// Golden Watch MT5 - Trading Robot // Developer: Forex Robot Easy Team // Website: forexroboteasy.com
// This trading robot is designed to trade in the MT5 platform using the Golden Watch algorithm. // It includes necessary libraries and indicators, such as the Trade library for executing trades and the PeakRepainterStrict indicator for identifying market volatility.
// The robot uses global variables to set default parameters, including the stop loss, take profit, lot size, volatility range, maximum number of orders to open, and risk percentage.
// The OnTick function is the main function that gets called on each tick of the market. It first checks if the PeakRepainterStrict indicator is ready. // If it is ready, the function proceeds to calculate the average number of transactions using historical data and adjust the volatility range based on this average. // Next, it checks if the price is consolidating and if there are no open positions. If these conditions are met, it opens a new series of orders using the adjusted volatility range. // Finally, it manages any manual orders that may have been placed.
// The CalculateAverageTransactions function calculates the average number of transactions using historical data. This function is not provided in the code and should be implemented separately.
// The AdjustVolatilityRange function adjusts the volatility range based on the average number of transactions. This function is not provided in the code and should be implemented separately.
// The CheckPriceConsolidation function checks if the price is consolidating. This function is not provided in the code and should be implemented separately.
// The OpenOrders function opens a new series of orders. It first calculates the appropriate lot size based on the risk percentage and volatility range. // It then opens the orders using the calculated lot size.
// The NormalizeLotSize function normalizes the lot size using specific rules. This function is not provided in the code and should be implemented separately.
// The ManageManualOrders function manages any manual orders that may have been placed. This function is not provided in the code and should be implemented separately.
// To use this trading robot, the user should set the desired parameters in the global variables section. // It is recommended to review the product description and trading results of the Golden Watch MT5 trading robot on the Forex Robot Easy website (https://forexroboteasy.com/forex-robot-review/golden-watch-mt5-review-advanced-algorithm-for-market-volatility/) for a detailed understanding of its features and performance. // Please note that Forex Robot Easy is not the official developer of this product. The provided code is a sample that can work as described in the product. // To find the official developer of this product, please refer to MQL5.