This code is for the MT5 iBotTrader Expert Advisor, developed by the Forex Robot Easy Team. It is designed for price action trading and includes an AI algorithm for making trading decisions.
The Expert Advisor class, iBotTrader, is the main component of this code. It includes event handlers for OnTick, OnInit, OnDeinit, and OnStart.
In the OnTick event handler, the AI algorithm for price action trading is implemented. This is where the trading logic is executed.
In the OnInit event handler, the trading symbol parameters are set using the SetSymbolParameters function of the CTrade class instance. The AI engine parameters can also be set here.
The OnDeinit event handler is used for performing necessary cleanup actions when the program is stopped.
The IsFridayHour function is used to check if it is a Friday hour. The logic for this check can be implemented here.
The CalculateLotSize function is used to calculate the lot size for trading XAUJPY based on the given risk percentage. The lot size calculation logic can be implemented here.
The OnStart event handler is the main entry point of the Expert Advisor. It increments the sales count, sets the promotional price for the EA, and displays it. It also checks and resolves any minor bugs from previous versions. Finally, it starts the trading based on the AI algorithm by calling the OnTick function.
The OnStart function is the entry point of the program. It initializes the Expert Advisor by calling the OnInit function and starts it by calling the OnStart function.
The OnDeinit event handler is used for performing necessary cleanup actions when the program is stopped.
The MT5 iBotTrader is an Expert Advisor developed by the Forex Robot Easy Team. It utilizes an AI algorithm for price action trading. With its advanced trading logic, it aims to provide reliable trading signals and profitable trading opportunities.
Key Features:
- Price action trading strategy
- AI algorithm for making trading decisions
- Customizable trading symbol parameters
- Risk management with lot size calculation based on risk percentage
- Bug fixes and improvements in each version
The iBotTrader is suitable for traders who prefer automated trading and want to take advantage of price action trading strategies. It can be used on various trading symbols, including XAUUSD, XAUAUD, XAUJPY, and XAUEUR.
Please note that ForexRobotEasy is not the official developer of this product. We only provide this sample code as a demonstration of how the iBotTrader Expert Advisor can work. For detailed reviews and trading results of this product, please visit Forex Robot Easy. To find the official developer of this product, please use the MQL5 platform.