Piggy Bank Algo is a low-risk Forex trading algorithm developed by the Forex Robot Easy Team. This algorithm aims to generate stable earnings by implementing a simple trading strategy based on market analysis. The code provided here is a sample implementation of the Piggy Bank Algo trading strategy in MQL5 language. Please note that ForexRobotEasy is not the official developer of this product. To find the official developer of this product, please visit the MQL5 platform.
Piggy Bank Algo is a reliable Forex trading software designed to minimize risk and maximize profit potential. It has been thoroughly tested and reviewed, allowing traders to make informed decisions based on its performance.
- Low-risk trading strategy: The Piggy Bank Algo uses a simple yet effective trading strategy that aims to minimize risk while generating stable earnings.
- Easy to use: The algorithm is user-friendly and can be easily implemented by both beginner and experienced traders.
- Customizable parameters: Traders can adjust parameters such as lot size, stop loss, and take profit levels to tailor the strategy to their individual preferences and risk tolerance.
- Magic number: The algorithm uses a magic number to distinguish its trades from other trades, ensuring accurate tracking and management.
- Trade execution: The algorithm uses the Trade.mqh library to execute trades seamlessly and efficiently.
The Piggy Bank Algo trading strategy is based on analyzing the market and making trading decisions accordingly. Here's a breakdown of the code provided:
- Initialization: The OnInit() function initializes the trade object and sets the magic number for trades.
- Deinitialization: The OnDeinit() function cleans up the trade object.
- Tick processing: The OnTick() function performs market analysis by retrieving the current bid and ask prices. It then executes trades based on a simple strategy: if the bid price is higher than the ask price, a buy signal is generated, and if the ask price is higher than the bid price, a sell signal is generated.
- Trade handling: The OnTrade() function checks for completed trades and handles them accordingly. It identifies the type of trade (buy or sell) and retrieves the profit earned.
For detailed reviews and trading results of the Piggy Bank Algo, please visit Forex Robot Easy. 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 use the MQL5 platform.
Please visit the official developer's website for more information and to obtain the full version of the Piggy Bank Algo trading software.