README.md

Market Pulse EA

Description

The Market Pulse EA is a simple and effective forex software designed for breakout level trading. It automatically identifies breakout levels based on the previous candle's high and low, and executes trades accordingly. The EA can be used on any currency pair and timeframe.

For detailed reviews and trading results of this product, please visit Forex Robot Easy. Please note that Forex Robot Easy is not the official developer of this product. We only provide a sample code that can work as described in the product. To find the official developer of this product, please refer to MQL5.

Features

• Adjustable stop loss and take profit levels
• Slippage control
• Customizable trade volume

Installation

1. Download the Market Pulse EA code file.
2. Open the MetaEditor in MetaTrader 5.
3. Click 'File' > 'Open' and select the downloaded code file.
4. Click 'Compile' to compile the code.
5. Close the MetaEditor.
6. Open the desired chart in MetaTrader 5.
7. Drag and drop the Market Pulse EA from the Navigator window to the chart.
8. Adjust the input parameters according to your trading preferences.
9. Click 'OK' to start using the EA.

Usage

The Market Pulse EA automatically executes trades based on the breakout levels calculated from the previous candle. Here's how it works:

1. The EA initializes by setting up the desired symbol and timeframe for trading.
2. On each tick, the EA checks if there are any open trades. If not, it proceeds to the next steps.
3. The EA calculates the breakout levels by adding and subtracting the stop loss value from the previous candle's high and low.
4. If the current price crosses the upper level, a buy order is placed.
5. If the current price crosses the lower level, a sell order is placed.
6. Once a trade is opened, the EA continuously monitors the price.
7. If a buy order reaches the take profit level (OrderOpenPrice() + TakeProfit * Point), it is closed.
8. If a sell order reaches the take profit level (OrderOpenPrice() - TakeProfit * Point), it is closed.
9. The EA repeats this process for each tick.

Parameters

• StopLoss: Stop loss value in pips.
• TakeProfit: Take profit value in pips.
• Slippage: Maximum allowed slippage in points.
• TradeVolume: Trading volume in lots.

Disclaimer

Please note that Forex Robot Easy is not the official developer of the Market Pulse EA. We only provide a sample code that can work as described in the product. To find the official developer of this product, please refer to MQL5.

For detailed reviews and trading results of this product, please visit Forex Robot Easy.