NetZ Forex Software ReadMe

This is the ReadMe file for the NetZ Forex Software code. This code is developed by the Forex Robot Easy Team and is available for use on the MQL5 platform. Please note that ForexRobotEasy is not the official developer of this product, we are only providing a sample code that can work as described in this product.

Global Variables

The code uses the following global variables:

• Lots: Initial lot size for trading.
• Step: Grid step size for placing pending orders.
• MaxLoss: Maximum allowed loss before closing positions.
• TakeProfit: Take profit level for closing positions.
• StopLoss: Stop loss level for closing positions.

Expert Advisor Functions

The code includes the following expert advisor functions:

OnInit()

This function is called during initialization and is used to initialize necessary settings and resources. It returns INIT_SUCCEEDED if initialization is successful.

OnTick()

This function is called on every tick and is used to check for trend reversal, calculate position size, open pending orders at optimal entry positions, and track and manage open positions.

IsTrendReversal()

This function is used to check for trend reversal. It implements a trend reversal technique with modifications to accurately identify trend reversals. It returns true if trend reversal is identified, false otherwise.

CalculatePositionSize()

This function is used to calculate the position size based on risk management parameters. It calculates the position size as a percentage of the account balance and returns the normalized position size.

OpenPendingOrders(double positionSize)

This function is used to open pending orders at optimal entry positions. It implements virtual pending orders and uses a careful timing strategy to maximize profits. The position size parameter is used to determine the lot size of the pending orders.

TrackOpenPositions()

This function is used to track and manage open positions. It implements stop loss and take profit features to manage risk effectively. It also adjusts the grid step size and closes partial losses when false reversals occur.

OnDeinit(const int reason)

This function is called during deinitialization and is used to release any allocated resources.

Product Description

NetZ Forex Software is an expert advisor designed to maximize profits by identifying trend reversals and trading based on them. It uses a careful timing strategy and risk management parameters to ensure optimal trading conditions.

Key Features:

• Accurate trend reversal identification
• Risk management based position sizing
• Virtual pending orders for optimal entry positions
• Stop loss and take profit management
• Adjustments for false reversals

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