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Time EA

Markets have own rhythms, money streams at certain hours into a market and at another time out. This fully automatic EA goes in and out of the market at the right time. No martingale, no grid, always one order open with StopLoss.

EURUSD has a rhythm like ebb and flow that overlappes the background noise of market moves. The Time EA uses it and detects deviations of the usual rhythm, triggers trades in exceptional opportunities.

The probability if a support or resistance is overcome depends on the hour of the day. At certain hours its more clever to go long than short. Volatility is higher around the weekend, on wednesdays it's usually low. Observations like these are the core of the algorithm of the Time expert.

Important: Timing is a main part of the strategy - do not forget to set SetUTC (GMT) correctly according to the timezone of your broker! (Info about your timezone is in MS Windows date and time settings - to that number add the amount of hours the clock in mt4 market watch is ahead or subtract if its back)

For more information about SetUTC and the product see the Comments section!

The Time expert advisor is optimized for EURUSD M5 chart.


Settings

  • SetUTC - timezone setting. The default set UTC=2 is means London time.
  • Auto_Moneymanage: automatic money management can be used or disabled
  • MiniLots: if set to true, automatic money management works in steps of 0.01 lot
  • MaximumRisk: how much % of account free margin is set to risk for each trade
  • Lots: lot size if automatic money management is disabled
  • StopLossB: distance of stop loss from order open price in points for buy orders
  • StopLossS: the distance of stop loss from order open price in points for sell orders
  • TakeProfitB: distance from order open price in points where the order is closed for buy orders
  • TakeProfitS: the distance from order open price in points where the order is closed for sell orders
  • HourStart: hour when the EA starts opening orders
  • HourStop: hour when the EA stops opening orders
  • HrFriStop: hour when the EA stops opening orders on Fridays (disabled if set to 24 or higher)
  • HrFriClose: to avoid open positions over the weekend, hour when the EA closes open orders on Fridays (disabled if set to 24 or higher)
  • ECN: if set to true for ECN brokers the orders are sent without StopLoss, the SL will be set with the first tick when the order is opened
  • DrawLines: if set to true horizontal lines in the chart show highs and lows of former days and weeks. Mouseover a line shows what line it is. (hhd1= highest high of the day before, hhd2= highest high of two days before, etc.. lld1= lowest low of the day before, etc.. hhw1= highest high of the week before, hhw2= highest high of two weeks before, llw1= lowest low of the week before, etc.)
  • MAGICMA: magic number
  • OrderOpenAlarm: if true, a pop up window and a sound alert inform that an order is opened
  • EmailAlarm: if true, an email informs that an order is opened
  • PushAlarm: if true, an push notice informs that an order is opened
  • Text_Buy: short text in the alarm message
  • Text_Sell: short text in the alarm message
  • Comment_Buy: A short text to identify where the order comes from is shown by mouse over where the order was opened in the chart
  • Comment_Sell: A short text to identify where the order comes from is shown by mouse over where the order was opened in the chart
The settings below are only for test purpose. They are not recommended for trading
  • MultiOrders: if true, an order to the same direction may be opened even if there is already an order opened
  • MaxOrders: sets the maximum amount of orders if MultiOrders is set true
  • Hedge: if true, an order to the opposite direction may be opened even if there is already an order opened
  • MinBuyProfit: minimum profit in points a buy order must have before a sell can be opened
  • MinSellProfit: minimum profit in points a sell order must have before a buy can be opened
  • Limitorders: if true, limit orders are set instead of opening orders at market price
  • MultiLimit: if true, another limit order can be set even if there is already one or more in the market
  • Distance: number of points the limit order is set below (buy) or above (sell) market price
  • Expiration: number of seconds after setting when the limit orders expire
  • PointsDelLimBuy: Points over BuyLimit price where order is deleted
  • PointsDelLimSell: Points under SellLimit price where order is deleted

Every single module of the expert can be de/activated

  • Buy1act
  • Buy2act
  • ...
  • Sell1act
  • Sell2act
  • ...
Rome
33
Rome 2018.11.02 13:06   

I decided to stop using this EA because it is no longer profitable. Before I made some profit using this EA but not substantial to recover what I have paid for. I spent on the unlimited version which is a high price knowing that they will keep improve=ing this. It's too much for an investment that has more losers than winners in the long run. The author has now introduced a New High Low ea which he claims to be better than the Time EA. Too bad for us as he put the good program on the New High Low and not on the Time EA to improve it. What a waste!

Gerhard Füssel
335
Gerhard Füssel 2018.10.15 02:12 
 

Had high hopes for this EA, after 3 months using it's disappointing.

higgi85430
76
higgi85430 2018.06.18 21:54 
 

I'm giving one star for effort. I have spent a lot of money on ea's only to find that they do not behave according to the back test. For those new to automated Forex trading beware of robots that are updated often because we have no way to know if the ea is being optimized also for past data. Anyone can create a robot that works well on past data. This ea performs well in the back test up to the time it was last updated (See what's new tab) around 2.14.18 but after that it has moved sideways. I will change my review if I see an improvement in the current version performance.

Bruce
383
Bruce 2018.06.02 18:42 
 

Return for risk best of all EA's I've used so far.

rkinman
58
rkinman 2018.05.25 20:20 
 

Bravo Zulu!

Update May 25 2018: EA Still making great profit. I have been slowly adding more capital to trust the EA with.

Vadim Bizhanov
2430
Vadim Bizhanov 2018.04.24 11:21 
 

on back test - good.

on real trade - lost time.

weesoh88
527
weesoh88 2018.02.17 07:25 
 

I seldom give negative reviews. But I am deeply disappointed with this EA. Performance in live trading is very different from backtesting results. The only reason I did not give a 1 star rating is because the author is honest enough not to delete his signals. Will consider upgrading the rating when the live testing results improve.

Update (17 Feb 2018):

To be fair to the author, he had made numerous improvements to the EA over the past few months. It seems that the performance is improving.

In the earlier versions, you find that your live trading entries and even the buy/sell direction are quite different when the data is used for backtesting later on. The backtests often win on those trades, and in your live account those were losing trades. You can check out the first few pages of comments to see the frustrations from several other buyers.

The author commented on Page 13 that buyer with expectation in the cloud gives negative reviews. But if you had an account that looked like this (the author's signal account that he has stopped using - https://www.mql5.com/en/signals/335794), and the author expects the buyer to still write a good review, then it is the author who has expectation in the cloud.

adao filho
59
adao filho 2018.02.14 17:34 
 

mito bom aguardei um tempo apos a compra pra ver os resutado,estao dentro da expectativa.

Martin Lausser
304
Martin Lausser 2018.02.08 21:47 
 

Very Good. Thanks

713486
22
713486 2018.01.20 04:13   

Do not wasting your time this EA after compare back test result with real account performance . For sure you will get disappointed....

Konrad Bieri
42
Konrad Bieri 2018.01.15 23:50 
 

User didn't leave any comment to the rating

Dmitriy Antonov
117
Dmitriy Antonov 2018.01.11 22:29 
 

Робот сливает. как только заработает 1 доллар сразу поставлю 5 звезд. тесты от реальной торговли отличаются. на данный момент робот не зарабатывает. автору писал несколько раз он молчит и не отвечает. автор ты не правильно себя ведешь. когда я тебе задал вопрос будь добр ответить.

Version 2.5 2018.02.14
New setting MaxOrders sets the maximum amount of orders if MultiOrders is set true.
Version 2.4 2018.01.15
Setting DrawLines added. Set true it shows highs and lows of former days and weeks as horizontal lines in the chart.
Version 2.2 2017.12.18
Backtesting result improved, less loss trades on EURUSD M5.
Version 2.1 2017.12.07
Backtesting result improved, less loss trades on EURUSD M5.
Version 2.0 2017.11.30
Backtesting result improved, less loss trades on EURUSD M5.
Version 1.7 2017.09.14
Backtesting result improved, less loss trades on EURUSD M5.

Version 1.6 2017.08.25
New settings added:

PointsDelLimBuy = Points over BuyLimit price where order is deleted
PointsDelLimSell = Points under SellLimit price where order is deleted

In the chart a text shows the number of the module that triggered a trade.
That feature can be de/activated by the new setting: ShowModuleNr

Besides the module number is shown the difference of the 2 moving averages that can be seen in the chart after a backtest.
That number indicates how strong the equity is falling or rising.

Every single module of the expert can be de/activated by the new settings:
Buy1act, Buy2act, etc,
Sell1act, Sell2act, etc
Version 1.5 2017.08.15
New settings added for testing, not recommended for live trading:
If Limitorders = true, limit orders are set instead of opening orders at market price
If MultiLimit = true, another limit order can be set even if there is already one or more in the market
Distance is the number of points the limit order is set below (buy) or above (sell) market price
Expiration sets the number of seconds after setting when the limit orders expire
Version 1.4 2017.07.28
Backtesting result improved, less loss trades on EURUSD M5.
Print function added. When an order is sent, Bid and Ask prices are shown in 'Experts' of the terminal.
Version 1.3 2017.07.13
Backtesting results improved, less loss trades on EURUSD M5.
Version 1.2 2017.07.06
Backtesting results improved, less loss trades on EURUSD M5.