as described in the official product by the original developer. To find the official developer of this product, please visit MQL5.

Table of Contents

• Global Variables
• Divergence Detection Function
• Real-Time Results Function
• User Interface Function
• Trade Functions
• Performance and Efficiency Function
• Documentation Function
• Main Program

Global Variables

In this section, you can define the currency pairs, timeframes, and divergence threshold for the scanner.

string[] currencyPairs = {'EURUSD', 'GBPUSD', 'USDJPY', 'AUDUSD'}; // List of currency pairs to scan
ENUM_TIMEFRAMES[] timeframes = {PERIOD_M1, PERIOD_M5, PERIOD_M15, PERIOD_H1}; // List of timeframes to scan
double divergenceThreshold = 0.0001; // Minimum threshold for detecting divergences

Divergence Detection Function

The DetectDivergence() function scans multiple currency pairs and timeframes for divergences. It fetches price and indicator data, identifies divergences, and displays scan results.

void DetectDivergence()
{
   // Code to scan multiple currency pairs and timeframes for divergences
   for(int i=0; i<ArraySize(currencyPairs); i++)
   {
      for(int j=0; j<ArraySize(timeframes); j++)
      {
         // Code to fetch price and indicator data for the given currency pair and timeframe
         double[] priceData = GetPriceData(currencyPairs[i], timeframes[j]);
         double[] indicatorData = GetIndicatorData(currencyPairs[i], timeframes[j]);
         
         // Code to identify divergences between price and indicators
         bool divergenceDetected = CheckDivergence(priceData, indicatorData, divergenceThreshold);
         
         // Code to display scan results and analysis
         if(divergenceDetected)
         {
            Print('Divergence detected for ', currencyPairs[i], ' on timeframe ', EnumToString(timeframes[j]));
            // Code to provide alerts or notifications for potential trading opportunities
            SendAlert('Divergence detected for ', currencyPairs[i], ' on timeframe ', EnumToString(timeframes[j]));
         }
      }
   }
}

Real-Time Results Function

The UpdateRealTimeResults() function continuously updates data in real-time by calling the DetectDivergence() function at regular intervals.

void UpdateRealTimeResults()
{
   // Code to continuously update data in real-time
   while(true)
   {
      DetectDivergence(); // Call the divergence detection function
      Sleep(1000); // Sleep for 1 second before running the detection again
   }
}

User Interface Function

The CreateUserInterface() function creates a user-friendly interface for the Divergence Scanner MT4. It can display scan results, analysis, and provide customization options for users.

void CreateUserInterface()
{
   // Code to create a user-friendly interface for the Divergence Scanner MT4
   // Implement features to display scan results and analysis in a clear and organized manner
   // Enable customization options for users to set preferences and parameters
   // This section can be implemented using GUI functions or external libraries
}

Trade Functions

The ExecuteTradingDecisions() function executes trading decisions based on the divergence detection. It can be implemented using MQL5 trade functions or through integration with existing trading platforms or APIs.

void ExecuteTradingDecisions()
{
   // Code to execute trading decisions based on divergence detection
   // The trading execution can be implemented using MQL5 trade functions or through integration with existing trading platforms or APIs
}

Performance and Efficiency Function

The OptimizePerformance() function optimizes the performance and efficiency of the Divergence Scanner. It implements efficient algorithms to handle large amounts of data and calculations, ensuring smooth operation without delays or disruptions.

void OptimizePerformance()
{
   // Code to optimize performance and efficiency
   // Implement efficient algorithms to handle large amounts of data and calculations
   // Ensure the scanner operates smoothly without causing delays or disruptions
}

Documentation Function

The GenerateDocumentation() function generates clear and comprehensive documentation for the Divergence Scanner. It includes instructions on installation, configuration, and usage, as well as any dependencies or external libraries required for the code to function properly.

void GenerateDocumentation()
{
   // Code to generate clear and comprehensive documentation
   // Include instructions on how to install, configure, and use the Divergence Scanner MT4
   // Document any dependencies or external libraries required for the code to function properly
}

Main Program

The OnStart() function is the main program that calls all the necessary functions. It first calls the user interface function, then the trade functions, performance and efficiency function, documentation function, and finally the real-time results function.

void OnStart()
{
   CreateUserInterface(); // Call the user interface function
   ExecuteTradingDecisions(); // Call the trade functions
   OptimizePerformance(); // Call the performance and efficiency function
   GenerateDocumentation(); // Call the documentation function
   UpdateRealTimeResults(); // Call the real-time results function
}

Please note that this is a sample code provided by Forex Robot Easy, and to obtain the official version and more details about the product, visit here.