Product Description
Hunting Cat Scalper MT5 is an expert advisor developed by the Forex Robot Easy Team. It is designed to identify potential breakout levels in specific price patterns and trade along with these breakouts. The expert advisor is specifically optimized for trading the USD/JPY currency pair.
For detailed reviews and trading results of this product, please visit forexroboteasy.com. Please note that ForexRobotEasy is not the official developer of this product. We only provide this sample code that can work as described in the product. To find the official developer of this product, please use MQL5.
Global Variables
ticket: Order ticket numberstopLoss: Stop loss level
Expert Initialization Function
The OnInit function is responsible for initializing necessary variables and settings. It is called when the expert advisor is first loaded onto the chart.
Expert Deinitialization Function
The OnDeinit function is called when the expert advisor is being shut down. It performs any necessary actions before the shutdown.
Expert Tick Function
The OnTick function is the main function of the expert advisor that is executed on each tick. It identifies potential breakout levels using the IdentifyBreakoutLevel function and trades along with the identified breakouts using the OpenTrade function.
Identify Potential Breakout Levels
The IdentifyBreakoutLevel function implements the logic to identify potential breakout levels in specific price patterns. It returns the breakout level.
Check if Breakout Level is Valid for Trading
The IsValidBreakout function validates if the identified breakout level is valid for trading. It returns a boolean value indicating the validity of the breakout level.
Open a Trade Based on the Identified Breakout Level
The OpenTrade function calculates the trade parameters based on the identified breakout level and opens a buy trade.
Check if the Trade is Closed
The IsTradeClosed function checks if the trade is closed by selecting the trade using the order ticket and checking the order close time.
Expert Execution Function
The OnTrade function is called after a trade is closed. It performs necessary actions after the trade is closed.
Expert Error Handling Function
The OnTradeError function is responsible for handling any unexpected situations during trading.
Calculate the Magic Number for the Trade
The MagicNumber function calculates the magic number for the trade.
Please note that this ReadMe file is for informational purposes only and should not be considered as official documentation for the Hunting Cat Scalper MT5 expert advisor. For detailed information and support, please refer to the official developer of the product using MQL5.