Robot catalog

SessionTrade_Expert - Expert for MetaTrader 4

SessionTrade_Expert
TypeExperts PlatformMT4 Version10 Date created26 October 2015 Date updated21 March 2018
Formatmq4 Size20.8Kb Downloads506 Rating
4.45 of 5
based on 60 rates

Advisor for MT4, developed for sessional trade. The robot trades with the help of pending orders Sell Stop and Buy Stop. To determine the point of the order, it focuses on the channels boundaries:

  • If the price is fixed at a level below the lower border of the channel, the Advisor opens a Buy Stop order at the lower channel border. Take Profit is set near the upper border of the channel, and Stop Loss is set at the minimum of the current session, from which the channel width is subtracted.
  • If the price is fixed at a level above the upper border of the channel, the advisor opens a Sell Stop order on the upper border of the channel. Take Profit is set in the lower channel boundary area, and Stop Loss is set at the maximum of the current session, to which the channel width is added.
  • If the order did not work until the end of the session, then it is canceled.

The recommended currency pair is EUR/USD; Timeframe - M15.

Share

Most popular robots

bbma
MT4
Indicator
bbma
MBFX Timing
MT4
Indicator
MBFX Timing
MultiZigZag
MT4
Expert
MultiZigZag