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Identify the potential best TIME To Trade (Improve your Strategy) - MT5 - script for MetaTrader 5

Forex Jarvis

Views:
2525
Rating:
votes: 15
Published:
2020.10.22 01:08
Updated:
2020.10.31 01:45

INTRODUCTION :

Have you notice that the market really moves during a specific time of the day ?  Let's not forget that when the market really moves we can actually make some decent profit. So if you would like to know the best time to trade the market, this is the script that will identify these times for you.

For day traders, this is one of the important thing to consider in order to improve our strategy by calculating on average how much an asset moves, in which it will allow us to identify the best TIME during the day to trade when the market moves the most as well


HOW TO USE IT :

You can check the following video that will explain how to

  • install and run the script,
  • analyze historical data and convert it into a column chart
  • integrate this information into your strategy

PARAMETERS :

This script has 1 input, which is the number of trading days.


OTHER TRADING TOOLS:

1. I've already published a script 2 highly important indicators to turn your strategy into a winning strategy (https://www.mql5.com/en/code/31709).
You can check also the following video on that will explain how to

  • install and run the script,
  • analyze historical data retrieve the gold information about our strategies.

PARAMETERS :

This script has 3 inputs, which are

  • The Starting Date: to set the range of our analysis from a starting date till now.
  • The Win/Loss Ratio: by defaut, it is set to 40% and
  • The Reward/Risk Ratio: by default, it is set to 2.


2. I've already published a script on best day to trade (https://www.mql5.com/en/code/31468).
You can check also the following video on that will explain how to

  • install and run the script,
  • analyze historical data and convert it into a column chart

PARAMETERS :

This script has 1 input, which is the number of trading days.

Iterator - behavioral design pattern Iterator - behavioral design pattern

Provide a way to access the elements of an aggregate object sequentially without exposing its underlying representation

DayPivotPoint MT5 DayPivotPoint MT5

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Mediator - behavioral design pattern Mediator - behavioral design pattern

Define an object that encapsulates how a set of objects interact mediator promotes loose coupling by keeping objects from referring to each other explicitly, and it lets you vary their interaction independently

The best TIMES & DAYS our Strategy Works the best (Improve your Strategy) - MT5 The best TIMES & DAYS our Strategy Works the best (Improve your Strategy) - MT5

For day traders. 2 highly important indicators to turn strategies into extreme winning ones. The Win/Loss ratio and the Reward/Risk ratio will allow us to identify the best times and days our strategy works the best