IXO 500 Hole
- Experts
- Version: 1.3
- Activations: 5
iXO USA500 Hole is an automated Expert Advisor for MetaTrader 5 designed around an overnight LONG strategy for the USA500 index.
The strategy uses fixed internal trading rules combined with New York time management. The user does not need to configure indicators or complex filters. The main parameters available are focused on position sizing, risk, execution and trading hours.
Main features
- Automated LONG entries and exits.
- Strategy designed primarily for USA500.
- Entry and exit times based on New York time.
- Automatic handling of New York daylight saving time.
- Manual time correction available if required.
- Fixed strategic filters to keep the original trading logic unchanged.
- Fixed lot or percentage-based position sizing.
- Maximum lot protection.
- Spread and tick-age controls.
- Daily loss protection.
- Equity protection.
- Time-based exit.
- No trade-level Stop Loss or Take Profit.
- Compatible with backtesting and optimization in MetaTrader 5.
Other index CFDs
Although the default strategy and settings were developed for USA500, the Entry and Exit hours can be optimized in the MetaTrader 5 Strategy Tester.
This allows users to research the same trading structure on other index CFDs using their own broker data.
Results can vary between brokers because of differences in prices, spreads, swaps, contract specifications and historical data.
Default USA500 concept
The default setup is based on an overnight LONG position:
Entry: 16:00 New York time
Exit: 09:30 New York time
The EA automatically converts New York time to the broker server time.
Important
This Expert Advisor does not guarantee profits. Historical and backtest results do not guarantee future performance.
Always test the EA with your broker and preferred risk settings before using it on a live account.
