This ReadMe file provides an overview of the Sakura EA MT5 code and describes how it works. 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 MQL5.
For detailed reviews and trading results of this product, please visit Forex Robot Easy - Review Sakura EA MT5.
The Sakura EA MT5 is an expert advisor (EA) designed for automated trading on the MT5 platform. It incorporates various strategies and risk management techniques to generate profitable trades while minimizing potential risks. Here is a brief overview of the code structure:
The OnInit function is called during the initialization phase of the expert advisor. Any code for initialization should be added here.
The OnDeinit function is called when the expert advisor is being removed from the chart or the platform is closed. Any code for deinitialization should be added here.
The OnTick function is called for each tick received by the expert advisor. Any code for tick handling should be added here.
The OnStart function is the main function where the actual trading logic is implemented. The following features are incorporated in the code:
- Classic trade strategy based on intraday trend levels: The code implements a classic trade strategy based on intraday trend levels to identify potential trading opportunities.
- Breakout strategy: The code utilizes a breakout strategy to generate profitable trades.
- Risk management: Risky strategies like martingale or grid systems are not used to ensure the safety of trades.
- Stop Loss (SL) and Take Profit (TP): Separate Stop Loss (SL) and Take Profit (TP) levels are provided for each order to manage risk and maximize profits.
- News Filter: The code incorporates a built-in News Filter function to prevent opening new orders during important news releases. This helps to avoid potential market volatility.
- Lot size options: Traders have the option to choose between fixed lot sizes or lot sizes proportional to their account balance.
- Risk and capital management: A risk and capital management regime is implemented to protect the trader's capital and manage risk effectively.
Please note that ForexRobotEasy is not the official developer of the Sakura EA MT5. We only provide a sample code that can work as described in this product. To find the official developer of this product, please use MQL5.