ICT Template MT4

Product Description

The ICT Template MT4 is an optimized forex software developed by the Forex Robot Easy Team. It is designed to provide real-time trading alerts and assist traders in making informed decisions.

For detailed reviews and trading results of this product, please refer to the Forex Robot Easy website.

Code Explanation

Libraries

The code includes two necessary libraries: PositionInfo.mqh and Trade.mqh. These libraries provide functions and classes for managing trading positions and trades.

Global Variables

• NYTime: A variable to store the New York time.
• elementColor: A variable to store the color of the elements.

Function - synchronizeWithNYTime()

This function is used to synchronize the EA with the New York time. It adds 5 hours to the current time to convert it to New York time.

Function - visualizePDArrays()

This function is responsible for visualizing PD arrays in the chart buttons. However, the code for this visualization is missing and needs to be added.

Function - customizeElementColors()

This function allows the user to customize the color of the elements. It takes a newColor parameter and updates the elementColor variable accordingly.

Function - manageTrades()

This function implements trade management functions. However, the code for trade management is missing and needs to be added.

Function - supportFunctions()

This function incorporates support functions for decision-making. However, the code for support functions is missing and needs to be added.

Entry Point - OnInit()

The OnInit() function is the entry point of the program. It performs the following tasks:

• Synchronizes with New York time using the synchronizeWithNYTime() function.
• Visualizes PD arrays using the visualizePDArrays() function.
• Customizes element colors to red using the customizeElementColors() function.
• Manages trades using the manageTrades() function.
• Performs support functions using the supportFunctions() function.

Main Program Loop - OnTick()

The OnTick() function is the main program loop that is executed on each tick. However, it is duplicated in the code and needs to be removed. The actual code for the main program operations should be added here.

Program Termination - OnDeinit()

The OnDeinit() function is called when the program is terminated. It can be used to perform any necessary cleanup or final operations.

Error Handling - OnTradeError()

The OnTradeError() function is called when there is a trade error. It can be used to handle and manage trade errors. However, the code for handling trade errors is missing and needs to be added.

Note

ForexRobotEasy 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 use MQL5.