This is an Expert Advisor for MetaTrader 5 (MT5) created by Forex Robot Easy Team. It is designed to perform trend line trading using Bollinger Bands.
The code provides several functions to support the trading strategy:
This function is responsible for drawing the trend lines based on Bollinger Bands. It takes the number of candles as a parameter.
This function generates a unique Magic Number for each trading position. It ensures that each trade has a distinct identifier. The generated Magic Number is returned.
This function allows for adjusting the take profit and stop loss levels. It takes the desired take profit and stop loss values as parameters.
This function limits the lot size based on a risk limit. It takes the risk limit as a parameter and adjusts the lot size accordingly.
This function serves as the main entry point of the Expert Advisor. It is executed during initialization. Any necessary initialization code should be placed here. It returns INIT_SUCCEEDED to indicate successful initialization.
This function is triggered on each tick event. It is where the main trading logic should be implemented.
This function is executed during deinitialization. It can be used to clean up any allocated resources or perform any necessary actions before the Expert Advisor is removed from the chart.
This function handles potential errors or exceptions that may occur during the execution of the Expert Advisor. It takes the error code and error message as parameters.
Buy Sell Bands MT5 is a powerful Expert Advisor designed to automate trend line trading using Bollinger Bands. It provides advanced features to enhance trading performance and minimize risk.
Key Features:
- Drawing trend lines based on Bollinger Bands
- Unique Magic Number generation for each trading position
- Adjustable take profit and stop loss levels
- Lot size limitation based on risk limit
- Real-time trading execution on each tick event
This Expert Advisor is suitable for both beginner and experienced traders. It eliminates the need for manual trading and allows traders to take advantage of trend line trading strategies with ease.
For detailed reviews and trading results of this product, please visit https://forexroboteasy.com/forex-robot-review/buy-sell-bands-mt5-review-trend-line-trading-expert-advisor/.
Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that can work as described in this product. To find the official developer of this product, please use MQL5.