FreelanceSections

Expert Advisor based on time sessions

MQL5 Experts Forex Trading robot/indicator debugging Strategy optimization C++ C#

Job finished

Execution time 11 days
Feedback from customer
This developer is really great. He makes everything the way you want it, immediately understands which functions you want to build and is lightning fast. I highly recommend him.
Feedback from employee
Thanks for the opportunity and the patience. I look forward to working with you again.

Specification

Time session strategy 

 

With this strategy we open a trade when the market continues in the same direction as the Asian session. 
The 5 minute chart is used for this, or the chart on which the expert advisor is performed. All times are in GMT+1 
 
We open trades until 1:00 PM, no more trades after 1.00 PM. Wait for the next day. 
 
  
 
Before a trade can be opened: 
 
We need to determine the highest point (price) reached at 7:55 am and the lowest point (price) reached where the price has been between 10.00 pm the previous evening and 7:55 am. 
 
It can be clearly seen in the screenshot below. We determine the highest and lowest price between the 5-minute candle from 10:00 PM and 7:55 AM. 



Entry 

As soon as the 8:00 am candle opens we look for the entry. We wait for a candle to move outside the line/price of the lowest point or highest point and close outside it. (a screenshot follows below to make it clear) So the entry is only valid if the candle goes outside the green lines and remains outside the green lines and is closed.  

 

 

Stoploss 

The stop loss is placed 12 pips below the previous low or 12 pips above the previous high. 

 

Take Profit 

The Take Profit is set to 1.5 RR 

 

If the expert advisor is working correctly, I can pay a extra amount of money.


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Project information

Budget
40+ USD
Deadline
to 10 day(s)