OpenTime – expert for MetaTrader 5

  • A+

Author of the idea: Iurii Tokman, mq5 code author: barabashkakvn.

The Expert Advisor opens positions at the specified time. You can set separate permissions for opening Buy and Sell positions. You can also configure the EA to close positions at a certain time. Also, it is possible to set stop loss, take profit, and trailing stop.

Input Parameters

  • Position closing options

    • Use position closing time - the flag sets whether to use or not time-based position closing.
    • Closing hour - target hour for closing.
    • Minutes of position closing - minutes for closing.
    • Trailing - the use of the trailing stop function.
    • Trailing stop (in pips) - trailing stop value.
    • Trailing step (in pips) - trailing step value.

  • Position opening settings

    • Opening hour - position opening hour.
    • Minutes of position opening - position opening minutes.
    • Duration in seconds - the duration of period for position opening.
    • Use Sell - allowing the EA to open Sell positions.
    • Use Buy - allowing the EA to open Buy positions.
    • Volume transaction - the volume of positions.
    • StopLoss (in pips) - Stop Loss value.
    • TakeProfit (in pips) - Take Profit value.

  • Advisor Options

    • MagicNumber - magic.

It is recommended to optimize the EA in two steps. AT the first step, optimize only important parameters:

OpenTime - expert for MetaTrader 5

Then select the best variant, disable settings form the first step and enable the rest of parameters.

One of the results on EURUSD,H1:

OpenTime - expert for MetaTrader 5

Comment

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