LL Hedge EA MT5

This is the code for the LL Hedge EA MT5, developed by the Forex Robot Easy Team. For detailed reviews and trading results of this product, please visit forexroboteasy.com.

Description

LL Hedge EA MT5 is a trading expert advisor for MetaTrader 5 platform. It is designed to implement a hedge strategy based on MA cross indicator. The EA places buy market orders and sell pending stop orders according to the signals generated by the MA cross indicator.

Features

• Lot multiplier for the sell pending stop order
• Maximum allowed risk per trade
• Stop loss level for each position
• Take profit level for each position

Usage

1. Set the desired values for the input parameters:

   • lotMultiplier: Lot multiplier for the sell pending stop order
   • maxRisk: Maximum allowed risk per trade
   • stopLoss: Stop loss level for each position
   • takeProfit: Take profit level for each position

2. Run the LL Hedge EA MT5 on your MetaTrader 5 platform.

How it Works

The LL Hedge EA MT5 uses the MA cross indicator to generate buy signals. When a buy signal is detected, the EA places a buy market order and a sell pending stop order. The lot size for the orders is calculated based on the account balance and the maximum allowed risk per trade.

Initialization

The OnInit function is called during the initialization of the expert advisor. You can add any necessary initialization code in this function.

Deinitialization

The OnDeinit function is called during the deinitialization of the expert advisor. You can add any necessary deinitialization code in this function.

Tick Function

The OnTick function is called on every tick of the market. In this function, the MA cross indicator is implemented to generate buy signals. If a buy signal is detected, the EA places a buy market order and a sell pending stop order. Position management and risk management can also be implemented in this function.

Calculate Lot Size

The CalculateLotSize function calculates the lot size based on the account balance and the maximum allowed risk per trade. The lot size is normalized to two decimal places.

Performance Monitoring

The MonitorPerformance function can be used to implement performance monitoring code.

Strategy Analysis

The AnalyzeStrategy function can be used to analyze the strategy performance by implementing backtesting and optimization code.

Please note that ForexRobotEasy is not the official developer of this product. This code is provided as a sample and should work as described in the product. To find the official developer of this product, please use MQL5.