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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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Golden Taipan FX: The Elite Trading System for XAUUSD H1 Overview: Golden Taipan FX is a cutting-edge trading system engineered specifically for XAUUSD on the H1 timeframe. With over 200 precisely crafted strategies, this system is designed for speed and efficiency, delivering consistent, high-quality trades that maximize profitability. With an impressive win rate exceeding 90%, Golden Taipan FX is your go-to solution for reliable and substantial returns in the gold market. Key Features: High W
BitBull EA
Arseny Potyekhin
4.33 (3)
Dear Traders, I am very pleased to introduce our latest project to you. EA BitBull . Real cryptocurrency trading has now become a reality! Signals: Live Signal 1 Because this strategy is so unique, I only want to sell a limited number of licenses. Therefore, the price will steadily increase to limit sales. Next price is 790 USD . With the help of our esteemed partners from all over the world, we have succeeded in developing an innovative crypto strategy. This strategy seamlessly combines
NOTE : 5 copies left for the current price, next price 1750$.  This bot will be sold in limited edition to prevent the accumulation of users in the same broker. Golden Shine is designed for scalping GOLD/BITCOIN   by placing pending orders based on high low at certain periods   by taking advantage of strong momentum.   Why Golden Shine : Golden Shine is a fully automatic trade system. Does not use any risky strategies such as martingale, grid or multiple orders. Every trade is protected by stop
Eternal Engine EA is an advanced Expert Advisor that utilizes multiple indicators and strategies, providing traders with a comprehensive automated trading tool. It offers numerous trading opportunities, is not sensitive to spreads, and employs strict entry points to precisely initiate each trade. The strategy has proven itself in real market, with a year-long real-time signal of low DD.Whether you're a beginner or an experienced trader, Eternal Engine EA offers an exceptional trading experience.
Sup 9 Martingale MT5
Inrexea Limited
3 (2)
The Sup 9 Martingale Trading Robot – a cutting-edge, fully automated 2nd generation InrexEA DB system by OpenEA. This innovative solution learns from XAUUSD market trends and incorporates the best aspects of the retired Ea YOLO Diamond Hands. Structure of InrexEA DB: Clients > InrexEA DB > OpenAI > InrexEA DB analysis > Clients  InrexEA DB is a cutting-edge DB solution primarily built using the powerful Python programming language. It goes beyond the limitations of MQL4 and MQL5 codes to provid
XG Gold Robot MT5
Marzena Maria Szmit
4.34 (74)
The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S
Ai Multi Trend MT5
Mansour Babasafary
4.31 (29)
Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. Expert trend hunter Combined with artificial intelligence Control the AI with a variety of simple settings Without using dangerous strategies (all trades have a profit limit and a loss limit) Can be used in 6 main market currency pairs and 4 important time frames An expert who has been trained by artificial intelligence for years to correctly recognize trends(wi
Ai Hybrid Robot MT5
Mansour Babasafary
4.38 (13)
Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD  currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg
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Version 2.0 2018.08.16
Updated code, Open Season should now run faster and more reliably.