Royal Wave Pro M4 is a professional forex trading expert advisor developed by the Forex Robot Easy Team. This expert advisor analyzes the market statistically to determine the trend strength and direction. Based on the trend analysis, it identifies entry and exit zones and provides predictions for overbought and oversold areas. Traders are alerted about important events such as strong trend detection, price within entry/exit zone, market overbought, and market oversold.
Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that demonstrates how this product can work. To find the official developer of this product, please refer to the MQL5 website.
For detailed reviews and trading results of this product, please visit Forex Robot Easy - Review: Royal Wave Pro M4.
To use Royal Wave Pro M4, follow these steps:
- Install the expert advisor on your MetaTrader platform.
- Set the necessary parameters for the expert advisor.
- Enable automated trading.
- Monitor the alerts and make trading decisions based on the provided information.
The OnInit function is called during the expert advisor initialization. It performs any necessary initialization tasks and should return INIT_SUCCEEDED if initialization is successful.
The OnTick function is called on each tick of the market. It analyzes the market statistically to determine the trend strength and direction. It then calculates entry and exit zones based on the trend analysis and provides predictions for overbought and oversold areas. Traders are alerted about important events such as strong trend detection, price within entry/exit zone, market overbought, and market oversold.
The OnDeinit function is called when the expert advisor is being deinitialized. It performs any necessary cleanup tasks.
The calculateTrendStrength function performs statistical analysis to determine the trend strength. It should return a value between 0 and 1, where 0 indicates no trend and 1 indicates a strong trend.
The determineTrendDirection function determines the trend direction based on statistical analysis. It should return 1 for an uptrend, -1 for a downtrend, and 0 for no trend.
The calculateEntryZone function calculates the entry zone based on the trend strength and direction. It should return a value indicating the entry zone.
The calculateExitZone function calculates the exit zone based on the trend strength and direction. It should return a value indicating the exit zone.
The predictOverbought function performs prediction for overbought areas. It should return a value indicating the overbought prediction.
The predictOversold function performs prediction for oversold areas. It should return a value indicating the oversold prediction.
The sendAlert function sends alerts via sound, push notifications, and zone flasher. In the provided code, it prints the alert message to the console. Replace this placeholder implementation with the actual alert mechanism.
Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that demonstrates how this product can work. To find the official developer of this product, please refer to the MQL5 website. For detailed reviews and trading results of this product, please visit Forex Robot Easy - Review: Royal Wave Pro M4.