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TradersRightHand

This is a trading manager, which helps you to manage your trades with special options.

It provides you a time controller, where you can define the start and end time (open orders will be closed) of a trading day.

You can define a trailing stop and the take profit. Additionally you have order trigger options e.g. the length of the actual candle and the difference to the market price at start time.

If the configured order is done, the work for the defined day is finished.


Description of the parameters

  • TakeProfit - TakeProfit value
  • StopLoss - StopLoss value
  • Trigger - +/- difference in points to trigger the order
  • SigDiff - Size of the actual M5 bar to trigger the order
  • StartTime - Date/Time where the EA should start its work
  • DayEndTime - Date/Time where the EA should end its work
  • EveryDay - Start once or always at StartTime
  • DayTrader - Close all orders at DayEndTime
  • WeekEnd - Trades on weekend (no/yes)


Example 1 (BUY):

  • TakeProfit=10, StopLoss=10, Trigger=12, SigDiff=11, StartTime=2016.01.16 09:00, DayEndTime=2016.01.16 18:15, EveryDay=once, DayTrader=yes

The EA will start its work on 2016.01.16 at 9:00 a.m. and will automatically close all open orders on 2016.01.16 at 18:15.

At StartTime the EA determines the trigger, in that case +12 points from the market price at StartTime (BUY). The TakeProfit is 10 points and the trailing stop will be 10 points.

To trigger the order, the trigger value must be reached and the closing-price of the actual candle must be +12 points over the open-price.

Example 2 (BUY/SELL):

  • TakeProfit=15, StopLoss=10, Trigger=0, SigDiff=10, StartTime=2016.01.16 09:00, DayEndTime=2016.01.16 18:15, EveryDay=always, DayTrader=yes

The EA will start its work every day at 9:00 a.m. and will automatically close all open orders at 18:15.

At StartTime the EA determines the trigger, in that case the market price at StartTime. The TakeProfit is 15 points and the trailing stop will be 10 points.

The first candle with a price difference of 10 points between open-price and closing-price will trigger the order. closing-price < open-price = SELL and closing-price > open-price = BUY

Example 3 (SELL)

  • TakeProfit=10, StopLoss=10, Trigger=-11, SigDiff=12, StartTime=2016.01.16 09:00, DayEndTime=2016.01.16 18:15, EveryDay=once, DayTrader=no

The EA will start its work on 2016.01.16 at 9:00 a.m. and will finish its work on 2016.01.16 at 18:15.

At StartTime the EA determines the trigger, in that case -12 points from the market price at StartTime (SELL). The TakeProfit is 10 points and the trailing stop will be 10 points.

To trigger the order, the trigger value must be reached and the closing-price of the actual candle must be 12 points under the open-price.

No reviews
Version 1.1 - 2017.02.13
Removed predefined TakeProfit / Stoploss. Now only using the input value.
Added new input "WeekEnd" -> Trades on weekend (no/yes).
Close order at DayEndTime fixed.