Open Ticks
Info
The Open Ticks is a Expert Advisor for MetaTrader 5 that when opening a new bar, the ea analyzes the values of the previous four bars. If the high and open values of the previous four bars are in ascending order, a buy operation is triggered:if(iHigh(1) > iHigh(2) && iHigh(2) > iHigh(3) && iHigh(3) > iHigh(4) && iOpen(1) > iOpen(2) && iOpen(2) > iOpen(3) && iOpen(3) > iOpen(4)) buyOp = true;Conversely, if the high and open values of the previous four bars are in descending order, a sell operation is triggered:if(iHigh(1) < iHigh(2) && iHigh(2) < iHigh(3) && iHigh(3) < iHigh(4) && iOpen(1) < iOpen(2) && iOpen(2) < iOpen(3) && iOpen(3) < iOpen(4)) sellOp = true;When an open position is detected, the 'halfLots' variable value is checked in the 'void trailingStairs(ulong m_ticket, ushort trlDistance)' trailing block.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Open Ticks
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
When opening a new bar, the EA analyzes the values of the previous four bars.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Opening Range Breakout with NR4 / NR7 Contraction Filters (2026 Update) - another powerful expert for MetaTrader 5 traders.
When opening a new bar, the EA analyzes the values of the previous four bars.Also recommended: Grid Pro Panel: Open-Source Grid Trading EA with On-Chart Control - similar expert with strong performance on MetaTrader 5.
If the high and open values of the previous four bars are in ascending order, a buy operation is triggered:
if(iHigh(1) > iHigh(2) && iHigh(2) > iHigh(3) && iHigh(3) > iHigh(4) && iOpen(1) > iOpen(2) && iOpen(2) > iOpen(3) && iOpen(3) > iOpen(4)) buyOp = true;
Conversely, if the high and open values of the previous four bars are in descending order, a sell operation is triggered:
if(iHigh(1) < iHigh(2) && iHigh(2) < iHigh(3) && iHigh(3) < iHigh(4) && iOpen(1) < iOpen(2) && iOpen(2) < iOpen(3) && iOpen(3) < iOpen(4)) sellOp = true;
When an open position is detected, the 'halfLots' variable value is checked in the 'void trailingStairs(ulong m_ticket, ushort trlDistance)' trailing block. This system checks if it is possible to partially close a profitable position. If 'halfLots == true', the position is closed partially:
m_trade_partial.PositionClose(m_position.ticket(), -1, half_volume);
You may also like: ORB Risk Managed: Opening Range Breakout with Account Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.