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Timer
Timer is a break trough system. It buys/sells in big and fast movements in market. The system buys when price breaks upper level and sells when price breaks lower level.
Timer.zip 132.11 kb, 35 downloads since 2014-09-28
This Expert AdvisorTimer is designed to automate trading. It has several customizable settings that allow you to define the trading strategy.
Timer Settings:
WaitSeconds: This parameter defines how often the EA will check for new trading opportunities, in seconds.
PipDistance: It sets the distance in pips for placing Buy and Sell orders.
AtrPeriod: The period used for calculating the Average True Range (ATR) indicator, which is a measure of market volatility.
Reverse: If set to true, it will reverse the trading logic (Buy becomes Sell and vice versa).
Stop_Limit: Determines whether to use stop orders or limit orders for entry.
SL TP Settings:
StopLoss: This parameter sets the Stop Loss level in pips.
TakeProfit: It defines the Take Profit level in pips.
UseTrailingStop: Enables or disables the trailing stop feature.
TrailingStop: Sets the trailing stop distance in pips.
MM Settings:
Lots: The initial lot size used for trading.
UseMM: If enabled, the EA will calculate the lot size based on the defined risk percentage and Stop Loss.
Risk: The risk percentage used for lot size calculation.
MaxTrades: Limits the maximum number of simultaneous trades.
MaxSlippage: Sets the maximum allowable slippage in pips.
Trading Hours:
UseTradingHours: If enabled, it restricts trading to specific hours of the day.
StartTime and StopTime: Define the time range for allowed trading.
GMT_Offset: Offset to align trading hours with the broker's time zone.
View Settings:
ShowMenu: If enabled, it displays a graphical menu on the chart.
MenuCorner: Specifies the corner of the chart where the menu is displayed.
FontColor: Sets the color of the text in the menu.
FontSize: Specifies the font size of the text in the menu.
The EA also includes functions for handling trading operations:
It monitors the opening of new bars to identify the start of a new candle.
It calculates the ATR indicator based on the defined period.
The CheckStops function checks and modifies stop loss and take profit levels of open trades.
The TrailingStopCheck function handles trailing stop functionality.
It includes a CheckTime function to periodically check and adjust Buy and Sell levels.
The CalculateLots function calculates the lot size based on risk management and Stop Loss settings.
The EA includes functions for creating, updating, and deleting graphical objects used for displaying trade-related information on the chart.
The TradingTime function checks if the current time falls within the specified trading hours.
The OpenOrder function is used to open Buy or Sell orders based on the specified criteria.
The ClosePending function is used to close pending orders that are no longer valid.
Overall it is designed for managing multiple trading parameters, including risk management, order execution, and trading hour restrictions. It allows for both manual configuration and automated trading based on the defined settings.
Timer.zip 132.11 kb, 1 downloads since 2023-11-05
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