Simple session open range break Expert Advisor (MT4)

Job finished

Execution time 14 days
Feedback from customer
Real good communication and will help you achieve your desired EA 10/10
Feedback from employee
Fantastic customer, really clear communications and fast to answer any question that could come up. Looking forward for more works together.

Specification

Intro:

M5 bar close above  certain session hour range, then place the limit order on  certain fib level. then wait TP/SL/Time Stop.

that it.

IF SOMETHING IN PARAMETER CANNOT BE DONE LET ME KNOW OR WE CAN NEGOTIATE ON PRICE

job was already done by someone  https://www.mql5.com/en/job/189452

Reference: 

the "TheMas7er" DR/IDR concept explain


3 DR session explain

3 DR session:

ARD: 07:30-14:00 UTC-4

ODR: 15:30-20:30 UTC-4

RDR:  09:30-16:00 UTC-4


MT4 DR/IDR Indicators




M5 bar close above DR level mean confirm trading direction bias



Open Trade:

if bias confirm then place  place limit order on

entry: IDR fib level (75%) or    SD level i.e. IDR fib level(0.1,0.2,-1.1,1,-2.2 see attach pic)

SL: (DR) level+ (5) point

TP: (DR), (standard deviation 0.5, 1)

order expiry date: session finish before (5)min



Close Trade: 

if no TP/SL before DR session finish, then "Time Stop" close the position before session finish (1min 0sec)



Parameters input: 

entry: DR line or IDR fib level (0%-100%)               SD leveli.e. IDR fib level(0.1,0.2,-1.1,1,-2.2 see attach pic)


Entry time: open of specific time candle(0901, 1700) (with cstom SL 5-100 pips that you can just add simple SL)
Entry conf direction: Long confirmation only, Short confirmation only, Confirmation based on DR)
Confirmation type: Wick close/ Body close   ( in indicator dr gets true based on candle close)
Session: ADR , ODR, RDR

Custom SL: 0.5-100 pips


SL: DR or IDR level + certain point                         SD leveli.e. IDR fib level(0.1,0.2,-1.1,1,-2.2 see attach pic)

TP: IDR, DR, IDR standard deviation 0.5, 1, 1.5, 2          SD leveli.e. IDR fib level(0.1,0.2,-1.1,1,-2.2 see attach pic) 

order expiry date: session finish before 0-Xmin or spefic time( 0900 ,1700)

Time Stop:  close the position before session finish Xmin X sec  or spefic time( 0900 ,1700) 

Risk: X% Per Trade balance/equity or fixed lot

Time filter: Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday ( with specific time filter range 0500-11:00, 1500-2200)
Take spreads into account: Yes / No

other criteria:


1 session 1 trade for each symbol

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Project information

Budget
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Deadline
to 10 day(s)