Reversal Point MT4 ReadMe File

This ReadMe file provides a detailed description of the Reversal Point MT4 code. 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. To find the official developer of this product, please use MQL5.

Product Description

Reversal Point MT4 is a Forex trading software developed by the Forex Robot Easy Team. It is designed to analyze market trends, predict reversal points, and execute trades based on these identified points. The software aims to provide traders with potential trade entry or exit opportunities, increasing their chances of making profitable trades.

For detailed reviews and trading results of this product, please visit ForexRobotEasy's Reversal Point MT4 Software In-Depth Review Results.

Code Overview

The code is structured in the following manner:

1. Necessary libraries are included at the beginning of the code.
2. Global variables are declared, including a trade object, magic number for trade identification, and stop loss value in pips.
3. Custom functions are defined for historical data analysis, real-time analysis, creating a user-friendly interface, and customizing parameters.
4. The OnInit() function serves as the entry point of the program and initializes the trade object, performs historical data analysis, real-time analysis, creates the user-friendly interface, and customizes parameters.
5. The OnTick() function is the main program loop and is executed on each tick. Necessary actions are performed in this function.
6. The OnDeinit() function is executed before program termination and performs clean-up actions.

Please note that certain parts of the code have been omitted and marked with comments (// ...). These sections should be filled with the appropriate code for retrieving historical data, applying the proprietary algorithm for reversal point prediction, identifying turning points in the price action, notifying traders about potential trade opportunities, and placing trades based on identified reversal points.

How it Works

The Reversal Point MT4 software works by analyzing historical and real-time market data to identify potential reversal points in the price action. It applies a proprietary algorithm to predict these reversal points and then notifies traders about potential trade entry or exit opportunities. The software also allows traders to customize certain parameters to suit their trading preferences.

To use the software, traders need to follow these steps:

1. Set the magic number for trade identification and the stop loss value in pips.
2. Initialize the trade object and set the expert magic number.
3. Analyze historical data by retrieving it from the Forex market and applying the proprietary algorithm for reversal point prediction.
4. Perform real-time analysis by continuously retrieving real-time market data, applying the unique algorithm, identifying turning points, and notifying traders about potential trade opportunities.
5. Create a user-friendly interface for traders to interact with the software.
6. Customize parameters based on traders' preferences.
7. On each tick, perform necessary actions such as placing trades based on the identified reversal points.
8. Before termination, clean up and perform necessary actions.

Please note that the specific implementation of retrieving historical and real-time market data, applying the proprietary algorithm, identifying turning points, notifying traders, and placing trades is not provided in the code. Traders need to fill in these sections with their own code or consult the official developer of the product for more information.

For more detailed reviews, trading results, and information about the Reversal Point MT4 software, please visit ForexRobotEasy's Reversal Point MT4 Software In-Depth Review Results.

Backlink

For detailed reviews and trading results of this product, please visit ForexRobotEasy's Reversal Point MT4 Software In-Depth Review Results.