Opening and Closing Positions at Specified Times
Info
The Opening and Closing Positions at Specified Times is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) is designed to open and close positions at specific times, with an additional condition check. The EA considers only the time component (hh:mm) in the inputs for opening and closing times.
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 Opening and Closing Positions at Specified Times
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
This Expert Advisor (EA) is designed to open and close positions at specific times, with an additional condition check.
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.
This Expert Advisor (EA) is designed to open and close positions at specific times, with an additional condition check.Also recommended: ORB Risk Managed: Opening Range Breakout with Account Protection - similar expert with strong performance on MetaTrader 5.
The EA considers only the time component (hh:mm) in the inputs for opening and closing times.
Inputs:
- Opening Time: The time at which positions should be opened.
- Closing Time: The time at which positions should be closed.
- Symbol: The symbol to be traded.
- Volume Transaction: The volume for the position.
- Sell Stop: The stop loss level.
- Take Profit: The take profit level.
- True/False: If true, the EA opens only buy positions; if false, it opens only sell positions.
- Magic Number: The unique identifier for the EA.
You may also like: Session Opening Range Breakout EA - 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.