AudCad Discipline
- Experts
- Version: 1.0
- Activations: 5
Trading Currency Pair: AUDCAD
Trading Style: Day Trading
Timeframe: M5 (5-minute chart)
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Analyzes the price movements characteristic of AUDCAD
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Designed to close all positions before the end of the trading day
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No averaging down and no Martingale strategy
Trading Style
This is an AUDCAD-specific day trading EA that operates at the opening of each 5-minute candle.
It aims to accumulate profits during the morning range-bound market.
The EA does not use averaging down. However, it may add to existing positions (additional sell or buy entries) only when specific conditions are met.
To reduce risk, all positions are forcibly closed before the London market opens.
Since the EA is designed to trade only during the Oceania and Japanese market sessions, it is less exposed to the impact of economic news releases during the London and New York sessions.
Exit Conditions
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Take Profit (TP) – Exit using a take-profit order
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Stop Loss (SL) – Exit using a stop-loss order
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Internal exit logic – Multiple built-in exit mechanisms
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Forced closure at 15:00 Japan Standard Time (JST)
(If a position remains open early Saturday morning, it will be closed at 15:00 JST on Monday.)
Take-profit and stop-loss orders are placed simultaneously with each entry to help limit risk.
Most exits are triggered by take-profit orders or one of the EA's multiple internal exit mechanisms. Stop-loss orders are rarely triggered under normal trading conditions.
Why This EA?
It is often said that approximately 70% of market movements occur in ranging markets.
Trend-following EAs can generate substantial profits when strong trends develop, but their relatively low win rates can be a drawback.
This EA focuses on accumulating profits during range-bound market conditions.
We would be delighted if you considered using it as one component of your trading portfolio.
FeaturesSimple Strategy Designed for Long-Term Use
The EA uses widely available, standard indicators included by default in MetaTrader.
It identifies entry opportunities specifically targeting range-bound market conditions.
No High-Risk Trading Techniques
The EA does not use averaging down or Martingale strategies, which can potentially lead to the loss of the entire trading account in a single adverse move.
The maximum number of positions is limited to 5.
