Forex Session Trader EA
MetaTrader 4 forex expert advisor
Make Your Money, Work Around the Clock
Forex is a decentralized market that operates through financial centres around the world. Since these financial centres are located in different time zones, traders can enjoy a seamless 24-hour trading environment.
The eight largest financial centres in the world are the United Kingdom, United States, Japan, Singapore, Switzerland, Hong Kong, Australia, and France. While there are other financial centres scattered across the world, the trading times of these centres are lumped into three sessions known at the Asian (Tokyo), European (London), and North American (New York) sessions.
What is new in Session Trader EA version 2017:
Minimum / Maximum Available Size Filter for sessions
Quantina Forex Session Trader EA will not trade if the session size (high – low) does not meet criteria.
Additional Previous Day Confirmation
Expert Advisor allowed to open trade in the same direction than previous day open price – close price. If previous day’s open price was higher the close price, EA can open short (sell) direction only, and vice versa.
Recovery Mode with multiplied Trading Lot
If the previous trade was lost EA can multiply trading lot for the next trade. We highly recommend you to use this method if you are familiar with other settings too.
Fixed Take Profit
In the previous version, we did not use fixed take profit value. BreakEven Trigger and Lock could replace it. Now, we added to the new version for special trading strategies.
Precision Tracking Method
We changed the tracking method formula to get more accurate tradings without sending a request to the broker’s server.
Faster Backtesting mode
The new code and formula let us run faster strategy backtests.
Smart Magic Number
Automatically generated unique ID (Magic Number) for each running Forex Session Trader Expert Advisor 2017.
Compatible with latest MT4 terminal
As its name implies, the London trading session is dominated by forex trading activity occurring in the major financial centre of London, England. The London trading session’s dealing hours overlap substantially with those of the Asian Session (Tokyo) and New York trading sessions, although Sydney’s and Wellington’s trading hours do not overlap with the London Session.
One of the greatest features of the foreign exchange market is that it is open 24 hours a day. This allows investors from around the world to trade during normal business hours, after work or even in the middle of the night. However, not all times are created equal. Although there is always a market for this most liquid of asset classes, there are times when price action is consistently volatile and periods when it is muted. What’s more, different currency pairs exhibit varying activity over certain times of the trading day due to the general demographic of those market participants who are online at the time. In this article, we will cover the major trading sessions, explore what kind of market activity can be expected over the different periods, and show how this knowledge can be adapted into a trading plan.
The most liquid currency pair traded during the London trading session is EUR/USD, which often displays considerable volatility during that time frame. Other especially active currency pairs traded during this session include GBP/USD, USD/CHF, EUR/GBP, EUR/CHF and GBP/CHF.
Asian Session (Tokyo)
When liquidity is restored to the forex (FX) market after the weekend passes, the Asian markets are the first to see action. Activity from this part of the world is represented by the Tokyo capital markets, which are life from midnight to 6 a.m. Greenwich Mean Time (GMT). There are many other countries that are present during this time period including China, New Zealand, Australia as well as Russia. Considering how scattered these markets are, it makes sense that the beginning and end of the Asian session are stretched beyond the standard Tokyo hours. Allowing for these different markets’ activity, Asian hours are often considered to run between 11 p.m. and 8 a.m. GMT.
European Session (London)
Later in the trading day, just before the Asian trading hours close, the European trading session takes over, keeping the currency market active. This FX time zone is very dense and includes a number of major markets.
However, London ultimately takes the honours in defining the parameters for the European session. Official business hours in London run between 7:30 am and 3:30 pm GMT. Once again, this trading period is expanded due to other capital markets (including Germany and France) before the official open in the U.K.; while the end of the session is pushed back as volatility holds until the London fix after the close. Therefore, European hours are typically seen as running from 7 am to 4 pm GMT. London Open Forex Strategy is commonly called as Early Bird forex trading strategy.
North American Session (New York)
By the time the North American session is online, the Asian markets have already been closed for hours, but the day is only halfway through for European traders. The Western session is dominated by activity in the US, with a few contributions from Canada, Mexico and other countries in South America. As such, it comes an as little surprise that activity in New York marks the high in volatility and participation for the session.
Screenshot: EUR/USD H1 London Open at 08:00 GMT (London Time)
Basic of the Session Trading Strategy:
A London Open Forex Strategy (Early Bird):
1. Determine the highest high and lowest low between 02:00 – 08:00 a.m. (GMT) London Time
2. Set Pending Orders (Buy Stop above of highest high price, and Sell Stop at the lowest low price)
3. Set Stop Loss to lowest low for Buy order and Set StopLoss to highest high for a Sell order.
4. Use Break Even Method to save your account.
5. Use Trailing Stop instead of TakeProfit. Let your profit Run. Earn Money.
EUR/USD H1 Buy Stop Order on top of the Highest High and Sell Stop Order bottom of the session.
Screenshot: Sell Order has been executed, BreakEven Triggered immediately. Trailing Stop started to track.
Due to its location close to the International Date Line, London operates in a time zone where clocks are usually set five hours later than clocks in New York’s time zone. This time difference sometimes varies by an hour depending on when Daylight’s Savings time starts and finishes in each financial centre.
Screenshot: EUR/USD H1 London Open Trade. Sell order has been executed.
Screenshot: EUR/USD H1 Trading Every Day
Maximum Profit PProbabilityMarked by EA
Friday Profit: $187
Monday Profit: $46
Tuesday Profit: $117
Magic Number: 1500
This is a unique ID for each running EA. Please use different numbers on every active EA especially on the same currency pair. Also, you have to use the different Magic number if you are using more than one QuantinaiTrend EA on the same currency pair
Trading Lot Size:
Trading Lot size. Default is 0.1 (1 standard lot = 100.000)
Advanced Money Manager:
If it’s true, the EA will calculate a recommended trading lot per trade. Dynamic trading lots.
Value in percent. Default is 2. (2%). For advanced users: Formula is: lot = (Equity*percent)/abs(entry-sl)
Name of your unique session. It will appear on the top of your session (rectangle) on the chart.
Beginning of your session what the EA will tracking for the top and bottom line. Determining the highest high and lowest low lines. Time is in 24 hours format (hh: mm) and using your Broker server time (Market Watch)
End of the tracking period. The EA will set the pending orders and of the session. Time is in 24 hours format (hh: mm) and using your Broker server time (Market Watch)
Cancel Pending Orders:
The EA will cancel all the not executed pending orders. Time is in 24 hours format (hh: mm) and using your Broker server time (Market Watch).
Rectangle colour around the session for a better view.
Value In pips. The EA will set the pending orders above and below of the session box with pipsaway distance. Default is 1 pip.
One Cancel Other. The EA will cancel the other pending orders if one of them has been executed.
Draw a rectangle on the chart around the session.
Display Rectangle History Bars:
Session Trader EA will show your settings results in the previos period. Reduce this value if you have less memory than 2GB in your PC/VPS
Very unique method. The EA will set your StopLoss in same value then session high. If the DynamicStopLossPercent was 100%.
Stop Loss value will be expand or reduce by this value. If you set 50, The EA will set the StoLoss value 50% of Session high.
Manual Stop Loss MAX:
Manual StopLoss can overlap the Dynamic StopLoss. Let’s say your Session High (Difference between highest high and lowest low in session period) was 50 pips. If you set your DynamicStopLoss = true and ‘Percent is 100%, the EA will set the StopLoss = 50 pips. However if your ManualStopLossMax = 20, the EA will use the smallest one.
Value in pips. Min = 1 Max = unlimited. More information of TrailingStop on Investopedia’s website. Trailing Stop method can track your opened trade and let your profit run.
Trail Before Break Even:
The EA will start the trailing before the market price reached the breakeven trigger value. Default is false.
Distance from entry price in pips. The EA will move the SL to the positive area to save your account.
StopLoss will be locked. Distance from entry price in favour if the market price reached the BreakEvenTrigger value.
Unique information for trading history. “Quantina Session Trader” or “Quantina Session Settings A”
Simple Moving Average Filter. The EA will open Buy trade if the Market Price is above than SMA line and for Sell is vice versa. This is an extra advantage for long term trend traders. Also, you can reduce your risk.
Simple Moving Average period. Working if the SMA Filter is true.
If it’s true, the EA will not open trade for short (sell).
If it’s true, the EA will not open trade for long (buy).
Previous Day Tops Bottoms Filter:
If it’s true, the EA will trade if the actual market price (after the session end) is out of the previous day highest high and lowest low. It can give you an extra confirmation.
Re_Enter If Loss:
If it was a negative (loss) trade EA will re-send the pending orders. It can help you make a profit if the market price was just temporary volatile. In this case, you do not miss the market movements. Also, it can be more risky.
Disable Trades on “XXXXX” Days
You can turn OFF the trades on special days, such as on every Friday or every Monday.
Max Size of Session:
The EA can measure the session high (distance between the highest high and lowest low in session time). If session high is bigger than MaxSizeOfSession, the EA will not open trade.
Show Line from Entry:
There is an extended feature to see what would be the maximum profit in pips from the entry point. It’s working on the previos days as well. It can help you to create better settings.
Color of Line:
From entry point to the maximum profit.
How to Install:
Step 1: Download the new version of Quantina Session Trader EA 2015 . 1 file only. (no DLLs, no Indicators needed)
Step 2: Go to your MetaTrader4 Terminal File Open Data Folder
Step 3: Paste your file into the MQL4 experts -folder
Step 4: Restart your MetaTrader 4
Step 5: Find your new Quantina Session Trader EA 2015 under your Navigator Expert Advisors
Step 6: Open a currency chart with any timeframe. (Default is EUR/USD H1)
Step 7: Attach your EA to the chart. You have to see the following screen if it’s done:
Frequently Asked Questions:
1. Is this EA working on M15 Timeframe?
Yes, it’s absolutley working on every timeframe.
2. What is the recommended Currency Pair?
EUR/USD if your strategy is fit in the London Openenig Strategy. Thsi EA is coming with London Opening Strategy settings.
However, you can alos use it on GBP/USD , GBP/JPY, USDJPY .
3. How do I set my Session Start and Session End if my broker server time is GMT +3
Default settings is in London Time. Add 3 hours to the Start Time: 02:00 + 3h = 05:00, End Time: 08:00 + 3h = 11:00.
4. Is that possible to trade on New Yourk Session opening as well?
Yes. Please adjust the time as your broker server time. Every settings in this EA are flexible.
5. Is this EA broker account sensitive? Do I have to change my broker?
No, it is not. EA can work on every known account type and with every forex broker.
However, we always have Recommended Broker for all our product. This EA is tested on Pepperstone ECN Razor account.
6. Can I use Quantina Session Trader EA on EUR/USD, GBP/USD, USD/CAD, USD/JPY, GBP/JPY at the same time on the same account?
Yes, you can. However, please check your setings and strategy for each currency pair.
7. Can I use several different settings and strategy on EUR/USD at the same time?
Yes, you can run an unlimited* number of Quantina Session Trader EA on the same currency pair, but please do not forget to set different uniqe ID (Magic Number).
8. Do I need an extended license if i want to run it on VPS ?
No, you do not. 1 Live account is enough to run thsi EA on your PC / VPS. Quantina Session Trader EA is compatible with every known (VPS) server.
9. What Inidcator do I have to install If i want to get a same view (rectangle, blue line, panel, maximum profit probability, etc.) as in your description?
Quantina Session Trader EA 2015 has built-in every necessery files in 1 single .ex4 file. There is no need for any other indicator or .dll files.
10. Do I need to trade manually?
No, you do not need to. Quantina Session Forex Trader EA 2015 will open trades, managing that with trade protector* and handle the opened trades automatically. Plug and Earn system. Easy Installation. Also, if you need any help with installation please contact our support team 24/5. on email@example.com
Download your product instantly, Registration is automated. You do not need license key or registered email address. Installation takes less than a minute.
Quantina Intelligence limited is running a New Forum site with video instructions to instant help. Also, we can answer all support emails usually in 24-72 hours.
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We are continuously developing our products. Quantina Session Trader EA 2015-2018 includes the free upgrade as well.
Quantina Intelligence Limited
Lonodn, United Kingdom