NewYork Open Reversal
- Experts
- Versão: 2.10
NewYork Open Reversal
NewYork Open Reversal is a fully automated Expert Advisor that trades false breakouts during the first hour of the New York session. It waits for price to break the overnight range and then turn back. It enters on a pullback with two limit orders. Stop loss, take profit, trailing and the Friday close are all handled for you.
How it works
- Builds the range. From 00:00 to 10:00 New York time, the EA records the session high and low.
- Signal 1: Breakout. Between 10:00 and 11:00 NY, the EA watches for price to break above the range high or below the range low. It keeps tracking the new extreme while price pushes further.
- Signal 2: Reversal. When price moves back 23.6% of the move, the reversal is confirmed.
- Entry. Two limit orders are placed at the 15% and 18% levels. The stop loss goes at the extreme (the high or low of the breakout). The take profit is set at the 70% level.
- Management. Each trade is trailed on its own, then the EA waits for the take profit.
The EA takes at most one setup per day.
Key features
- Risk-based lot size: each order risks a fixed percent of your balance.
- Liquidity filter: the EA checks for nearby levels beyond the extreme: previous day, week and month highs and lows. If one is found, risk is halved automatically.
- Slow retrace filter: if the reversal takes longer than 25 minutes after the breakout, the setup is skipped.
- Time limits: no new orders after 11:00 NY. Unfilled orders are cancelled at 13:00 NY.
- Two-step trailing stop:
- At +1R profit, the stop moves to cut your risk in half.
- At +2R profit, the stop moves to lock in +1R.
- Friday protection: on Fridays the take profit is closer (50%), and all positions are closed at 14:00 NY. Nothing stays open over the weekend.
- Automatic New York time: US daylight saving is handled for you.
- Restart safe: if the terminal restarts, the EA rebuilds the day's state and continues.
- Detailed logs: every signal, order, fill and exit is logged in New York time.
Input parameters
| Parameter | Default | Description |
|---|---|---|
| InpTradeSymbol | (blank) | Symbol to trade. Leave blank to use the chart symbol. |
| RiskPercentPerTrade | 0.5 | Percent of balance risked on each of the two orders. |
| FibTrigger | 0.236 | Pullback level that confirms the reversal (Signal 2). |
| FibRedzone | 0.25 | How far beyond the extreme to look for liquidity levels. |
| FibEntry1 / FibEntry2 | 0.15 / 0.18 | Entry levels of the two limit orders. |
| FibSL | 0.0 | Stop loss level (0 = exactly at the extreme). |
| FibTP | 0.7 | Take profit level. |
| UserUTCOffsetHours | 3.0 | Important: the current UTC offset of the PC or VPS running the EA, including daylight saving. Examples: London winter = 0, Kenya = 3. |
| TesterServerClock | NY + 7 | Strategy Tester only: how the broker's server clock behaves. |
| TesterServerUTCOffsetHours | 2.0 | Strategy Tester only: used when the tester clock mode is Fixed. |
| EnforcePlacementDeadline / PlacementDeadlineNY | true / 11:00 | Blocks new orders after this NY time. |
| CancelUnfilledAtTime / CancelUnfilledTimeNY | true / 13:00 | Cancels unfilled limit orders at this NY time. |
| SkipSlowRetrace / MaxMinutesSignal1To2 | true / 25 | Skips the setup if the reversal comes too long after the breakout. |
| UseTrailingStop | true | Turns the two-step trailing stop on or off. |
| TrailTrigger1R / TrailStop1R | 1.0 / -0.5 | At +1R, the stop moves to -0.5R (risk halved). |
| TrailTrigger2R / TrailStop2R | 2.0 / 1.0 | At +2R, the stop moves to +1R (profit locked in). |
| UseFridayTP / FridayFibTP | true / 0.5 | Uses a closer take profit on Fridays. |
| UseFridayClose / FridayCloseTimeNY | true / 14:00 | Closes all positions on Friday at this NY time. |
Recommendations
- Any timeframe works; the EA uses its own New York time logic.
- Use a hedging account, because the EA opens two separate positions.
- Run it on a VPS or a PC that stays on during the New York morning.
- Set UserUTCOffsetHours correctly. If it is wrong, the session times will be wrong.
- Test in the Strategy Tester with "Every tick based on real ticks" before going live.
- Trading involves risk. Past results do not guarantee future results.
