Time-Based Position Entries and Exits with a Moving-Average Filter

Summary

This trading expert advisor opens and closes positions at user-specified times, with the time inputs interpreted to the minute. Before opening a position, it applies a directional moving-average condition: a buy requires the fast average on the first bar to exceed the slow average, while a sell requires it to be lower. Inputs also configure the symbol, trade volume, stop-loss and take-profit levels, trade direction, and an identifier for the EA’s orders.

The document explains the entry logic and lists configurable parameters, but provides no backtest, live results, or rationale for the chosen moving averages or schedule. It does not detail how the EA handles an unavailable quote, an existing position, missed opening or closing times, or trading costs beyond a quote refresh check. Its usefulness is therefore as a description of a timed, moving-average-filtered execution rule; the text alone is not evidence of profitability or a complete risk-management specification.

Key ideas

• The EA schedules position opening and closing using time inputs with hour-and-minute precision.
• A buy requires the fast moving average to exceed the slow average on the first bar.
• A sell requires the fast moving average to be below the slow average on the first bar.
• Inputs configure trade size, stop loss, take profit, direction, symbol, and order identifier.
• The document provides no performance evidence or detailed handling rules for missed scheduled actions.

Tags

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