Opening EA Start Edition

Opening EA - Start Edition

Is a tool to trade the OpeningStrategy!

The Opening EA is a semi-automated EA for MetaTrader 5! This means that the trader must actively start the EA using the Start button and stop it using the Stop button.

This EA pursues an opening strategy which, at the start of trading, e.g. on the DAX or Nasdaq, etc., opens a trading channel with predefined TP's (TakeProfit). Two pending orders with the same lot size are set at the beginning. As soon as one of the pending orders has been executed, the other is deleted and replaced by a new one with a factor X higher lot. If this is then also picked up, a new pending order is created with a factor X larger lot, etc. This happens up to a maximum of the preset number of changes X/X. As soon as an order reaches the TP, all active and pending orders are immediately closed and deleted, the session is thus ended, and you can restart the bot by pressing the Start button.

The EA runs actively until the maximum number of changes has been reached or the TP has been reached. It is also possible to stop the EA manually with the Stop button and collect any profits.

Assuming that the EA is in transition 5/5 and is displayed as stopped in the upper right corner, this is perfectly fine. Even if all trades (5 should be open at this point) are still open, the EA continues to check in the background whether TP has been reached and then immediately closes all trades. Only then is the session ended.

Tested on: NASDAQ, DOW, S&P, DAX, XAUUSD, BTCUSD

The following input parameters can be set:

• Magic number: 1234567 (important to give each trade on the account a unique identifier!)
• Comment: OpeningStart (can be replaced by anything)
• Channel points: 500 (defines the size of the channel. Calculated twice, as upper part and lower part of the channel. → 1000 → DAX 10 points, if DAX is displayed with 2 decimal places by the broker)
• TakeProfitPoints: 2000 (set above the channel and below the channel, corresponds to 20 points each if DAX is displayed with 2 decimal places by the broker)
• StartLot: 0.1 (depends on the broker and can be looked up in the symbol specification! The smallest possible size that can be entered is 0.01. Note that a larger lot also requires a correspondingly large balance in the account. 0.1 works wonderfully with a 1000 account, for example.)
• LotFactor: 3.0 (this is the multiplier by which the pending orders are increased! Choose carefully!!! 0.1 → 0.3 → 0.9 → 2.7 → 8.1)
• MaxChange: 5 (this is the number of changes, or channel breakouts, that the price can make up and down, so that corresponding pending orders are created.)

• Test the bot on a demo account first!
• Don't choose too large lot size!

Important: Trading always involves risks and can also lead to losses! Profits are never guaranteed!