Timon-pascal Krueger
Timon-pascal Krueger
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Systematic Trader & MT5 Developer at KruegerAlgorithms
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Systematic index trader and MT5 developer from Germany.
I trade my own capital and funded accounts, including a live FTMO account, with time anchored breakout strategies on DAX, FTSE, Dow and Nasdaq.
Every tool here grew out of that daily live trading and the research behind it. Risk first: surviving the account rules is what keeps a strategy alive.

Prop firm utilities for MetaTrader 5

• PropGuardian, account protection before the rule breaks: https://www.mql5.com/en/market/product/184898
• PropMirror, trade copier for your own accounts: https://www.mql5.com/en/market/product/194448
• PropSizer, free lot calculator: https://www.mql5.com/en/market/product/194583
• PropCorrelation, free correlation matrix of open positions: https://www.mql5.com/en/market/product/197323

Expert Advisor
• PropFlow, index rebalancing days in the FTSE 100 closing auction and the Tokyo fix in USDJPY, traded on a fixed calendar: https://www.mql5.com/en/market/product/198644

Free code
• Session Candle Counter: https://www.mql5.com/en/code/77559
• Session TWAP: https://www.mql5.com/en/code/77558
• Global Variable Inspector: https://www.mql5.com/en/code/77802
• PropSpread: https://www.mql5.com/en/code/77391

Setup guides
• PropGuardian: presets, reset time and what a breach looks like: https://www.mql5.com/en/blogs/post/776254
• PropMirror: two terminals, one channel name, ten minutes: https://www.mql5.com/en/blogs/post/776247
• PropSizer: lot size, candle counter and news line: https://www.mql5.com/en/blogs/post/775489

Research notes, measured on index minute data since 2015: https://www.mql5.com/en/users/sg_mephisot/blog

Need an EA built, fixed or made prop firm safe? Send me a message.
Timon-pascal Krueger
I run a personal account and funded accounts from one Windows VPS and wanted trades from one to appear on the others without placing them three times. Below is how I set it up with plain MetaTrader 5, including the mistakes that cost me money first. Every account here belongs to me. 1...
Timon-pascal Krueger
After this guide PropFlow runs on your broker's FTSE 100 chart, and on USDJPY if you want the second module. The panel shows the next event day, and you know which journal lines to expect on a trade day and what they mean...
Timon-pascal Krueger Published product

149.00 USD

PropFlow: two forced flows with a real counterparty, traded on a calendar. Some market participants have to trade at a fixed moment, whatever the price. PropFlow trades two of these flows: index funds on rebalancing days in the FTSE 100 closing auction, and Japanese companies buying dollars at the Tokyo fix in USDJPY. Few trades, flat the same day, a protective stop on every position. Setup: attach PropFlow to your broker's FTSE 100 chart and, if you want the second module, to a USDJPY chart

Timon-pascal Krueger
After this guide PropCorrelation sits on one chart of your account, you can read its headline in two seconds, and you know what the numbers in the matrix do and do not tell you. Time needed: about five minutes...
Timon-pascal Krueger
Published code Global Variable Inspector: list, export, delete and restore terminal global variables with filters
Script that lists the global variables of the terminal with value, last access time and age, filtered by prefix, substring and age. It exports them to CSV, deletes the matching ones after a confirmation and a backup, and restores them from a CSV file.
Timon-pascal Krueger
Fibonacci extensions are among the most used tools in chart analysis, and the claim behind them is a forecast: after a structure such as a double bottom, price has an elevated tendency to reach certain multiples of the first leg, and the zone from 1.618 to 2.0 is where moves end...
Timon-pascal Krueger
The idea is old and plausible. A trailing stop reacts to price, not to structure, and routinely hands back part of the gain. A structural exit should do better: flatten the position as soon as the second consecutive counter-candle on M5 shows the trade is invalidated...
Timon-pascal Krueger
A breakout setup in the US midday lull showed +0.90 R per trade at a 60% win rate, positive every single year since 2015. It would have been by far the best setup in my system. It was a bug, and the bug is one that any backtest with volume confirmation can reproduce...
Timon-pascal Krueger
"Can Day Trading Really Be Profitable?" by Zarattini and Aziz (SSRN 4416622) is probably the most read intraday paper of the last years, and the opening-range breakout it describes turns up in the Market and in the Freelance section every week...
Timon-pascal Krueger
Someone shows you a strategy with a 67% hit rate. Before you ask anything else, ask for the stop and the target. If the stop is twice as far away as the target, 67% is exactly what a coin flip produces...
Timon-pascal Krueger
Published code Session TWAP: time weighted average price from the cash open, with deviation bands
Time weighted average price of the running session, anchored at the cash open of Frankfurt, London, New York or Tokyo with automatic daylight saving. Every second counts the same, minutes without a tick carry the last price, and two bands show the time weighted standard deviation around the line.
Timon-pascal Krueger
Published code PropSpread: time-weighted spread monitor with ATR context, alert and CSV log
Panel that samples the spread once per second and shows it in points and in the symbol's natural unit (pips on FX, index points on index CFDs), with rolling min/avg/median/max, a session statistic since server midnight, the spread as percent of ATR, a hold-time alert and an optional CSV log. It never sends an order.
Timon-pascal Krueger
After this guide PropGuardian runs on one chart of your account, knows your firm's daily loss and drawdown rules and the time your firm's day ends, and you have seen the whole chain once on a demo account: warning, close-all, day lock, instant close of a trade opened while locked...
Timon-pascal Krueger
After this guide you have two MetaTrader 5 terminals on one computer or VPS, one sending its trades and one following them, and you know which journal lines tell you it works. Time needed: about ten minutes including the checks...
Timon-pascal Krueger
An observation from my own trading, and a study I am running on it with more than one participant. When I have been in a move from the start, the pullback looks like a place where I might have to pay twice: I re-enter later, deeper, or not at all, but I add to the position I already have...
Timon-pascal Krueger
The scene has become routine, in the Freelance section here and in my own inbox: a rule in your head, a prompt to a language model, and three minutes later an expert advisor that compiles and wins in the strategy tester. The mistakes in that EA are rarely in the syntax...
Timon-pascal Krueger
Most Expert Advisors I see on funded accounts are reasonable strategies that have no idea a rule exists. The EA sizes its trade, the account drifts down, and the breach happens while nobody watches...
Timon-pascal Krueger Published product

PropCorrelation shows whether your open positions are really different trades. Three index shorts feel like three trades; most days they are one bet, sized three times. The panel puts the number on your chart: the correlation between every pair of open positions, signed by direction, next to the money each of them risks to its stop. Free. Setup takes a minute: attach it to one chart, and the matrix appears for whatever is open on the account. No inputs are required to start. Try it first It is

Timon-pascal Krueger
Published code Session Candle Counter: candles numbered from the cash open, DST aware
Numbers every candle of the current trading day starting at the cash open of Frankfurt, London, New York or Tokyo. The anchor is converted from exchange local time to broker server time with automatic daylight saving, so the first candle after the open is always number one, in summer and in winter.
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