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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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Trust Scalping EA Supertrend Edition Maximize Your Gold Trading Potential on the M1 Timeframe Key Features: Exclusive Gold Trading : Expertly designed for XAUUSD, this EA thrives on the M1 timeframe, harnessing the volatility of gold markets. AI-Enhanced Indicator Strategy : Trades are executed based on a smart combination of AI-determined indicators, with the renowned Supertrend indicator by Olivier Seban serving as an essential filter. Advanced Risk Management : Incorporates a stop loss set as
1 990 USD
ET9 New on the Market, Launch promo! Only a few copies left at: $599 Next price: $799 Final price: $1599 The Best   Expert Advisor  on   XAUUSD   any timeframes  ,  It can also be used on GBPUSD at the same time! ET9  for MT5 Updated v3.10 !!     Important update:   Now ET9 can use on GBPUSD!!  Dynamic Lots to make more profits,   Added Profit Protector.  Optimized the function of modifying orders. Optimize parameters to maximize profit! Include Free  ET1 for MT5 :  https://www.mql5.com/en/mark
599 USD
Goldminer AI MT5
Ruben Octavio Gonzalez Aviles
4.32 (28)
Goldminer AI is a complex and novel algorithm that uses Artificial Intelligence in combination with traditional technical analysis to predict market movements. It features a revolutionary recovery mode that splits each entry into several smaller trades and closes them one by one with profits gained from other trades. Additionally, a new mechanism enables profit maximization through the use of trailing pending orders. This Expert Advisor makes use of Recurrent Neural Networks, specifically Long-S
599 USD
Description of the Doctor Winston bot General characteristics: Name: Doctor Winston Type: Ultramodern Forex trading bot Instruments: Trades on most currency pairs and instruments Timeframe: Can be set to any timeframe Bot settings: Money Management (Capital Management): MMOn: Enabling/disabling capital management (true/false) DefaultVolume: Default transaction volume (0.01) MMCalc: Base amount for capital management (1000) Indicators: ALength, BLength, CLength, DLength, ELength: Parameters
1 299 USD
Slap all news
Inrexea Limited
5 (1)
Signal Monitor: SAN Public Channel: Stay updated with us Key Currency Pairs: EURUSD CADCHF NZDJPY GBPAUD XAUUSD These pairs, along with their main related pairs, form the core of our trading strategy, offering a broad spectrum of opportunities across major markets. Product Highlights: Advanced Inrexea Database Integration: Seamlessly connects with our Inrexea Database for real-time trend analysis and mispricing detection post-news events. Dynamic TP Generation: Optimized to profit from momentum
1 080 USD
Black Jack v5
Vitalii Zakharuk
Forex bot Black Jack is trending reliable trading. Forex trading is a complex and dynamic market that requires a lot of time, effort and experience to successfully navigate. However, with the advent of trading bots, traders can now automate their trading strategies and take advantage of market trends without having to spend countless hours analyzing data. What is Forex Bot Black Jack is a trading bot that uses advanced algorithms to analyze market trends and automatically execute trades. It
1 299 USD
XC Pips EA MT5
Marzena Maria Szmit
5 (17)
The XC Pips EA MT5 is an advanced automated trading system meticulously designed for the specific dynamics of the   GBP/USD   currency pair. Utilizing advanced technical analysis, the robot assesses historical and real-time data to   identify potential trends , key support and resistance levels, and other relevant market signals specific to GBP/USD. XC Pips EA opens 5 positions   every day,  from Monday to Friday, and   all positions are secured   with Take Profit, Stop Loss, Trailing Stop, we i
799 USD
AI Meta EA MT5
Denis Kurnev
3.76 (21)
Introducing the AI Meta EA advisor - a remarkable leap in the world of trading! If you've always aspired to something greater and uncharted, then AI Meta EA is what you need. It harnesses cutting-edge artificial intelligence technologies, developed using neural networks and hidden algorithms in the deepest corners of the internet. What makes AI Meta EA so uniquely exceptional? Forget about old strategies and mundane indicators! My advisor possesses an intuition that even the most experienced tra
1 199 USD
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Version 2.0 2018.08.16
Updated code, Open Season should now run faster and more reliably.