This is the code for Buser EA, a Forex trading software developed by the Forex Robot Easy Team. It is designed to execute trades based on market analysis using moving averages and trend indicators. The software includes risk management and drawdown management parameters, as well as options for force open and auto lot size.
The code includes the necessary libraries and dependencies for the trade execution and market analysis. These include the Trade library for trade operations, the MovingAverages library for calculating moving averages, and the Trend library for determining the trend direction.
The code initializes the trade object, as well as the market analysis tools - moving averages (ma) and trend (trend).
Risk management parameters are defined to control the trade risk. The stop loss parameter specifies the maximum loss in pips allowed for a trade, while the take profit parameter specifies the desired profit in pips. The trailing stop parameter sets the trailing stop in pips.
Drawdown management parameters are defined to limit the maximum drawdown as a fraction of the account balance. The maxDrawdown parameter specifies the maximum drawdown as a fraction of the account balance.
Trading parameters are defined to configure the trading behavior. The forceOpen parameter is set to false, disabling the force open functionality. The autoLotSize parameter is set to true, enabling the auto lot size function. If auto lot size is deactivated, the fixedLotSize parameter is used to set a fixed lot size for trades.
The main function for trade execution is the OnTick() function. It checks if there is already an open trade for the current symbol. If not, it performs market analysis using the moving averages and trend indicators.
If the moving average value is positive and the trend direction is up, a buy trade is executed. The position size is calculated based on the account balance and risk tolerance. If the auto lot size function is deactivated, the fixed lot size is used. A trailing stop is set for the buy trade.
If the moving average value is negative and the trend direction is down, a sell trade is executed. The position size is calculated in the same way as for the buy trade, and a trailing stop is set for the sell trade.
Buser EA is a Forex trading software developed by the Forex Robot Easy Team. It is designed to automate trading decisions based on market analysis using moving averages and trend indicators. The software includes risk management parameters to control trade risk, as well as drawdown management parameters to limit the maximum drawdown. It also offers options for force open and auto lot size.
This code serves as a sample implementation of the Buser EA trading strategy. It is not the official developer's code, but it demonstrates how the software can work based on the provided parameters. For detailed reviews and trading results of the official Buser EA product, please visit the Forex Robot Easy website at forexroboteasy.com. To find the official developer of this product, please refer to the MQL5 platform.