This code is for the Monarchs Trade Machine MT4, a reliable forex software developed by the Forex Robot Easy Team. Please note that ForexRobotEasy is not the official developer of this product. We are only showcasing a sample code that can potentially work as described in this product. To find the official developer of this product, please use MQL5.
The Monarchs Trade Machine MT4 is a trading robot that executes trades based on predefined trading signals and strategies. It uses various libraries and functions to handle trade operations, position information, symbol information, and trade signals.
The code initializes the necessary libraries and defines the required variables. The user has the option to customize the trading strategy mode, maximum lot size, maximum deposit load, maximum number of simultaneous trades, real-time data analysis, and error handling.
The code then initializes the trade robot and trade signals for each currency pair. The InitTradingFunctions() function is called to initialize the trade robot and trade signals.
The StartTrading() function is responsible for executing trades based on the selected trading strategy mode and the trading signals for each currency pair. It checks the validity of the trading strategy mode, deposit load, and maximum number of simultaneous trades before opening positions.
The OnTick() function is the main entry point and is called on every tick of the market. It performs real-time data analysis if enabled and then calls the StartTrading() function to initiate trades.
The OnTradeError() function handles trade errors if error handling is enabled. The Log() function is used for logging trading activity and errors.
The Monarchs Trade Machine MT4 is a reliable forex software developed by the Forex Robot Easy Team. It is designed to execute trades automatically based on predefined trading signals and strategies. This software is suitable for traders who want to automate their trading process and take advantage of market opportunities without constant monitoring.
Key Features:
- Customizable trading strategy mode: Choose from three different trading strategy modes to suit your trading preferences.
- Flexible lot size: Set the maximum lot size for trading to manage your risk effectively.
- Deposit load control: Define the maximum allowed deposit load to ensure optimal risk management.
- Simultaneous trade limit: Set the maximum number of simultaneously traded instruments to avoid overexposure.
- Real-time data analysis: Enable real-time data analysis to make informed trading decisions based on market conditions.
- Error handling: Enable error handling to handle trade errors effectively and minimize potential losses.
- Logging: Log trading activity and errors for future reference and analysis.
For detailed reviews and trading results of this product, please visit forexroboteasy.com. Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that can potentially work as described in this product. To find the official developer of this product, please use MQL5.