This code is a sample implementation of the Trade Master MT4 trading robot developed by the Forex Robot Easy Team. It is designed to be used with the MetaTrader 4 platform for automated trading in the forex market.
Trade Master MT4 is an advanced trading robot that utilizes automated trading strategies to execute trades in the forex market. It is designed to provide users with a reliable and efficient solution for automated trading, allowing them to take advantage of market opportunities without the need for manual intervention.
Key Features:
- Fully automated trading: The Trade Master MT4 robot executes trades automatically based on predefined trading strategies.
- Multiple order types: The robot can place both buy limit and sell limit orders, allowing users to take advantage of both bullish and bearish market conditions.
- Risk management: The robot has built-in risk management features to help users manage their trading positions effectively.
- Scalability: The robot can handle a large number of open orders simultaneously, thanks to its ability to manage up to 100 orders at a time.
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 only provide sample code that can work as described in this product. To find the official developer of this product, please use MQL5.
The code is written in MQL4, the programming language used in MetaTrader 4. It consists of several functions that are executed at different stages of the expert advisor's lifecycle.
The code starts by importing the necessary library, 'Trade.mqh', which provides the functionality for executing trades.
Next, the code defines a constant MAX_ORDERS with a value of 100, which represents the maximum number of orders that can be placed by the robot.
The code defines a global variable Trade of type CTrade, which is an instance of the Trade class from the imported library. This object is used to interact with the trading functionality provided by the platform. Another global variable TotalOrders is defined to store the total number of open orders.
The OnInit function is executed when the expert advisor is initialized. In this function, the Trade object is initialized by calling the Init method. The PositionsTotal method is then called to get the total number of open orders, which is stored in the TotalOrders variable. The function returns INIT_SUCCEEDED to indicate that initialization was successful.
The OnTick function is executed on each tick of the market. It first checks if there are any open orders by comparing the TotalOrders variable with 0. If there are open orders, it loops through each order and closes it by calling the PositionClose method of the Trade object.
If there are no open orders, the function enters an else block and places new pending orders. It uses a loop to place MAX_ORDERS number of orders. For each order, it calls the PositionAdd method of the Trade object to place a buy limit order and a sell limit order.
The OnDeinit function is executed when the expert advisor is deinitialized. In this function, any remaining open orders are cleaned up by looping through each order and calling the PositionDelete method of the Trade object. Finally, the Deinit method is called on the Trade object to deinitialize it.
Please note that this is a simplified version of the trading logic and may not represent the complete functionality of the Trade Master MT4 robot.