Monk Expert Advisor

Monk Expert Advisor is a forex trading tool developed by the Forex Robot Easy Team. It is designed to implement various trading strategies, analyze market trends, and make informed trading decisions based on real-time data. This code serves as a sample implementation of the Monk Expert Advisor.

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

Note: 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 MQL5.

Expert Initialization Function

The OnInit function is responsible for initializing necessary variables and settings required for the expert advisor. This function is called once during the initialization process.

Expert Deinitialization Function

The OnDeinit function is called when the expert advisor is stopped or removed from the chart. It is responsible for cleaning up any resources and performing necessary actions upon termination.

Expert Start Function

The OnTick function is the main entry point for the expert advisor. It is called on every tick of the market. In this function, the trading logic and strategies are implemented. It includes the following steps:

1. Check for entry patterns and execute trades.
2. Monitor market trends and patterns.
3. Analyze real-time data and make trading decisions.
4. Implement risk management and position sizing.
5. Track and manage trades with stop-loss and take-profit orders.
6. Update traders with up-to-date information and ensure informed decision-making.
7. Implement automated trading functions based on pre-defined rules.
8. Recover from potential losses using a long-term recovery grid.
9. Provide options for low risk, medium risk, high risk, and dynamic strategies.
10. Configure adaptive AI configuration with just one click.
11. Ensure compatibility with popular trading platforms and technologies.
12. Implement necessary trading functions to execute chosen strategies.

Expert Stop Function

The OnStop function is called when the expert advisor is stopped manually or due to an external event. It is responsible for performing necessary actions upon stopping the expert advisor.

Expert Error Function

The OnError function is called when an error occurs during the execution of the expert advisor. It is responsible for handling any errors that occur and implementing appropriate error handling mechanisms.

For more information and details about the Monk Expert Advisor, please refer to the official developer's site: forexroboteasy.com