Very simple automated trading System in the MQL4 Language for MetaTrader 4 Expert Advisor

Expert advisor Clean and Sinple

Place at a certain time pending orders X number of pips at the level that is determent by the closing price of the previous bar.
So, when the timeframe is set on the 1h chart and the start time to check the previous bar is 03:00,
the closing level of the 02:00 hourly bar is used to calculate the levels of the pending orders.

General Settings

·      Tick size                                                         adjust to 4 or 5 pips on currency pair

·      Magic number                                               unique number

·      Maximum spread allowed                             amount of pips

·      Maximum slippage allowed                          amount of pips

·      Use local time                                                true or false (false is server time)

·      Fixed trade size                                              true or false

·      Lotsize                                                           0.01

·      Risk per trade                                                 true or false

·      Lotsize                                                           % of balance

Entry settings

• Start time to check previous close bar           (time) 00:00   
• Place long pending order below close            amount of pips
• Place short pending order above close           amount of pips

Exit settings

Stoploss

• Place stoploss on long side                             amount of pips
• Place stoploss on short side                            amount of pip

Take profit fixed

• Place take profit on long side:                       amount of pips
• Place take profit on short side:                      amount of pips

Close open orders

Close pending orders at                                              time (00:00)
Close open orders at                                                  time (00:00)

Trading day settings:

• Trade on Sundays;
• Trade on Mondays;
• Trade on Tuesdays;
• Trade on Wednesdays;
• Trade on Thursdays;
• Trade on Fridays;
• Trade on Saturdays.