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- Trading Robots
- Metatrader 5
- Expert Advisor
- Time in Trade
Time in Trade
Easy Rating: 5/1
MQL Rating: 5/3
12000
4273.52
Live
FusionMarkets-Live
18 Nov 2024, 06:24
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Time in Trade – a trading robot that promises to open pending orders at the perfect time. Sounds like a dream, right? Well, not quite. While it boasts a 5-star rating, user reviews tell a different story. From blocking other robots to inconsistent real-world performance, it’s clear this EA has some growing pains. Dive into our detailed review to see if Time in Trade is worth your time or just another fleeting trend in the Forex market.
Introduction to Time in Trade ⏰
Time in Trade is a trading robot that opens pending orders at specified times, capitalizing on market volatility during key events like trading session openings and economic indicator releases. Designed by Denis Diakonov and published on 11 February 2023, this Expert Advisor (EA) is tailored for the MetaTrader 5 platform, focusing on a 5-minute timeframe.
One of the standout features of this EA is its ability to automatically switch between winter and summer time, ensuring it remains synchronized with market hours. This automation is particularly beneficial for traders who rely on precise timing to execute their strategies. The EA opens pending orders with equal volumes for both buying and selling, aiming to capture sharp price movements during high-impact events.
The flexibility in settings allows traders to customize parameters such as Open Price, Stop Loss, Trailing, Volume, and RISK level. This customization is crucial for adapting the EA to different market conditions and individual trading styles. Additionally, the option to enable or disable trading at specific hours provides further control over trading activities, allowing traders to avoid less favorable market conditions.
For those new to automated trading or looking to optimize their strategies, Time in Trade offers a user-friendly interface with straightforward settings. However, it’s essential to conduct thorough backtesting and consider the EA’s performance in real-world scenarios. While the EA has shown promising results in backtesting, real-world performance can vary due to factors like slippage and broker execution speeds.
In summary, Time in Trade is a versatile and customizable EA designed to take advantage of market volatility during key events. Its automatic time-switching feature and flexible settings make it a valuable tool for traders looking to automate their strategies on the MetaTrader 5 platform. However, as with any trading tool, it’s crucial to conduct thorough testing and continuously monitor its performance to ensure it meets your trading objectives.
Key Features and Settings ⚙️
Operating on a 5-minute timeframe, Time in Trade is designed to open pending orders with equal volumes for both buying and selling. This approach aims to capture market movements efficiently, especially during high-volatility periods. The key settings of this EA include Open Price, Stop Loss, Trailing, Volume, and RISK level, providing traders with a high degree of customization. For instance, the Open Price setting allows traders to specify the order opening level based on BID and ASK prices, while the Stop Loss and Trailing settings help manage risk and protect profits.
One of the standout features is the RISK level setting, which can be adjusted to manage the percentage of free funds at risk. Setting the RISK level to 0 applies a fixed trade volume, while higher values allow for dynamic risk management. Additionally, traders can enable or disable trading at specified hours, giving them control over when the EA is active. This feature is particularly useful for avoiding less favorable trading conditions or focusing on specific market sessions.
Testing of Time in Trade was conducted with a 3ms delay, 1/40 leverage, and a RISK level of 70, starting with an initial deposit of 3000 RUB. These parameters are crucial for understanding the EA’s performance under realistic trading conditions. The testing results showed that the EA could handle sharp price changes effectively, making it suitable for traders who rely on economic news and trading session openings to execute their strategies.
Compared to other trading systems like EASY Scalperology, which focuses on scalping strategies, Time in Trade offers a more balanced approach by targeting specific time-based triggers. This makes it a versatile tool for traders who prefer a more structured and time-sensitive trading strategy. However, it’s essential to note that while the EA has shown promising results in backtesting, real-world performance can vary due to factors like slippage and broker execution speeds. 📊
In conclusion, Time in Trade offers a range of customizable settings that make it a flexible and adaptable trading tool. Its ability to open pending orders with equal volumes and manage risk through adjustable settings provides traders with the tools they need to navigate the Forex market effectively. However, as with any trading system, continuous monitoring and adjustment are essential to ensure optimal performance. 🚀
User Reviews and Performance 📈
User feedback on Time in Trade is a mixed bag, to say the least. On one hand, some users praise its simplicity and effectiveness in trending markets. For instance, a user named dididoremi mentioned that the EA works well in a trending market but noted the absence of a magic number. Another user, webart, found the robot to be very good for pairs like EUR/USD, GBP/USD, and AUD/USD but highlighted an issue where the robot blocks the operation of other robots, which is a significant drawback. These points suggest that while the EA has its strengths, it also has notable limitations that could affect its overall usability.
On the flip side, there are users who have experienced less favorable outcomes. For example, desarrolladormadrid simply rated it as “Excellent,” but ernest_mark raised a concern about the bot trading 1,800 lots regardless of the lot settings. Another user, simtasing, reported that while the backtesting results were impressive, the real-world performance was less than stellar, with small wins and big losses, making it overall unprofitable. This discrepancy between backtesting and live trading performance is a common issue in the world of automated trading and highlights the importance of thorough testing under various market conditions.
Despite these concerns, Time in Trade holds a 5-star rating from three reviews, which is quite impressive. However, the fact that it seems to block other robots is a significant drawback that cannot be overlooked. This issue could be particularly problematic for traders who rely on multiple EAs to diversify their strategies and manage risk. Moreover, the mixed reviews suggest that while the EA may perform well under certain conditions, it may not be as reliable or consistent as some of its competitors.
In comparison to other trading robots like the EASY Scalperology and EASY Trendopedia, Time in Trade appears to lack the advanced AI-driven strategies and robust performance metrics that make the EASY series stand out. While Time in Trade is free, its limitations in real-world application make it less reliable than its premium counterparts. For traders using the MetaTrader 5 platform, it’s crucial to weigh these pros and cons carefully before integrating Time in Trade into their trading arsenal. 📉
Comparative Analysis with Other EAs 🔍
When comparing Time in Trade to other Expert Advisors like EASY Scalperology and EASY Trendopedia, it’s clear that each has its unique strengths and weaknesses. Time in Trade focuses on specific time-based triggers, such as trading session openings and economic indicator releases, to open pending orders. This approach is particularly useful for traders who thrive on market volatility during these periods. However, it lacks the advanced AI-driven strategies that are the hallmark of the EASY series. EASY Scalperology, for instance, employs sophisticated algorithms to scalp small profits from numerous trades, while EASY Trendopedia leverages trend-following techniques to maximize gains during sustained market movements.
One of the key advantages of Time in Trade is its cost—it’s free. This makes it an attractive option for traders who are just starting out or those who are hesitant to invest in premium EAs. However, this comes at a cost in terms of performance and reliability. User reviews indicate that Time in Trade can be inconsistent in real-world trading, with issues like blocking other robots and trading large lot sizes regardless of settings. In contrast, the EASY series offers more robust performance metrics and a higher degree of reliability, albeit at a price. The advanced features and consistent performance of the EASY bots make them a more reliable choice for serious traders.
In terms of customization, Time in Trade offers a range of settings that allow traders to tailor the EA to their specific needs. This includes parameters like Open Price, Stop Loss, Trailing, Volume, and RISK level. While this flexibility is beneficial, it also requires a deeper understanding of market dynamics to optimize effectively. On the other hand, the EASY series simplifies this process with built-in AI that adjusts settings automatically based on market conditions, making it more user-friendly for traders who may not have the time or expertise to fine-tune their strategies.
In summary, while Time in Trade offers a unique and cost-effective approach to automated trading, it falls short in terms of advanced features and real-world reliability compared to the EASY series. For traders using the MetaTrader 5 platform, it’s essential to weigh these factors carefully. If you’re looking for a free, customizable EA and are willing to invest time in optimization, Time in Trade could be a viable option. However, for those seeking a more reliable and feature-rich solution, the EASY series remains the superior choice. 📊
FxRobotEasy Team’s Final Thoughts 🤔
As the FxRobotEasy Team, we strive to provide traders with honest and insightful reviews. Time in Trade, while having potential, raises some red flags in real-world performance. User-reported bugs, such as blocking other robots and inconsistent lot sizes, are concerning. These issues suggest that while the EA may perform well in backtesting, its reliability in live trading scenarios is questionable. For traders looking for a more dependable solution, we recommend exploring our EASY Bot series, which offers advanced AI-driven strategies and robust performance metrics.
Our EASY Bot series, including EASY Scalperology and EASY Trendopedia, has been designed to provide traders with reliable and profitable trading solutions. These bots leverage sophisticated algorithms to adapt to market conditions, offering a higher degree of consistency and reliability. While Time in Trade is free and customizable, its limitations make it less appealing compared to the feature-rich and proven performance of the EASY series. We encourage traders to share their thoughts on Time in Trade and download the source code for free to test it themselves. Your feedback is invaluable in helping us improve our offerings and provide the best trading tools available. 🚀
In conclusion, while Time in Trade offers a unique approach to automated trading, its real-world application leaves much to be desired. The FxRobotEasy Team remains committed to providing traders with the best tools and insights to succeed in the Forex market. Our range of services includes Forex forecasts, crypto and stock trading signals, and a vibrant trader forum. We also offer honest ratings of brokers and trading systems, ensuring you have all the information you need to make informed decisions. Join our Telegram channels and bots for real-time trading signals and stay ahead of the market. We invite you to share your experiences with Time in Trade and explore our comprehensive suite of trading solutions. 🌟
Time in Trade
forexroboteasy.com
Write review
Leo Stratton
1 review
Great system but needs a fix
I've been using the Time in Trade system and it's really impressive, particularly when dealing with EUR/USD, GBP/USD, and AUD/USD parameters. However, there seems to be an issue where the system blocks the operation of other bots. This needs to be rectified for a smoother trading experience.