open time
Info
The open time is a Expert Advisor for MetaTrader 5 that the expert advisor opens positions at the specified time. you can set separate permissions for opening buy and sell positions.
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 time
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
the expert advisor opens positions at the specified time.
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: Real-Time Market Intelligence for Informed Trading Decisions - another powerful expert for MetaTrader 5 traders.
Also recommended: vr rsi robot: multi-timeframe rsi trading strategy for metatrader 5 - similar expert with strong performance on MetaTrader 5.
the expert advisor opens positions at the specified time. you can set separate permissions for opening buy and sell positions. you can also configure the ea to close positions at a certain time. also, it is possible to set stop loss, take profit, and trailing stop.input parameters
position closing options
use position closing time
- the flag sets whether to use or not time-based position closing.
closing hour
- target hour for closing.
minutes of position closing
- minutes for closing.
trailing
- the use of the trailing stop function.
trailing stop (in pips)
- trailing stop value.
trailing step (in pips)
- trailing step value.
position opening settings
opening hour
- position opening hour.
minutes of position opening
- position opening minutes.
duration in seconds
- the duration of period for position opening.
use sell
- allowing the ea to open sell positions.
use buy
- allowing the ea to open buy positions.
volume transaction
- the volume of positions.
stoploss (in pips)
- stop loss value.
takeprofit (in pips)
- take profit value.
advisor options
magicnumber
- magic.
it is recommended to optimize the ea in two steps. at the first step, optimize only important parameters:
then select the best variant, disable settings form the first step and enable the rest of parameters.
one of the results on eurusd,h1:
You may also like: mq l5 wizard - trade signals based on crossover of two emas with intraday time filter - 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.