New York Opening Candle

A small transparent Expert Advisor that trades in the direction of the 5-minute candle opening the US session at 9:30 New York time. One trade per day, fixed stop loss and take profit, forced close, no martingale, no grid, no averaging.

How it works

  • It takes the M5 candle that opens the US session (16:30 server time by default; the hour and minute can be changed to fit your broker).
  • It enters in the candle direction only if the candle body is larger than the sum of its wicks and tick volume is above 1.5 x the 20-bar average (the volume filter can be turned off).
  • Fixed stop and take profit (30 / 120 price units by default, designed for indices around 20000; on other symbols the distances are scaled by price).
  • Lot size is calculated from the money risk and the stop distance, or set as a fixed lot; if available margin is not enough, the lot is reduced automatically.
  • Forced close at the specified hour.

Inputs

  • InpRiskMoney, InpUseFixedLot, InpFixedLot: position size.
  • InpSlPoints, InpTpPoints: stop loss and take profit.
  • InpCandleHour, InpCandleMinute: time of the candle, 9:30 New York time on your broker's server (check this with your broker: it is the M5 candle with a volume spike at the New York open).
  • InpUseVolFilter, InpVolMaLen, InpVolMult: tick volume filter.
  • InpCloseHour: hour of the forced close.

Honest results
 Strategy Tester, USTEC M5, every tick, year 2025, default settings, deposit 10,000, risk 100 per trade: 91 trades, net profit +2,559, profit factor 1.41, 29.7% winning trades, maximal balance drawdown 7.3%, longest losing streak 10 trades. On 4 years of M1 data my own check gave a profit factor of about 1.4, but 2023 was close to zero. Spreads, slippage and your broker's data will change these numbers. Profit is not guaranteed.

A fuller version with break-even and profit lock, monthly loss and profit limits, and optional trend and volatility filters is available as NY Open Candle EA.

This product is a trading tool, not financial advice. Trading CFDs carries a high risk of losing money.


Altri dall’autore
NYOpenCandleEA
Aleksei Labuzin
Experts
NY Open Candle EA: opening-range breakout for US100 / NAS100 A simple, transparent expert advisor that trades the direction of the 5-minute candle that opens at 9:30 New York time. One trade per day, fixed stop loss and take profit, no martingale, no grid, no averaging. How it works It looks at the M5 candle that opens the US session (default 16:30 broker time, set the hour/minute for your broker). It enters in the direction of that candle only if the body is larger than the sum of its wicks and
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