NoWeekendHoldingV2
cBot
85 downloads
Version 1.0, Feb 2025
Windows, Mac, Mobile, Web
Description
The "No Weekend Holding" Algo is a simple algo that is designed to close open trade(s) before the weekend and open them again after the weekend. This can be used for prop firms not allowing weekend holding or if you simply want to eliminate the risk of weekend gaps in your trading.
Features:
- Closes trades before the weekend on the set time
- Reopens trades after the weekend on a set time
- If a trade can not be opened anymore because SL or TP has been hit by a weekend gap it does not open the trade anymore
- There is an option to choose to open the trade immeadiately with SL and TP or to open the trade first and then place the SL and TP back once the trade is open. The 2nd method is more accurate but some brokers/prop firms might require a SL upon opening the trade.
Summary
AI summary
NoWeekendHoldingV2 is an algorithmic trading bot designed to manage open trades around the weekend period. It automatically closes all open trades before the weekend at a user-defined time and reopens them after the weekend at a specified time. This functionality is particularly useful for traders subject to proprietary firm rules that prohibit holding positions over the weekend or for those aiming to avoid risks associated with weekend market gaps.
Key features include:
- Scheduled closure of trades before the weekend.
- Scheduled reopening of trades after the weekend.
- Prevention of reopening trades if stop loss or take profit levels were triggered by weekend price gaps.
- Two modes for reopening trades: either opening trades immediately with stop loss and take profit set, or opening trades first and then placing stop loss and take profit orders afterward. The latter method offers greater accuracy but may not be supported by all brokers or prop firms.
This bot supports risk management by automating weekend trade handling to comply with trading constraints and reduce exposure to weekend volatility.
Key features include:
- Scheduled closure of trades before the weekend.
- Scheduled reopening of trades after the weekend.
- Prevention of reopening trades if stop loss or take profit levels were triggered by weekend price gaps.
- Two modes for reopening trades: either opening trades immediately with stop loss and take profit set, or opening trades first and then placing stop loss and take profit orders afterward. The latter method offers greater accuracy but may not be supported by all brokers or prop firms.
This bot supports risk management by automating weekend trade handling to comply with trading constraints and reduce exposure to weekend volatility.
Trading profile
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Prop
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.
Price
Since 28/02/2025
85
Free installs