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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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Crash And Boom MT5
Abubakar Saidu
An algorithm to detect a spike instantly with zero lag.. Use default settings for "Crash And Boom" This smart algorithm detects a spike, which can be use to filter out market spikes, give entry signals with exit. Monitor Signal Here:- https://www.mql5.com/en/signals/797536 Boom 1000 Set Crash 1000 Set Pure Martingale Sets https://c.mql5.com/31/489/Crash_mart.set Monitor Martingale trades:-  https://www.mql5.com/en/signals/800197 Trading:-  Booming for Boom and Crashing for Crash Spike Signa
2 500 USD
RenkoExpert
Andrey Goida
 Multicurrency scalper  trading by renko bars . Renko bars are simulated inside the EA allowing for high-quality optimization. Orders are opened in the direction of the last simulated bar.  The EA strategy is based on simulating renko bars for defining a trend and its duration. The signal is then sorted by filters. Telegram channel https://t.me/renkoexpert Version for mt4 Advisor works only on the MetaTrader 5 hedge accounts! Parameters Trade Order Type - type of trading orders         Marke
555 USD
New Smarthedge
Vladimir Khlystov
The EA has the same trading principle as   SMARTHEDGE . We trade simultaneously on drum instruments with high correlation. Transactions made on one instrument compensate for the drawdown of transactions on the other instrument. Thus, we can trade fairly large volumes with relatively low risk. The principle of operation is clearly visible in the video below. In this expert Advisor, I tried to simplify the settings as much as possible, but left all the main functions from the early development.
1 200 USD
Step Index Scalper
BILLY ARANDUQUE ABCEDE
Step Index Scalper is based  over my own strategy a lot so I won’t go over it all again. But within my Price Action strategy you have access to some different strategies and styles of trading that are better suited to traders that have limited time.  Step Index Scalper is one of the EA so the market since it was fully developed only for Step Index Scalper . download and enjoy. SL and TP virtual. 2% risk Every Trade Telegram : t.me/eAfuture Admin : t.me/Futurific Whatsapp : +639489273888
700 USD
TD EURUSD Slow
Serqey Nikitin
This trend-following conservative Expert Advisor works on EURUSD, M5. It open position according to signal of trading sytem in trend direction and closes position according to signal of trade system or Take Profit/Stop Loss. Important note for its use on real accounts: To avoid the end of the trend case (when loss is possible), you need to set it on demo-account, wait for the first profitable deals and set it on real account. Входные параметры: Stop Loss Take Profit Max Lots
750 USD
STORM
Denis Nikonov
The project is based on macroeconomic statistics and critical data. The basis of the data come from all the crises which are known to history. Description of input parameters: TakeProfit - the size of the Take Profit on a pair; StopLoss - the size of the Stop Loss on a pair Lot - lot size for a constant lot; Crisis_1825 = true - the specifications of the crisis in 1825; Crisis_1836 = true - the specifications of the crisis in 1836 etc. Recommended settings: Pair: AUDUSD; Deposit: $ 2,000; Lot: 0
1 000 USD
QTPulse
John Chu
This Expert Advisor participates in the Automated Trading Championship 2012 (quantatrading). It runs on the EURUSD 15-minute chart. It follows strong trends. Settings Description varLots=2.00000000 The default setting for varLots is very aggressive resulting in a potential about 30% drawdown. To minimize drawdown, adjust varLots to 1 or lower. When setting the value to 1, the drawdown is reduced to about 15%. varStopLossPips=15 This setting controls the Stop Loss in pips for every trade. varTake
2 000 USD
Condor 4x multicurrency EA for upto 13 symbols
Panagiotis Karagiorgis
The Condor-4x Expert Advisor "Condor 4x" constantly increases or decreases the volume being traded at any time, depending on the distance of the quoted price from a pivot one (which keeps approaching - in tiny steps - the quoted price, whenever the latter has already moved towards the pivot, enough for a reasonable reduction of the traded volume to be decided). As by its default parameter values, "Condor 4x" carries out hundreds of multi-currency trades monthly (more on bigger accounts). It inco
600 USD
Moment Catcher
Sotirios Karkalakos
O Expert Advisor  Moment Catcher  funciona na maioria dos pares de moedas e gera grandes lucros. Promoção especial! Por um tempo limitado o preço foi reduzido para 1000 créditos. No final do período, o preço será fixado de volta para 3000 créditos. Ele tem vários parâmetros (tamanho do lote - fixo ou em relação ao Patrimônio Líquido, Stop Loss e Take Profit, Trailing Stop, Ordens de Reversão e limiares como balanço mínimo e as variáveis do patrimônio líquido). Ele não está vinculado ã nenhum tim
3 000 USD
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Versão 2.0 2018.08.16
Updated code, Open Season should now run faster and more reliably.