Time Trader EA 2.0

Metatrader Expert Advisor (MT4/MT5)

  • Overview

    This expert advisor can enter and exit trades at specific times and on specific weekdays, expressed in GMT Time. It offers weekday selection, trade management settings, a martingale function and money management features.

    • Easy to use and supervise
    • Fully configurable entry and exit times (up to 5 trades)
    • Enable or disable trading weekdays in inputs
    • Customizable break-even, stop-loss, take-profit and trailing-stop settings
    • Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
    • Implements a martingale feature

    Kindly note that the EA is not able to open two trades at exactly the same time, just one trade for each hh:mm entry.

  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Trade #1
    Enter time and order type (buy or sell)
    Trade #2/dt>
    Enter time and order type (buy or sell)
    Trade #3/dt>
    Enter time and order type (buy or sell)
    Trade #4
    Enter time and order type (buy or sell)
    Trade #5
    Enter time and order type (buy or sell)
    Trade on Monday
    Enable or disable trading activity on this day
    Trade on Tuesday
    Enable or disable trading activity on this day
    Trade on Wednesday
    Enable or disable trading activity on this day
    Trade on Thursday
    Enable or disable trading activity on this day
    Trade on Friday
    Enable or disable trading activity on this day
    Trade on Sunday
    Enable or disable trading activity on this day
    Time to Close All Trades
    Enable or disable the close all trades function and edit the time.
    Break-even
    Profit in pips at which the EA moves the stop-loss above/below the open price for the first trade.
    Break-even Behavior
    Upon breakeven, the SL can be moved to the open price, or secure part of the profits.
    Trailing Stop
    Trailing stop expressed as % of current trade profit.
    Trailing Step
    Minimum increase in pips for the trailing stop.
    Take Profit
    Stealth take profit for the first trade.
    Money Management
    In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior that will double the lotsize with each additional lost trade. Entering a manual lot size is recommended.
    EA Settings
    You can select the magic number and custom comment for trades.
  • ? FAQ
    Can I disable the stop-loss and take-profit features?
    Yes, you can. Set both to zero.
    How many trading times can I configure?
    You can configure up to 5 trades, at different times.
    What is the multiplier for the martingale function?
    The multiplier is always a factor of 2.
  • Comments

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Screenshots

Time Trader EA EA for Metatrader