Market / MetaTrader 5 / Experts /

Golden Tea Time MT5

298 USD

Demo downloaded: 32

Published: 25 February 2024

Current version: 1.12

Golden Tea Time MT5

Experts
Edgar Elsner
Version: 1.12
Updated: 5 March 2024
Activations: 10

Golden Tea Time MT5

is based on a classic, popular breakout strategy and does not use martingale or grid mechanisms.

Golden Tea Time MT5 only opens a pair of stop orders every day at leisurely English tea time, after possible market-moving news has already faded away. Once an order becomes a market order, the remaining stop order is deleted.

However, the risk of a losing trade cannot be ruled out and is then limited to just $5/0.01 lot. In this case, the following day's trading can be assigned a recovery factor so that the loss can be quickly offset.

Since only one trade takes place per day, the probability of continued loss-making trading in the following days is negligible, especially since the expert is already profitable even without using the recovery factor.

If the risk parameter is given a value above zero, then the risk of loss per trade is limited to this value, regardless of the size of the recovery factor. If the account balance is too low for this value, no trading will take place and will be signaled via the onscreen panel.

The default Takeprofit parameter does not represent the actual starting value, but only the minimum value. Depending on market volatility, an algorithm behind the preset value determines the cheapest starting value, which can be significantly higher.

Installation is easy on an XAUUSD (2-Digits) chart of any time frame. The onscreen panel provides information about some important parameters and provides status information.

The broker you should choose is one with a good reputation that offers low spreads for XAUUSD. It is essential that you choose an account that calculates commission (ECN, raw spread, etc.), as only such accounts offer low spreads.

Before starting live trading, it is essential to carry out a Backtest with real odds of at least 90% quality. Many good brokers offer these for a period of at least a year. It is also recommended that you first start with a demo account to familiarize yourself with the features of Golden Tea Time MT5.

The minimum capital per 0.01 lot should be over $50 and with a preset recovery factor of 5, at least (5 x $50) $250. This refers to the setting of Risk (%) = 0.

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TRADECOPY MASTER MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...). Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can b

FREE

Gain Guard MT4 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

Gain Guard MT5 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT4 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func

30 USD

Easy Open and manage your orders and positions – Calculate risk and lot size – Build your expert adviser from the integrated indicators – Trail your profits in various ways Key Features: Virtual Trading Lines: free changeable in any direction to build resistance, support, channels, triangles,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Order Virtual Profit Trailing Strategies: Static, Percent, Exponential, Scaling up, Scaling down, Fifo, Bulk, Bollinger Ch

49 USD

TRADECOPY CLIENT MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT

49 USD

Symmetric Triangle Dashboard MT4 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

This indicator was developed by me, based on my experiences during my long term daily trading. It allows to get an excellent and compact overview about the current market situation without to have to monitor multiple charts. The default settings are widely used by traders. For example on sites like forexlive.com: https://www.forexlive.com/technical-analysis Features: The Moving Average Swiss Knife-like indicator for Daytraders Allows to setup of up to seven different MAs (MA and DEMA) to use on

30 USD

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT5 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func

30 USD

Symmetric Triangle Dashboard MT5 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

Traders Swiss Knife MT5 operates and manages your trades at your fingertips – auto calculates risk and lot size – builds expert advisers from integrated indicators – trails your profits in various modes. Key Features: Virtual Trading Lines: free changeable in any direction or auto-placed by ZigZag indicator to build resistance, support, channels, triangles, wedges,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Orders Virtual Profit Trailing Strategies: Stat

49 USD

TRADECOPY CLIENT MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT5 was

49 USD

Rescue Trader MT5 Rescue Trader isn't a Grid or Martingale Expert as each single trade is protected by fixed stoploss. Adding of new trades to existing trades are always entered on indicator pattern entry and not simple on fixed distances like Grid-/Matingale-Systems usually work. For additional protection, its drawdown recovery algorithmus closes particular trades that are profitable while at the same time closes older loosing trades in the way that in total that bulk closes in profit. Howev

69 USD

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Version 1.12 2024.03.05

Added Feature Breakeven Recurring Breakeven Touch Protection
Increased performance
Minor bug fixes

Version 1.11 2024.02.28

Corrected an issue where in mode "Risk (%) = 0" the Recovery Factor was not applied. Didn't affect mode "Risk (%) > 0".

Version 1.10 2024.02.28

Improved performance
Enabled manual settings for Takeprofit start
Enabled manual settings for percentage of saved profit at Takeprofit trailing start
Fixed an issue where Risk% value greater zero was not calculated correctly
Modified settings (After download of the update, please remove the expert from the chart and attach the updated expert)