This is the source code for the EA Bloom Expert Advisor developed by Forex Robot Easy Team. Please note that Forex Robot Easy is not the official developer of this product. We only provide a sample code that can work as described in the product. For detailed reviews and trading results of this product, visit Forex Robot Easy - EA Bloom Review.
The EA Bloom Expert Advisor is designed to automate trading in the Forex market. It uses a virtual order system to assess potential entry points and favorable market conditions. The Expert Advisor can be used on any currency pair and timeframe, with customizable input parameters.
- Fully automated trading system
- Uses virtual orders to identify potential entry points
- Implements indicator interaction algorithm to identify favorable market conditions
- Customizable input parameters for lot size, stop loss, and take profit levels
- Supports multiple currency pairs and timeframes
- TimeFrame: The timeframe used for analysis (default: H1)
- LotSize: The lot size for each trade (default: 0.1)
- StopLoss: The stop loss level in points (default: 100)
- TakeProfit: The take profit level in points (default: 200)
The EA Bloom Expert Advisor works by continuously monitoring the market for potential entry points and favorable market conditions. It uses virtual orders to assess potential entry points and the indicator interaction algorithm to identify favorable market conditions.
The Expert Advisor operates in the OnTick() and OnChartEvent() functions. In the OnTick() function, it checks if there are any open orders. If no open orders are found, it calls the CheckEntryPoints() function to assess potential entry points. If a potential entry point is found, a market order is placed using the OrderSend() function.
In the OnChartEvent() function, the Expert Advisor checks if the chart event is a custom indicator interaction. If it is, it calls the CheckIndicatorInteraction() function to assess favorable market conditions. If favorable market conditions are identified, a market order is placed using the OrderSend() function.
The CheckEntryPoints() and CheckIndicatorInteraction() functions are placeholders for your custom logic to assess potential entry points and favorable market conditions. You can modify these functions to implement your own trading strategy.
The OnDeinit() function is called before the Expert Advisor is deinitialized. It closes any open orders before deinitialization using the OrderClose() function.
To use the EA Bloom Expert Advisor, follow these steps:
- Open the MetaTrader 5 platform.
- Attach the EA Bloom Expert Advisor to a chart.
- Set the desired input parameters (timeframe, lot size, stop loss, take profit).
- Enable automated trading and allow live trading in the platform settings.
- Monitor the Expert Advisor's performance and adjust the input parameters or trading strategy as needed.
Please note that Forex Robot Easy is not the official developer of the EA Bloom Expert Advisor. We provide this sample code for informational purposes only. To find the official developer of this product, use the MQL5 website or contact the product's official support channels.