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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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As we know, the love for gold is inherent in humans genetically and probably inherited from our ancestors, so traders are attracted like a magnet to trade the yellow metal. And today I give you such an opportunity. The offered tool is practically a gold mine on your home computer. Gold trading Forex advisor Honest Gold EA works with the author's indicator, which filters out market noise and generates signals for entry and exit. In fact, it is a modified and adapted version of the standard adviso
850 USD
Octopus EA MT5
Liudmyla Bochkarova
I would like to introduce you to the Octopus EA. It is a Forex trading robot that can and will make you money. All you have to do is put the robot on the quotes chart and count your profits. Working Pairs:  EURUSD, GBPUSD,AUDUSD Timeframe: H1 Account type: Hedge Leverage 1:100 and higher 1. What are the advantages of this trading advisor? Trend Control. a) This forex advisor always controls the trend. Therefore, you will always trade in the direction of the main price movement. It is the safest
900 USD
SIEA Max
Daniel Stein
The keys to success in trading Forex are discipline, patience and a clear edge, as we have with our unique real trading volume analysis. That's our experience of 10 years of trading Forex, and all these key factors are summarized in the Stein I nvestments Expert Advisor (SIEA) series. SIEA MAX   provides a balanced risk-reward ratio and survives all market circumstances easily - even the most critical ones like Corona, Brexit, etc. The system's patience and discipline are rewarded with great
999 USD
TripleH MT5
INREXEA LIMITED
5 (3)
Instruction you need  TripleH Price up : Price will be going up. Last 2 copies for this price , next price will be 2088. Target back to 3888 . BackTest which can not see the full functions which all pairs are communicating among each others . Please watch signals :   SignalMinitor   Our Ea Style :  We do not offer any trial version  We do not trust any backtest result  Please only use one EA in the same account  No .set file to make a fully Dynamic strategy to fit different brokers and c
2 388 USD
Triangular Arbitration
Vladimir Khlystov
2.33 (3)
Triangular arbitrage is the simultaneous opening of orders for three currency pairs. The direction of transactions and pairs are selected in such a way that simultaneously open positions insure each other. Due to this, you can open quite large lots, and the risk is low. Triangle options: EURUSD – USDJPY-EURJPY USDCAD-CADCHF-USDCHF EURGBP-GBPUSD-EURUSD AUDUSD – USDCAD-AUDCAD GBPAUD – AUDUSD-GBPUSD The orders that are part of such a triangle are in constant motion. The Expert Advisor analyzes the
550 USD
Golden Hopper
Desert Rising LLC
5 (1)
Go Here for MetaTrader 4 Version I'm a professional trader, and Algorithm developer.  For several years I have only used my algorithms privately, and made available only sometimes to a select small group of traders.  I will make my algorithms available for a limited time basis on the MQL store.  What we have here is a very specific algorithm tuned specifically to scalp the Gold Markets.   The default settings are for EURUSD as the MQL Store Validates against EURUSD.  With certain aggressive sett
599.99 USD
Bitcoin Robot
Petros Shatakhtsyan
Bitcoin Robot   is a trading robot for MT5. It takes into account the trend, support/resistance levels, determines the pivot points, the speed and acceleration of price changes. It works around the clock, completely in automatic mode and does not require special settings. For deposit insurance, 4 types of Stop Loss are provided: Virtual Stop Loss on points , when the lot is not increased. It is triggered when the price moves in the opposite direction. Then at a certain level the position will be
1 190 USD
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Version 2.0 2018.08.16
Updated code, Open Season should now run faster and more reliably.