Okay, here's a breakdown of what the script does in plain terms, avoiding technical jargon.
Overall Purpose
This script seems to be designed to add some extra features and visual elements to the MetaTrader platform. It appears to be a flexible system where different actions can be combined and controlled.
Key Components and How They Work
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Copyright and Script Setup: This section contains information about the script's author and licensing. It also sets up basic configuration options for the script.
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Customizable Visual Rules: A section to establish custom rules for visual display elements on the charts, such as how points or levels should be formatted and shown.
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On/Off Switches: Basic switches, events enabled, timers active, etc.
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Virtual Stops and Emergency Stops: The script handles stop-loss orders in a special way. It can simulate stop-loss levels ("virtual stops") without actually placing them with the broker. If things go wrong, it can use real stop-loss orders as a backup ("emergency stops").
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Events: It looks for key market happenings, namely price changes ("Tick"), trading operations ("Trade"), and time intervals ("Timer"). These events act as triggers for the script to do something.
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Blocks: These are the core functional units of the script. They represent individual actions or calculations that can be combined. It uses a "lookup table" to quickly find the correct block of code to execute. These blocks run according to the configuration established early in the script. They have inputs like: object per bar, updating object type, identifying an object type, levels of color, style of lines, etc
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Looping and Callbacks The script often has to deal with repeating some operations, such as checking conditions across a list of items, and has special callback functions to ensure that related processes are completed and tasks are performed sequentially.
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Chart Drawing Tools: This part is responsible for drawing things on the chart, like text labels and Fibonacci retracements.
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Data Extraction: This segment focuses on extracting and interpreting key data points from candle charts, whether using timestamps or other types of data to work more efficiently and effectively.
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Classes and Models: Core structures defined in this script that set the parameters for time, candle charts, models and visual aspects of the program.
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Event Detection: A tool to listen for specific events such as: trading, listing new or old trades.
How it Works Together
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Initialization (OnStart): When the script is started, it initializes all the blocks. It also draws indicators and initializes lookups that allow the program to quickly find actions.
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Event Triggering: The script listens for specific market events ("Tick," "Trade," "Timer").
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Block Execution: When an event occurs, the script determines which "blocks" of code need to be run. It executes them one by one. The blocks can also announce to others what is happening, which updates internal connections.
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Visual Display: The script uses the drawing tools to update labels and graphical objects on the chart based on the calculations performed in the blocks.
In Summary
The script aims to provide a flexible way to automate tasks, add visual aids, and manage trading orders on the MetaTrader platform. Its behavior is heavily influenced by configuration settings and the specific "blocks" of code that are enabled.
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