Trade Position and Back Testing Tool MT5

This code is a sample implementation of a trade position and backtesting tool for MetaTrader 5 (MT5) platform. It is developed by the Forex Robot Easy Team and can be used for effective forex risk management. Please note that ForexRobotEasy is not the official developer of this product, but we are providing a sample code that can work as described in this product.

Description

The Trade Position and Back Testing Tool is designed to assist traders in managing their forex trades and performing backtesting analysis. It provides functionalities to set trade parameters, calculate risk-reward ratio, calculate risk per trade, and display trade position and levels.

Installation

To use this tool, you need to include the necessary libraries, specifically the 'Trade' library. Once the libraries are included, you can proceed with the installation process.

Usage

To use this tool, follow the steps below:

1. Create an instance of the TradePositionAndBackTestingTool class, specifying the risk percentage as a parameter.
2. Set the trade parameters, including the entry price, stop-loss level, and take-profit level using the SetTradeParameters function.
3. Calculate the risk-reward ratio using the CalculateRiskRewardRatio function.
4. Calculate the risk per trade using the CalculateRiskPerTrade function.
5. Display the trade position and levels using the DisplayTradePosition function.

Example

// Create an instance of the trade position and backtesting tool
TradePositionAndBackTestingTool tool(2); // Assuming risk percentage as 2%

// Set trade parameters
tool.SetTradeParameters(1.2345, 1.2300, 1.2400);

// Calculate risk-reward ratio
tool.CalculateRiskRewardRatio();

// Display trade position and levels
tool.DisplayTradePosition();

Developer's Site

For detailed reviews and trading results of this product, please visit the developer's site at Forex Robot Easy. Please note that ForexRobotEasy is not the official developer of this product. To find the official developer of this product, please use MQL5.

Disclaimer

Please note that this code is a sample implementation and may require modifications or additional development to work in specific trading environments. ForexRobotEasy is not liable for any losses or damages incurred from the use of this code. It is recommended to thoroughly test and validate the code before using it in live trading.