Time Trader – Server EA

Time Trader is a Server Side VTL Expert Adviser. The EA Opens a trade at a specified time. Markets may be highly volatile at some times during trading day such as important news release time, London or US session open.

Because of high volatility, opening trades manually at such times may be less efficient as price move very quickly and by the time order details are put into terminal, price may have significantly moved. Speed of execution is critically important in these situations. Time Trader EA is a useful tool at such times. Time trader runs on server and open positions at the specified time you set in parameters without any latency as it is running on the server.

Enter the time to open trades in the parameters of the EA, the time can be specified in Hour, Minute, Seconds format. Also users can configure the EA to open a buy position or sell position or both at the same time.

Time Trader EA applies stop loss and take profit specified by the trader. Thus the EA can be used to open market neutral trade at important news release time. For a market neutral trade, open both buy and sell at the same time and apply a small stop loss and large target. One trade stops out, but the other trades make sufficient profit to end up with a net profit on both trades due to the big moves present at important news release time. In case the trader has got a directional bias, EA can open Buy or Sell position as specified in the parameters of the EA.

Usage

• Download the attachment.
• Copy it to your company VertexFX  Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL File
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.