Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
| This EA implements the Turnaround Tuesday strategy, a proven approach that capitalizes on the market's tendency to reverse direction on Tuesdays. Built within the Edgellence framework, it includes:
This strategy is ideal for trading stocks and indices. | |
Short Explanation of This StrategyThe Turnaround Tuesday strategy is based on the historical observation that markets often reverse direction on Tuesdays after a trend has developed earlier in the week. This EA identifies these reversal opportunities and places trades accordingly. To improve its accuracy and efficiency, this EA includes:
Settings are customizable, allowing traders to fine-tune filters for optimal results. | |
Configuration FilesThe EA uses a proprietary properties file that you can maintain outside the terminal. However, to give you a head start and support backtesting, default set files are provided. These files are available in the Comments section of this product page and can be loaded directly into your MT5 platform for immediate use. | |
SupportPurchasers of this EA can schedule a free 15-minute Google Meet session for further explanation and support. This session offers personalized assistance to ensure you get the most out of the product and address any questions or concerns. | |
Parameters |
| Parameter | Description |
|---|---|
| Expert Advisor | |
| _Alias | Name or identifier for the Expert Advisor for reporting purposes. |
| _PropertyFile | Specifies the property file to be used to override Expert Advisor inputs. |
| _FileSubdirectory | Subdirectory for associated files. |
| _ActivationStartDateTime | Start date/time for activation. |
| _ActivationEndDateTime | End date/time for activation. |
| _Debug | Enable or disable debug mode. |
| Trade Management | |
| _MaxBuyTrades | Limits the number of buy trades. |
| _MaxSellTrades | Limits the number of sell trades. |
| _TotalTrades | Total number of allowed trades. |
| _EnableBreakEven | Activates a breakeven mechanism. |
| _BreakEvenPercentageOfPrice | Percentage required to trigger breakeven. |
| _EnableTrailingStop | Enable a trailing stop mechanism. |
| _DailyMaxDrawdownAmount | Sets the daily maximum drawdown limit on account level (account protection). |
| _ShowCloseAllButton | Displays a manual close-all button. |
| Returns | |
| _StartDayTrading | Defines the start day for trading or opening account. |
| _ResetTimeDailyProfitLoss | Resets daily profit/loss calculations (HH:mm). |
| _InitialBalance | Initial account balance as a basis for daily return calculations. |
| Daily System Maintenance Tasks | |
| _TimeMaintenance | Specifies a maintenance or update time (HH:mm). |
| _DumpVariables | Controls variable dumping for debugging. |
| News | |
| _UseLocalForexFactoryFile | Indicates use of local Forex Factory files. (If false files are loaded from internet) |
| _ForexFactoryOffsetHours | Offset for Forex Factory news time in hours. |
| _ClosePositionsOnNews | Closes positions during news events. |
| _MinutesBeforeAfter | Buffer time around news events . |
| Virtual Account Size | |
| _ReferenceAccountSize | Virtual account size as basis for position sizing calculations (over leveraging). |
| _PercentageOfBaseCapital | Percentage of the virtual account size to allocate to trading. |
| Strategy | |
| _CalculatedLotSize | Enables automatic lot size calculation. |
| _FixedLotSize | Sets a fixed lot size if applicable. |
| _RemoveStopLoss | Enables or disables stop-loss orders. |
| _StopLossPercentageOfPrice | Percentage or asset price for stop-loss calculation. |
| _OpeningDay | Day of the week for opening positions. |
| _PositionOpenTime | Earliest time to open positions (time in minutes after midnight). |
| _PositionCloseTime | Latest time to close positions (time in minutes after midnight). |
| _ClosingDay | Day of the week for closing positions. (0 = every day). |
| Filters | |
| _ApplyMAFilter | Applies a moving average filter (SMA). |
| _MAPeriod | Period for the moving average filter (follows the chart period) |
