MQLSquare Grid Scalper

Developer: Forex Robot Easy Team

Developer's site: forexroboteasy.com

Product Description

MQLSquare Grid Scalper is a Forex trading robot that utilizes a grid trading strategy with a multiplier effect. The robot is designed to place buy and sell orders based on market trends, with the aim of generating profits from price fluctuations.

The strategy used by MQLSquare Grid Scalper involves opening multiple trades at specific price levels, with each trade having an increased lot size compared to the previous one. This allows the robot to take advantage of market volatility and potentially maximize profits.

The robot includes the following features and settings:

• Lot Size: The initial lot size for each trade.
• Multiplier: The factor by which the lot size is increased for each subsequent trade.
• MaxTrades: The maximum number of trades that can be opened.
• Slippage: The allowed slippage value in pips.
• Trade Management Functions: Functions to open and close buy and sell orders.
• Market Analysis Function: Function to analyze market trends and determine if the market is trending up or down.
• Profit Calculation Function: Function to calculate the profit or loss of a trade based on entry and exit prices.
• Main Trading Function: The main function that retrieves and analyzes market data, places initial trades, and monitors and manages trades.

Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that can work as described in this product. To find the official developer of this product, please use MQL5.

For detailed reviews and trading results of this product, please visit forexroboteasy.com.

Usage

To use MQLSquare Grid Scalper, follow these steps:

1. Include the necessary libraries and dependencies: Trade.mqh and ArrayObj.mqh.
2. Define the global variables according to your desired settings, such as lot size, multiplier, maximum trades, and slippage.
3. Implement the trade management functions: OpenBuyOrder(), OpenSellOrder(), CloseBuyOrder(), and CloseSellOrder().
4. Implement the market analysis function: IsMarketTrendingUp(). This function should return true if the market is trending up, or false otherwise.
5. Implement the profit calculation function: CalculateProfit(). This function should calculate the profit or loss of a trade based on the entry and exit prices, and whether it is a buy or sell order.
6. Implement the main trading function: Start(). This function should retrieve and analyze market data, place initial trades, and monitor and manage trades.
7. Initialize necessary trading functions and settings in the OnInit() function.
8. Clean up and release resources in the OnDeinit() function.
9. Execute the main trading function in the OnTick() function.

Disclaimer

Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that can work as described in this product. To find the official developer of this product, please use MQL5. For detailed reviews and trading results of this product, please visit forexroboteasy.com.