Trading utilities for MetaTrader 5
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Overview
London Close Trading Utility EA - EURUSD
This manual expert utility EA is used to open both Buy-stop and Sell-stop simultaneously above and below the London session
close specifically on EURUSD with a distance that can be set by the user as a buffer to avoid premature opening of trades by a
fake breakout.
The strategy is that EURUSD will breakout after London session is closed either in upward or downward direction depending on the state of the
market and to catch a great move when it does through the pending orders that is already set above and below the high and low of the closed
London session.
It opens three pending orders with different take-profits levels thus: 25, 35, 50.
It has a common Stoploss for all opened orders.
It has various trade managements like:
- Breakeven
- Trailing stop
It has an optional function to open pending orders by automation.
It can open trades based on the time set by the trader.
It has magic number for orders identification.
It can automatically recognize both low and high of the closed London session and place trades.
The trader can put the price desired in the external parameters for both low and high prices of the closed London session.
The trader can set both the start and ending time of the session or any time he so wishes to trade this system.
The trader can set a maximum range he desire both low and high should be to avoid unnecessary losses.
The trader can set the distance between the trigger price and the low/high of the closed London session.
The EA can manage both the current chart orders and all opened orders on the accounts (optional)
As you use this EA, I believe that you will enjoy using it.
Thanks for your interest in our products.
Cheers.
