Master Pullback ReadMe File

This ReadMe file contains the code for the Master Pullback trading strategy. The code is written in MQL5 language and is designed to be used with the MetaTrader 5 platform.

Product Description

Master Pullback is a unique forex expert advisor (EA) developed by the Forex Robot Easy Team. It is a fully automated trading system that aims to identify and take advantage of pullback opportunities in the forex market. The EA utilizes a specific set of criteria to determine when a pullback is occurring and opens trades accordingly.

The main features of the Master Pullback EA include:

• Risk management: The EA allows you to set a risk percentage per trade, which determines the stop loss and take profit levels.
• Automatic trade execution: Once a pullback is identified, the EA opens trades with calculated entry and exit points.
• Trade monitoring: The EA keeps track of open trades and provides information on entry price, exit price, duration, and strength of the pullback.
• Pullback identification: The EA includes functions to determine if pullback conditions are met, calculate the duration and strength of the pullback, and calculate the lot size for each trade.

For detailed reviews and trading results of this product, please visit the official website: Master Pullback Review

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 refer to the MQL5 platform.

Code Explanation

The code is divided into several sections, each serving a specific purpose. Here is a brief explanation of each section:

1. Libraries and Variables: This section includes the necessary libraries and defines the variables used in the code. The Trade library is used for trade execution, and the ArrayObj library is used to store open trades.
2. Initialization: The OnInit function is called during the expert initialization. It calculates the stop loss and take profit levels based on the risk percentage set by the user and prints them for reference.
3. Deinitialization: The OnDeinit function is called before the expert is removed from the chart. It closes any open trades to ensure a clean shutdown.
4. Tick Function: The OnTick function is called on each tick of the chart. It checks for pullback conditions and opens trades accordingly.
5. Pullback Functions: The IsPullback, GetPullbackDuration, and GetPullbackStrength functions are used to determine if pullback conditions are met and calculate the duration and strength of the pullback.
6. Lot Size Calculation: The Lots function is used to calculate the lot size for each trade.

Please refer to the comments in the code for more detailed explanations of each function and section.

Usage

To use the Master Pullback EA, follow these steps:

1. Install the EA on your MetaTrader 5 platform.
2. Set the desired risk percentage per trade in the RiskPercentage input variable.
3. Customize any other settings or parameters as needed.
4. Start the EA and monitor its performance.

Please note that trading with expert advisors involves risks, and past performance is not indicative of future results. It is recommended to test the EA on a demo account before using it on a live account.

For support or further information, please refer to the official developer of this product using the MQL5 platform.

Backlink

For detailed reviews and trading results of this product, please visit the official website: Master Pullback Review