Trade‑Stops Manager EA: Watch It Turbo‑Boost Your Open Trades – 100% Free!

TRADE-STOPS MANAGER EA

https://www.mql5.com/en/market/product/91553?

The Problem: Weekend Gaps

In the Forex market, trading pauses on Friday night and resumes on Sunday night (or Monday morning, depending on your timezone). During this break:

• Fundamental Shifts: Major news events, geopolitical shifts, or economic announcements can occur while the market is "dark."

• Order Imbalance: When the market reopens, the buy and sell orders may be so far apart that the price "jumps" or "gaps" over certain price levels.

• Stop Loss Failure: If you have a Stop Loss set at 1.1000, but the market gaps from 1.1010 down to 1.0950 over the weekend, your trade will likely be closed at 1.0950. This means you lose significantly more than you planned.

Why Traders Use TradeStops Manager EA for Fridays

According to the text, the TradeStops Manager EA serves as an automated safety net to prevent "emotional" trading and technical slippage caused by weekend volatility. Here is how it helps:

1. Automated Exit Strategy Instead of staying up until 23:59 (market close) to manually close positions, the EA allows you to set a specific hour and minute to shut down all active trades. This is vital because many brokers reduce liquidity or widen spreads in the final minutes of Friday trading.

2. Broker Syncing Since different brokers close at slightly different times (some a few minutes before the official clock hits 00:00), you can program the EA to close trades early enough to ensure you get filled at a fair price before liquidity disappears.

3. Elimination of "Gap Fear" By automatically flattening your portfolio (closing all positions) before the weekend, the EA ensures that you start Monday with a clean slate, entirely unaffected by any black swan events that might happen over the Saturday-Sunday break.

Summary: Should you leave trades open?

The decision depends on your trading style:

• Swing/Position Traders: Often leave trades open if they have wide stops and a long-term outlook.

• Day Traders/Scalpers: Usually use tools like TradeStops Manager to close everything on Friday to avoid the "unnecessary losses" and "imbalances" mentioned in your text.