The EA is based on forex market hours scalping strategy using identical 40 pips stop loss and take profit limits, resulting in a theoretical risk-reward-ratio of 1:1. Taking into account that Happy Market Hours frequently closes positions based on market conditions before these limits are reached, the risk-reward-ratio drops already during backtests to 2:1 and probably even more when traded live. Nonetheless, a stop loss limit of just 40 pips should be regarded as a very good value for a scalper. Happy Market Hours provides a money management system and allows changing the predefined take profit and stopping loss limits.
Furthermore, the trading hours can be freely adjusted and trading activities on Fridays can be restricted. The Expert Advisor uses a maximum spread of 5 pips by default. It must be noted that this spread – particularly in the case of minor currency pairs – is not achievable by all brokers, not even during the active European or American sessions. During the rather quiet Asian session – anyhow characterised by wider spreads -, this limit will be breached yet more frequently.
Price EUR 199 for the all-in-one licence, currently including six Expert Advisors. Licence The licence is valid for an unlimited number of live and demo accounts. The licence key for the first month is included in the installation package. After the refund period new licence keys will be provided by email on a yearly basis. Manual A 10-pages manual explains briefly the installation and set up of Happy Market Hours, the input parameters and their impact. Performance The performance of Happy Market Hours is demonstrated, as follows, on a live account of the developer.
Backtesting Happy Market Hours backtests for some of the supported currency pairs for the period 2009 – 2013 are shown below. This sample is not a result of an active selection with respect to performance but merely a result of the availability of historic price data. Other pairs might be added later. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your initial investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved.
The Forex market is open 24 hours a day. Although there aren’t necessarily any trading sessions, like with stock exchanges, banks in different parts of the world have different trading hours. In the table below, you can see when Forex trading opens and closes at banks around the world. When trading, you should take these times into account, as markets opening and closing can have an impact on the level of trading activity.
You can find the open and closing times, margin requirements, etc. Did you find the information you were looking for? How do you calculate the value of one pip? I have an account denominated in USD. The Low was 2 pips below the order level.
How can I make a deposit in GLD? How are my account statistics calculated on my GLD-denominated account? How can I calculate my profits or losses on a position? What happens when I leave a position open overnight? Why did my broker close my position without my consent?
I got the message “Not enough money. How do I calculate the margin required on hedged positions? How do you calculate margin with floating leverage based on the total notional value of open positions? What are the risks of trading during periods of low liquidity? Do you have any questions ? Live chat with an online consultant.
You can get in touch with us around the clock from Monday to Friday. Alpari Limited, Cedar Hill Crest, Villa, Kingstown VC0100, Saint Vincent and the Grenadines, West Indies, is incorporated under registered number 20389 IBC 2012 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines. Alpari is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Risk disclaimer: Before trading, you should ensure that you fully understand the risks involved in leveraged trading and have the required experience.