Scheduling Market and Pending Orders with TimerEA

Summary

TimerEA is an expert advisor for opening and closing orders at specified dates and times on the symbol to which it is attached. Scheduling can be based on a day of the week or a day of the year. It supports market orders as well as pending stop and limit orders, and orders can be configured with take profit and stop loss levels.

The advisor can apply trailing stops and break-even management, and can be set to manage either its own orders or all account orders. The update notes describe additions of money management and pending orders, followed by trailing stop and break-even controls, and a change from weekday scheduling to day-of-year scheduling. The document describes capabilities rather than a tested strategy; it gives no evidence on execution quality, slippage, or profitability. Because the advisor operates only on its attached symbol, its scheduling and order-management scope is constrained.

Key ideas

• TimerEA schedules order opening and closing on its attached symbol.
• Schedules can use day-of-week or day-of-year settings.
• The advisor supports market, stop, and limit orders with optional stop loss and take profit.
• Trailing stop, break-even, and money-management options are described.
• It can manage its own orders or all account orders, but no performance evidence is provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.