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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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Price $199 1-2 weeks! Then it will be $549. The MT4 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/38643 (In MT5 and MT4 versions, there may be differences due to the implementation of the code on MT5) The Expert Advisor is currently being tested on a demo account! Therefore, the price for the testing period is reduced! Advanced scalper expert Advisor with loss recovery system. The EA has been tested from 2010 to the present day in various market conditions/per
549 USD
Sparta
Mikhail Sergeev
Easy start: Everything is already set up. The minimum Deposit is $ 100. Quick result. Convenient interface. On the stock exchange, you can often hear that averaging, martingale, and other types of progressive money management do not work. The reality is that more than 90% of successful, highly profitable and long-standing signals use this method of money management. The situation is similar with top PAMM accounts.   Sparta   is a fully automatic multi-currency expert Advisor that uses a uniqu
550 USD
Rul HEDGE
Vladimir Khlystov
Description of strategy: The EA trades on 2 pairs with a positive correlation. On one, he trades only for buying, on the second only for selling. If the position goes to a loss, the adviser begins to resolve it by opening deals much smaller in volume than the original one and biting off small pieces on price rollbacks. The opposite trade, which is in the black, will not be closed until the unprofitable one is resolved or until they reach the specified profit in total. Clearing (averaging) trade
700 USD
InspireBTC
Sergey Seriy
This EA is recommended for trading BTC/USD timeframes M15 or M5. It is based on the strategy of "waiting out", the market entry (and exit) points are determined on the basis of correlation of a number of indicators, included into EA, also used market news pausing. The trading volume for opening a position depends on results of previous trades. It is possible to limit the amount of risk (the AutoMM parameter). It also has advanced features for managing news releases. LinktoEA signal - https://www
1 050 USD
SFE Gold Fever MT5
Joel Juanpere
The system place the trades based on the trend. Is adequate for symbols which usually moves in strong trends, or any symbol which has enter in a trend period. For this reason, works very well with XAUUSD (GOLD/USD), because this symbol tend to move in strong mid/long term trends ( like Bitcoin)   and as is an uptrend in the long term, use the system only in the long side, can boost the performance. The objective of the system is over perform the performance of a symbol in trend, in the long
1 200 USD
Three in One
Petros Shatakhtsyan
"Three in One" is a multifunctional trading robot for MT5, with automatic parameter settings ( Netting and Hedging ).  For MT4:   https://www.mql5.com/ru/market/product/36687 It is designed for both professionals and beginners. The program works in 3 modes: Robot , Advisor , Indicator . 1. Robot - works fully automatically, without intervention   (  Automatic  mode ) 2. Advisor - it tells you when and what operation to do, using the SELL, BUY and CLOSE buttons. ( Manual mode ) 3. Indicator for m
1 380 USD
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Version 2.0 2018.08.16
Updated code, Open Season should now run faster and more reliably.