Trading Robots for MetaTrader 5
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MetaTrader 5
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Overview
Time Range Trading EA v4.2 - MQL5 Market Description
Overview
Time Range Trading EA v4.2 is a sophisticated and highly customizable Expert Advisor (EA) designed for MetaTrader 5, enabling traders to capitalize on price movements within a defined time range. This EA excels in trading trending assets, such as indices (e.g., US30, DAX, NASDAQ), by leveraging advanced technical analysis and robust trade management features. With Moving Average and Ichimoku filters, daily trade limits, and dynamic stop-loss trailing, it’s perfect for traders seeking a reliable, automated solution for range-based strategies on trending markets.
Key Features
- Time-Based Range Trading: Automatically identifies and trades within user-defined time ranges, capturing price breakouts or reversals, ideal for trending assets like indices.
- Flexible Trading Styles: Choose between breakout (With_Break) or mean-reversion (Opposite_to_Break) strategies to suit market conditions.
- Advanced Technical Filters:
- Moving Average Filter: Uses Fast and Slow MAs (default: 50 and 200 periods) to confirm trade direction, aligning with strong trends in indices.
- Ichimoku Cloud Filter: Supports multiple Ichimoku-based conditions (e.g., price above cloud, Tenkan-sen above Kijun-sen) for precise entry signals in trending markets.
- Dynamic Lot Sizing: Offers fixed lot sizing or risk-based sizing based on a percentage of account balance, adjustable to your risk appetite.
- Daily Trade Limits: Set maximum BUY and SELL orders per day to control exposure and prevent overtrading.
- Trailing Stop-Loss: Three trailing methods (Range Percentage, High/Low, Fixed Pips) to secure profits dynamically, especially effective for volatile indices.
- News Filter: Avoids trading during high-impact news events (e.g., NFP, PMI, GDP) for specified currencies, reducing volatility risks.
- Visual Dashboard: Displays real-time range status, high/low prices, trade counts, and more, with customizable colors and layout.
- Customizable Timeframes: Operates on any MT5 timeframe, with independent timeframes for MA and Ichimoku filters.
How It Works
- Range Detection: Identifies the highest high and lowest low within a user-specified time window (e.g., 00:00–12:00), perfect for capturing range dynamics in trending assets like indices.
- Trade Setup: Places Buy/Sell Stop or Limit orders based on the chosen trading style, with entries triggered when the price meets predefined conditions.
- Trade Management: Applies dynamic stop-loss and take-profit levels, with optional trailing stops to lock in profits during strong trends.
- Filters: Ensures trades align with Moving Average and Ichimoku signals, avoiding low-probability setups in volatile markets.
- News Protection: Pauses trading during high-impact news events to minimize risk.
- Daily Reset: Closes all positions and orders at a specified time, resetting for the next trading day.
Input Parameters
- EA Settings:
- Magic Number: Unique identifier for trades.
- Trading Style: Breakout or Opposite-to-Break.
- Trading Sides: One-sided or both-sided trading.
- Range Parameters:
- Start/End Hours and Minutes: Define the range detection window.
- Trade Close Time: Time to close all trades and reset.
- Min/Max Range Size: Ensures valid ranges (default: 15–300 pips).
- Trade Management:
- Lot Size Type: Fixed or risk-based (% of account).
- SL/TP Percentages: Customizable stop-loss and take-profit levels.
- Stop-Loss Management:
- Trailing Type: Range %, High/Low, or Fixed Pips.
- Trailing Parameters: Fine-tune trailing behavior for trending assets.
- News Filter:
- Enable/Disable: Toggle news filter.
- Key News: Specify events to avoid (e.g., NFP, GDP).
- News Currencies: Filter by currency (e.g., USD).
- MA and Ichimoku Filters:
- Enable/Disable: Toggle each filter.
- Timeframes and Periods: Customize MA and Ichimoku settings.
- Ichimoku Filter Type: Choose from 9 conditions for signal confirmation.
Benefits
- Optimized for Trending Assets: Excels in trading indices and other trending instruments due to its robust trend-following filters and trailing stop mechanisms.
- Automation: Fully automated trading with minimal manual intervention.
- Risk Management: Built-in daily trade limits, news filters, and dynamic lot sizing protect your capital.
- Versatility: Adapts to various market conditions, timeframes, and trading styles, with a focus on trending markets.
- User-Friendly Interface: Intuitive dashboard provides real-time insights into trading activity.
- Robust Filters: Combines MA and Ichimoku indicators for high-probability trade setups in trending environments.
Recommended Settings
- Timeframe: M5 or higher for optimal performance on indices.
- Assets: Ideal for trending markets like indices (e.g., US30, DAX, NASDAQ) and major forex pairs with low spreads.
- Account Type: ECN or Standard accounts with reliable brokers.
- VPS: Recommended for uninterrupted operation and low latency.
Why Choose Time Range Trading EA v4.2?
This EA is tailored for traders who want to harness the power of trending assets like indices, combining precision, flexibility, and risk management. Whether you're a beginner or an experienced trader, its customizable features and robust filters make it a powerful tool for automating range-based trading strategies in trending markets. Backtested and optimized for reliability, it’s ready to enhance your trading performance.
Get started today and take control of your trading with Time Range Trading EA v4.2, available exclusively on the MQL5 Market!
