NYOpenCandleEA

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 the tick volume is above 1.5 x its 20-bar average (both checks can be changed or switched off).
• Fixed stop and take profit in index points (default 30 / 120), optional break-even and profit lock, forced close at a chosen time (default 19:00 broker time).
• Risk per trade in money (lot size is calculated from the stop distance) or a fixed lot.
• Monthly loss and profit limits in account currency, optional spread limit.
• Optional filters, all OFF by default: H1 EMA trend filter and candle-size filter relative to ATR.

Honest test results
Strategy Tester, USTEC M5, default settings, risk 150 per trade, 2025: 65 trades, profit factor 1.25, 27.7% winning trades, max drawdown 18.9% of the balance. On 4 years of data (2023-2026, M1 bars, my own check) profit factor was around 1.3-1.4; year 2023 was close to zero. Losing series of 8 trades in a row happened. Past results do not guarantee future results, spreads and slippage at your broker will change them. No profit is guaranteed.

Setup

• Attach to a US100 / NAS100 chart (any timeframe, M5 recommended). The EA is made for index CFDs: on instruments with a price below 5000 it stays inactive unless you enable the override input.
• Check the broker time of the New York open on your server (volume peak of the 9:30 NY candle) and set InpCandleHour / InpCandleMinute and InpCloseHour accordingly.
• Test on your own broker's data before using it on a live account.

The product is a trading tool, not financial advice.