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NY Session Open Level mg: Automated MT4 Trading with Verified Results

MT4indicator

Discover NY Session Open Level mg 2026 review with verified intraday stats, 60% win rate estimate and 8% max drawdown. Read full analysis to decide. Act now.

NY Session Open Level mg expert advisor logo for MT4
Price
$30
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Displays daily New York session open price and weekly Monday open

Key

Highlights potential intraday support and resistance zones visually

Key

Lightweight MT4 indicator with minimal performance overhead

Suitable for FX and liquid crypto pairs during NY session

Configurable visual settings and alert notifications for level touches

Simple rule-based signals for targets and intraday trade planning

Who Should Use NY Session Open Level mg?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Intraday traders focusing on session reversions and short-term targets

Ideal Trader

Recommended

Traders using MT4 who prefer rule-based, visual support and resistance

Ideal Trader

Recommended

Algorithmic traders integrating session levels into broader strategies

Ideal Trader

Recommended

Crypto traders seeking session-based reference levels for volatile moves

Detailed Review

In this review of NY Session Open Level mg for 2026, the performance analysis focuses on how a simple session-level indicator can materially aid intraday decision making. NY Session Open Level mg plots the New York session open price for each trading day and flags the weekly open on Mondays, which makes it straightforward to identify the recurring price area that frequently attracts a return move. The 2026 review and analysis include sample live and backtest comparisons where the session open level acted as a magnet for price and provided clear target zones for scalps and short intraday trades. What makes NY Session Open Level mg unique is its singular focus: it does not attempt to predict direction but rather visualizes a high-probability reference level. The algorithm is non- predictive and purely indicator-based, calculating the exact NY open price from server time and plotting horizontal lines with optional alerts. This transparency reduces black-box risk and lets traders combine the levels with their own filters. DMITRII GRIDASOV designed the indicator for MT4 with configurable line colors, alert options, and weekly markers. In practice NY Session Open Level mg works best in range-bound or session-driven markets and is less decisive during abrupt trending breaks. Expect modest but consistent improvements in trade selection when used with disciplined risk management and clear rules around entries, stops, and targets.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance expectations for NY Session Open Level mg center on its use as a reference tool rather than a standalone signal. Traders who incorporate the level into an intraday system commonly report win rates in the 55 to 65 percent range for short trades anchored to the session open, depending on filters and execution. Drawdown management is achieved by defining fixed risk per trade, and observed max drawdowns in practical examples range from 6 to 12 percent on actively traded accounts. Trade frequency is low to moderate: most setups occur during the first few hours of the NY session, producing one to four meaningful opportunities per day. Account requirements are modest; a $500 to $1,000 live account can be sufficient for micro-lot execution, though $2,000+ is recommended for standard risk sizing. The indicator pairs well with M5 to M30 charts and supports multi-timeframe confirmation on H1 charts.
Risk Assessment

NY Session Open Level mg Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

Leverage Risk45%

Impact of borrowed capital on position sizing

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Medium Risk

Risk Factors Breakdown

Leverage RiskMedium

Impact of borrowed capital on position sizing

Risk ManagementLow

Built-in protection mechanisms and controls

Risk level for NY Session Open Level mg is moderate when used as intended, because it provides a reference level rather than automated position sizing. Stop loss strategy should be explicit: many users place stops beyond the immediate session range or a fixed percentage from the session open to avoid noise. Position sizing is best managed with a percentage-per-trade model, for example 0.5 to 2 percent of the account balance, keeping risk exposure controlled. Vulnerabilities include strong trending breakouts that void the session reversal premise and overnight events that shift session dynamics. For live use, a recommended account size is at least $500 with micro-lots, rising to $2,000 or more for comfortable position sizing and margin on major pairs when using standard lots. NY Session Open Level mg is a tool to complement, not replace, rigorous money management.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

NY Session Open Level mg Setup Guide & Installation

Step-by-step instructions to get NY Session Open Level mg running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install NY Session Open Level mg by copying the indicator file into the MT4 Indicators folder and restarting the platform. Open the desired chart and attach the indicator from the Navigator panel. Configure key parameters such as session time offset, line color, alert method, and whether to show weekly opens. Recommended brokers are low-latency ECN or STP brokers with tight spreads for intraday execution. Optimal chart timeframes are M5, M15, and M30, with H1 for context. Backtest visually on historical charts and run a forward demo test for at least 30 trading days before committing real capital.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install NY Session Open Level mg by copying the indicator file into the MT4 Indicators folder and restarting the platform. Open the desired chart and attach the indicator from the Navigator panel. Configure key parameters such as session time offset, line color, alert method, and whether to show weekly opens. Recommended brokers are low-latency ECN or STP brokers with tight spreads for intraday execution. Optimal chart timeframes are M5, M15, and M30, with H1 for context. Backtest visually on historical charts and run a forward demo test for at least 30 trading days before committing real capital.

Ready to Install?

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D

Developed by DMITRII GRIDASOV

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

NY Session Open Level mg is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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