AI Weekly Open Bias Trader
- Experts
- Version: 1.0
Uses the weekly opening price as the bias line and trades rejections of that line in the direction of the weekly bias.
How it works
The EA evaluates its rules once per closed bar of the signal timeframe (H1 by default), so signals do not repaint and the logic is the same in the tester and on a live chart. When the setup appears and no position of this EA is open on the symbol, it opens one market order with a stop loss and a target.
Key features
- Risk based lot size from a percent of balance, with a maximum lot cap and free margin check
- ATR based stop loss with a maximum distance, target as a multiple of the stop
- ATR based break-even and trailing stop
- Minimum bars between trades
- One position at a time, no grid, no martingale, no averaging
- Every trade is opened with SL and TP
- Small on-chart status panel
Recommended
Major Forex pairs, XAUUSD and indices. Signal timeframe H1 by default; it can be changed in the inputs.
Inputs
Risk Management: Risk per trade (% of balance), Maximum lot size cap, Magic number.
Signal: Signal timeframe, How close price must come to the weekly open (x ATR).
Stop Loss and Target: ATR period, Default SL distance (x ATR), Maximum SL distance (x ATR, 0 = off), TP as multiple of SL distance.
Trade Management: Break-even trigger (x ATR, 0 = off), ATR trailing distance (x ATR, 0 = off), Minimum signal bars between trades.
Display: Show status panel.
Risk note
Trading involves substantial risk. Test on a demo account first and use settings you are comfortable with.
