Author of the idea: Yuri, MQ5 Code Author: barabashkakvn.
If you’re looking to step up your trading game, check out this Expert Advisor (EA) designed specifically for handling pending orders. This nifty tool sets Buy Stop and Sell Stop orders at your specified times, all while ensuring your positions are safeguarded with Stop Loss settings. Plus, it employs a virtual Take Profit strategy, which means it tracks your open positions and will close them automatically when your desired profit is hit.
How It Works:
- This EA operates on timeframes below H1.
- For instance, if you're using it on the M15 timeframe, expect it to place pending orders four times within each hour: at [hour]:00, [hour]:15, [hour]:30, and [hour]:45.
Performance Snapshot for EURUSD on H30:
- Opening Hour: 09
- Closing Hour: 21
- Distance from Price (in pips): 10
- Transaction Volume: 0.1
- Stop Loss (in pips): 20
- Take Profit (in pips): 500
Comments 0