How does time-based forex trading work?
Illustrates an entry rule at a fixed time combined with the direction of the closed candle.
What is Time-based Entry?
Illustrates an entry rule at a fixed time combined with the direction of the closed candle.
Illustrative signals of the rule on simulated data — not a trading recommendation.
Rule: The 14:00 GMT+7 candle closes up: buy, closes down: sell; each simulated candle is 1 hour. Entry = close of the signal candle; SL = entry ∓ 1.5 × ATR(14); TP1/TP2/TP3 = 1R/2R/3R.
How to read Time-based Entry signals
How Time produces its number, and what each shape on the chart means.
Formula and how it works
Assuming 1-hour GMT+7 candles, a 14:00 candle closing up gives a buy signal and closing down gives a sell signal. Server time and daylight saving are not inferred from this chart.
Determine the server time and how to handle holidays and news before automating.
Recommended MT5 parameters for Time-based Entry
Values used in the illustration; confirm them before deploying an EA.
| Parameter | Description |
|---|---|
| At | The chart uses 14:00 GMT+7; the brief defaults to 14:30 and can be changed. |
Frequently asked questions about Time-based Entry
Does Time-based Entry on this page use real or simulated data?
The chart on this page uses a deterministic simulated candle series; it is not market prices or trading results.
Can Time-based Entry be used in an EA?
You can describe the rule and parameters in a Custom EA brief. It needs independent testing with real data and server time.
How are the SL and TP levels on the Time-based Entry chart calculated?
Entry is the close of the signal candle. SL is 1.5 times ATR(14) away from entry; TP1, TP2 and TP3 are 1R, 2R and 3R away from entry.
Using Time-based Entry in an EA, and further reading
State the candle-close condition, parameters and server time clearly when you put the rule into an EA. See the EAs available on the marketplace to compare options, or read how to read MT5 backtest results before judging any EA.
Other time indicators
Indicators in the same time group, often used instead of or alongside Time-based Entry.
An indicator draws signals, but when to enter, where to stop out and how much to risk are still your set of rules. Send those rules and DinexSpace builds them into an EA.