Time Trader EA 2.0
Metatrader Expert Advisor (MT4/MT5)
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ℹ 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.
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Input parameters
When loading the expert 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.
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FAQ
- 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.