EA Name: TuyulGAP.mq5
Version: 1.00
Author: zvickyhac
Platform: MetaTrader 5
Strategy Type: End-of-week Gap Trading Using Dynamic High/Low
Description:
If you’re on the lookout for a way to automate your trading strategy, let me introduce you to TuyulGAP. This Expert Advisor (EA) is built specifically for MetaTrader 5 and is designed to capitalize on those price gaps that often appear at the start of the trading week. It’s a smart tool that sets your Buy Stop and Sell Stop pending orders based on the highest high and lowest low from a user-defined number of candles, all set up on Friday night before the market closes.
Key Features:
- Automatic Pending Orders: The EA places Buy Stop and Sell Stop orders above and below a dynamic price range based on recent price movements.
- Scheduled Execution: This EA is active only on Fridays at a specified time (default: 23:15 server time).
- Order Management: It automatically deletes any pending orders on Mondays, ensuring that you only have one order setup each week.
- Day and Time Filter: The EA restricts trading to specific days and hours for better control.
- Profit Locking: It automatically closes positions that hit a designated profit target in USD.
- Simple Configuration: You can easily set parameters like lot size, stop loss, magic number, max open trades, and secure profit target.
Key Input Parameters:
- LotSize: This sets the size of each trade.
- StopLoss: Here, you can define your stop loss in points.
- LookbackBars: This sets the number of candles analyzed to determine high/low levels.
- SecureProfitTarget: This is the USD profit threshold for closing open positions.
Notes:
- This EA is limited to one open trade at a time (MaxOpenTrade = 1).
- No technical indicators are included in this EA.
- It doesn’t feature any built-in take profit or trailing stop, aside from the secure profit closing logic.
Use Case:
If you’re a trader interested in automating your weekend gap setups, this EA could be just what you need. It cleverly deploys pending orders just before the market closes on Friday, allowing you to start the week with a bang!
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