TimeBasedLong EA

Overview

TimeBasedLong is a straightforward session-based Expert Advisor for MetaTrader 5. It opens a single long position at a defined time each day and closes it at a defined time — no complex signals, no indicators, no noise. Designed for traders who want to automate a fixed daily long bias on any instrument.

How it works

The EA opens a buy position at your specified start time and closes it at your specified close time. Everything in between — risk, protection, breakeven — is handled automatically according to your settings.

Key Features

Flexible risk sizing Choose between percentage of account balance or a fixed reference balance (Base Money mode), useful for trading multiple instances with consistent sizing across accounts.

Stop Loss & Take Profit Optional percentage-based SL and TP calculated from entry price. The EA automatically enforces broker minimum stop distances.

Breakeven management Automatically moves the stop loss to breakeven once price reaches a configurable profit threshold, with an optional buffer above entry.

Drawdown circuit breaker Set a maximum daily loss and/or total loss limit. When breached, the EA stops trading for the day and optionally closes the open position immediately.

On-chart HUD A clean, minimal information panel displays balance, equity, day and total P&L, win rate, current position details, estimated SL hit value, and session status — all in real time.

Chart theme Optional one-click dark color theme applied directly to the chart on startup.

Settings at a glance

• Session open and close time (hour + minute)
• Risk type: % of balance or % of base money
• SL and TP: percentage from entry (or disabled)
• Breakeven trigger and buffer in points
• Daily and total drawdown limits
• Magic number for multi-EA setups
• HUD on/off, position, font size

Works on any instrument — forex pairs, indices, commodities, metals.