"The strategy exploits the general idea of British traders as the "stop loss hunters." It means that the initial movement in the beginning of the London session is not always true movement."
So, the setting are the following:
This is interesting tool: Script to open market orders at the appointed/pre-defined time - script for Metatrader 4
The coder told that this script can be used to open the trades for many pairs -just attach the script to the charts. For example, we need to open buy trade with stop loss 50 and take profit 50 (this is the default settings) for EURUSD M15 tomorrow at 3 am so the TimeSet parameter will be the following: D'2016.02.10 03:00'
you will love it
Join the discussion... https://www.mql5.com/en/forum/62728
The other very interesting indicator was found:
PricePercentRange - indicator for MetaTrader 4
Why is it interesting? Just read the following:
This is very easy to understand/estimate the direction of the trend using this indicator (for your manual trading system to open buy or sell trade for example). You can try this indicator to see it by yourself.
This indicator was created for Metatrader 5 now - go here to download.