This code represents the Daelylas Gold Swing trading strategy developed by the Forex Robot Easy Team. It is a swing trading strategy designed to trade gold (XAUUSD) and the Australian dollar against the US dollar (AUDUSD) in the MetaTrader 5 platform.
- MinProfit: Minimum profit required for a swing condition to be met
- TimeFrame: Testing timeframe for the strategy
The function IsSwingCondition() is responsible for determining the swing conditions. The actual swing condition logic needs to be added to this function. Currently, a placeholder condition is used, which always returns true.
PlaceOrder(string symbol, ENUM_ORDER_TYPE orderType, double volume, double stopLoss, double takeProfit): Places a new order with the specified parameters.ModifyOrder(int ticket, double stopLoss, double takeProfit): Modifies an existing order with the specified parameters.CancelOrder(int ticket): Cancels an existing order with the specified ticket number.RiskManagement(): Implements risk management logic for the strategy.TrailingStop(): Implements trailing stop logic for the strategy.
The OnTick() function is the main entry point of the code. It checks if the swing conditions are met and places orders accordingly. In the current implementation, if the swing conditions are met, a buy order is placed for 0.1 volume on XAUUSD with a stop loss of 100 pips and a take profit of 200 pips. Additionally, a sell order is placed for 0.1 volume on AUDUSD with a stop loss of 200 pips and a take profit of 100 pips.
After placing the orders, the RiskManagement() and TrailingStop() functions are called to manage the risk and implement trailing stop logic.
The GetTestingResults() function is responsible for retrieving and processing the testing results of the strategy. The actual implementation of this function is not provided in the code and needs to be added separately.
The OnInit() function is called during the initialization of the code. Currently, it calls the GetTestingResults() function to retrieve the testing results. If the initialization is successful, it returns INIT_SUCCEEDED.
The OnDeinit(const int reason) function is called during the deinitialization of the code. The actual deinitialization logic needs to be added to this function.
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, please refer to MQL5.
For detailed reviews and trading results of this product, please visit Daelylas Gold Swing Review - Pro Traders Top Swing Trade Tool.