There are several theories out there about market movements at certain times e.g. during opening of trading for different currencies etc. This trading robot is designed to do just that and can be used for unlimited time related strategies that involve scalping, hedging or long term trades. The EA can also be used to discover time based market behaviour that is not readily detectable using meta trader 4 strategy tester in your mt4 terminal making it a crucial add on to your terminal.
Note: The time setting on the expert advisor should be based on the time on your meta trader terminal and not the time on your computer. Take for instance where you are located in country x and your broker's MT4 terminal is showing GMT time then set the trading time based on GMT not your country's. Alternatively just use strategy tester to find the best settings that will hold as long as you use it on the same broker you used to strategy test.
Based on MACD.Figurelli RSI
In my opinion, Welles Wilder RSI (Relative Strength Index) is a great momentum oscillator that works fine for small periods values (from 2 to 20). So I did some changes to it performe as good for greater periods, like 120, introducing a gain variable.
The indicator is similar to Bollinger Bands (this same idea), but it uses GruchaAvarage instead of MA for counting.Renko Scalper
EA achieved best results on Renko Chart. Renko Chart is not mine but I used it to write EA on it. EA can trade every pair but I got best results on GBP/USD and EUR/JPY. I'll appreciate any comments.