Wolf MT4 EA

Developer: Forex Robot Easy Team

Website: forexroboteasy.com

Note: ForexRobotEasy is not the official developer of this product. We only show sample code that can work as described in this product. To find the official developer of this product use MQL5.

Product Description

Wolf MT4 EA is an expert advisor (EA) designed for grid trading in the Forex market. It uses a grid trading strategy to open multiple positions based on specific settings. This EA is intended for use on the EURUSD currency pair.

Note: This description is based on the sample code provided and may not reflect the actual functionality of the official product. Please refer to the official developer for accurate information.

For detailed reviews and trading results of this product, visit forexroboteasy.com.

Code Explanation

The provided code is an example of how the Wolf MT4 EA can be implemented in MetaTrader 4 (MT4). Here is a breakdown of the code:

Global Variables

• MaxOrders: Sets the maximum number of orders that can be opened.
• MinimumDeposit: Defines the minimum deposit required to start trading.
• magicNumber: Unique identifier for trades.

OnTick()

• Checks if the account balance is above the minimum deposit. If not, it prints an error message and exits the function.
• Checks if the maximum number of orders has been reached. If so, it prints an error message and exits the function.
• Checks if the current symbol is EURUSD. If so, it calls the ApplyDefaultSettings() function.
• Implements the grid trading strategy and places orders.

ApplyDefaultSettings()

• Sets specific settings for the EURUSD symbol.

PlaceOrders()

• Places orders based on the grid trading strategy.

Note: The code provided is a simplified version for demonstration purposes. The actual implementation may be more complex and include additional features.

Please refer to the official developer or the product documentation for a detailed explanation of how the Wolf MT4 EA works and its specific features.