Silent Trader

Silent Trader 

This is an automated trading robot for trading the GBP/JPY currency pair on the M15 time frame  GBPJPY M15

Trading parameters:

Entry Amount: 0.50 lots.

Stop Loss: 146 pips, which is the maximum loss allowed per trade.

Take Profit: 171 pips, which is the level at which the trade is closed to mark the profit.

Technical indicators used:

Money Flow Index (MFI):

Period: 13.

Level: 48.

Force Index:

Period: 29.

Alligator Indicator:

Jaws period: 34, shift: 14.

Teeth period: 9, shift: 16.

Missing period: 15, shift: 2.

These indicators are essential for evaluating volume and market movements, as well as making automated trading decisions.

Types of transactions and trading sessions:

Definitions for order types:

OP_BUY: Purchase order (buy).

OP_SELL: Sell order.

OP_FLAT: Absence of any open position (no transaction).

Trading sessions are configured to be active between 00:00 and 24:00 every day of the week, including Friday. An optional control is specified to ignore Sunday trading.

Magic Number:

A unique identifier (Magic_Number = 68612261) that allows this trading robot to distinguish its own trades from other open orders on the same account.

Control of order execution parameters:

A maximum number of attempts to execute trades if the order fails (TRADE_RETRY_COUNT = 4) and a waiting time between attempts (TRADE_RETRY_WAIT = 100 milliseconds) are set.

Variable values ​​and initializations:

PosType: Current position type (buy/sell/flat).

PosTicket: ID of the open position.

PosLots: Open position volume.

StopLoss and TakeProfit: Values ​​for Stop Loss and Take Profit.

Trailing Stop:

The isTrailingStop indicator is activated if there is a Stop Loss configured, which suggests that the strategy can use a trailing stop to adjust the stop loss level as the price moves favorably.

Initialization of technical indicators:

Different indicators are used, such as:

iMFI: Money Flow Index to evaluate the flow of money (parameter Ind0Param0).

iForce: Force Index to assess the strength of price movements (parameter Ind1Param0).

iAlligator: Alligator indicator to track market direction and trends.

In conclusion, the trading robot implements a strategy based on several technical indicators (Money Flow Index, Force Index, and Alligator), using buy/sell orders and managing risk through clear Stop Loss and Take Profit settings, along with the functionality of trailing stop.