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Open Season

Open Season is a fully automated Expert Adviser that allows 'active' and 'set and forget' traders to trade high probability EURUSD H1 price action breakouts. It detects price action set ups prior to the London Open and trades breakdowns.

  • The EA draws from human psychology to trade high probability shorts
  • Every trade is protected by a stop loss
  • In-built time filter
  • Three position sizing techniques to suit your trading style
  • Two trade management techniques
  • The EA does not use a Martingale system
  • The EA does not use Hedging, and complies to FIFO rules

Minimum Account requirement can be as low as 100$ for use with fixed lots, however, 500$ is the minimum requirement to use dynamic risk and inter-trade scaling effectively.

Open Season does not require any optimization.

Open Season works with well with most execution speeds and brokers. Minimal spread is preferred but not necessary. (ECN & VPS are preferred but not necessary).

Trading on Live Accounts

This EA is designed to last. It works best in downtrends and under fearful market conditions, however it can function in all conditions. That being said there will be drawdowns, as with every system. However, with a properly sized account, sensible risk and a diversified portfolio the drawdowns should be minimal.


Strategies

Position Sizing Techniques:

  1. Inter-Trade Scaling: Open Season uses price action and previous trades to detect if we are in a downtrend and increases/decreases lot sizes accordingly.
  2. Fixed Lots: You may fix the trading size to suit your account size or trading needs.
  3. Risk Settings: You can adjust the risk of 3 subsets of trades

Trade Management:

  1. Normal: No take profit is set; you may close the trade at any time or allow the EA close the trade at an optimized time before the Asian Open. Smart move to break-even levels are automatically enabled.
  2. Safe Take Profit: A take profit calculated based off of intra-day volatility is automatically calculated and set. Smart move to break-even levels are automatically enabled.


Parameters

  • Magic Number - Use this to set the Magic Number to track trades made by Open Season.
  • SafeTakeProfit - True activates SafeTakeProfit & False deactivates
  • SafeTrade - True activates SafeTrade & False deactivates
  • TradeMonday - True allows trading to occur on Monday
  • TradeWednesday - True allows trading to occur on Wednesday
  • Trade Only Fixed lots - True activates Fixed Lot trading & False deactivates
  • Fixed Lot Amount - Enter the amount in Lots that you would like to trade: eg. 0.01
  • Activate Inter-Trade Scaling - True activates Inter-Trade Scaling & False deactivates
  • StopLossMultiplier - This value directly affects stop loss distance, a larger StopLossMultiplier increases Stop Loss distance
  • Slippage in points - This value indicated the allowed slippage in points
  • TimeOffset - This value must be input for Open Season to work, please find the time difference between your broker and GMT. EG: EUROPE (1), EST (-5) INCLUDE THE MINUS
  • LASTCALL - Trade signals after this time are considered false and are not acted upon
  • DAYCLOSE - Trades are closed at this time if they have not been already
  • Risk1 - % Balance risk on high probability trades 1 = approx. 1% 70%+ win (Based on Backtests)
  • Risk2 - % Balance risk on medium probability trades 1 = 1% 60%+ win (Based on Backtests)
  • Risk3 - % Balance risk on medium - low probability trades 1 = 1% 50%+ win (Based on Backtests)

Inter-trade scaling will change %balance risked depending on market conditions. A value of 1 = 1% per trade over time.

Do not hesitate to contact me if you are having trouble finding the correct TimeOffset, or are experiencing any other issues.

Presets are available in the Comments page.

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For first buyers of LASSO EA only, available the minimum price: $575 (retail price will: $3500). Only 10 copies will be sold at the promotional price ( 5 copies left ). INSTRUCTION HOW TO INSTALL:  https://www.mql5.com/en/blogs/post/751575 The trading logic of LASSO EA is based on support and resistance levels. Moreover, not one specific time interval is used for the calculation, but several. Support and resistance lines of several levels (different periods/phases) are determined, the current
575 USD
Golden Informing
Roman Erokhin
5 (2)
Golden Informing Advisor is the most efficient advisor on the market. I spent a lot of time and effort to make this software sophisticated with possibilities of high potential profitability while maintaining low drawdown. This trading robot identifies support and resistance levels and trades on a bounce of the price from key levels. In simple words - we use the classic system. But I have added many useful features to this algorithm: machine learning, virtualization, smart order tracking and man
599 USD
Razor MT5
Anton Kondratev
5 (4)
RAZOR is a Multicurrency, Open and Fully Automated System with SL MaxDD .  Оnly 5 copies out of 10 are Left  at   $715! Next price -->   $1295   About Settings Default Settings for AUDCAD M15 for One Chart  The System has SL You can specify the maximum possible drawdown for yourself The Strategy is Based on Tracking the Return Strong Market Movements of the AUD + CAD + NZD currencies. Initially, the Algorithm uses the High Precision Scalper mechanism. Then the Grid mechanism is activated to in
715 USD
Aura Eclipse MT5
Stanislav Tomilov
Aura Eclipse  is a fully automated EA designed to trade  currencies during evening and night hours .  It is based on machine learning deep neural network analysis and smart scalping  algorithms. The first multi-currency scalper uses deep machine learning mechanism -   Keras. Its a deep learning API written in Python, running on top of the machine learning platform   Tensor Flow . It was developed with a focus on enabling fast experimentation.  Keras provides industry-strength performance and sca
595 USD
One Shot Raider MT5
Mr Andreas Kyriacou
One Shot Raider  is a unique  Trend-following/Mean Reversion combination  based Expert Advisor that enters the market on trend retracements (pullbacks) and exits once the direction of the trend resumes. Every position  has a  Stop Loss  and  Take Profit  and the EA has no Grid, no Martingale and no Hedging. It is simply 'One Shot'. I created this EA with   Low Risk   in mind, which is demonstrated in both   Backtesting   and the   Real Account Live Signal . I recommend it to be used on  GBPCAD  
999 USD
EA Morpheus MT5
Ruslan Pishun
3.8 (5)
Breakout based strategy, generates market entry signals when the price crosses a border of a certain price range. To create the strategy, we have used the history data with 99,9% quality for the last 15 years. The best signals had been selected and the false signals have been filtered out. The Expert Advisor performs technical analysis and considers only the breakouts that show the best result.   It uses a system of filtering false signals. The EA uses adaptive trailing stop. The EA uses a v
550 USD
Snowballed MT5
Xingming Chen
5 (2)
FORGETTING THOSE AMAZING BACKTESTING REPORTS, THEY WILL NOT SERVICE FOR REAL TRADING ... Strategy Summary & Advantages: - It's a full-automatic short-term trading EA based on the advanced technic, it sells out when overbought and buys in when oversold, and makes profit while the market is rolling back. - N o Martingale, no Grid, no Hedging, no Averaging, u sing low stoploss for all trades (defaults from 30 pips to 100 pips). - It is especially designed to avoid slippage,  no Breakout, no Night
1 499 USD
Golden Tree
Arthur Hatchiguian
4.06 (17)
Golden Tree  is an aggressive  multi-cycle  scalper designed for  Gold (XAUUSD) M1 . Each cycle is  independent.  it uses a sequence of orders and has its own  TP  and  SL . It uses a  martingale  system. This EA is using  strong recurrences  of the past to take position and achieve a  high success rate . The purchase price increases by $100 for every 5 copies sold. It is very important to read the blog post before you start. The   minimum   deposit is   $100   for a 1:500 leverage. An   auto
999 USD
Euro Raider MT5
Mr Andreas Kyriacou
5 (2)
Euro Raider  is a unique  Trend-following/Mean Reversion combination  based Expert Advisor that enters the market on trend retracements (pullbacks) and exits once the direction of the trend resumes. Every position   has a   Stop Loss   and   Take Profit , which is adjustable - along with   optional   grid positions   (averaging). I created this EA with   Low Drawdown   in mind, which is demonstrated in both   Backtesting   and the   Real Account Live Signal . I recommend it to be used on   EURUS
999 USD
Index Scalper PRO MT5
Evgenii Aksenov
4.65 (37)
Scalping trading system is designed in accordance with the principle of movement to the average value of the market price. Index Scalper PRO has a built-in intelligent system for quick closing of transactions. The scalper has a built-in News Filter function that tracks news from banks and governments and suspends trading during the release of important world events or changes in interest rates. You can adjust the importance of the news and the trading pause period before and after the news, and
749 USD
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Version 2.0 2018.08.16
Updated code, Open Season should now run faster and more reliably.