Best Profitable Hours Strategy with TP/SL

Core Concept:
Trades only during historically most profitable market hours (based on specified lookback period)

Input Parameters:

Lookback period (5-30+ days)

Number of top profitable hours to trade (1-6)

Long/short trade enable/disable

Customizable TP/SL percentages

Data Processing:

Tracks hourly returns in 24-element arrays

Resets calculations daily at market close

Ranks hours by profitability using array sorting

Trading Logic:

Entries only during top-performing hours

Position sizing: 100% margin allocation

Automatic exit at end of each trading hour

0.1% commission per trade

Risk Management:

Percentage-based take profit orders

Percentage-based stop loss orders

Separate TP/SL for long and short positions

Visual Features:

Blue background highlighting best trading hours

Triangle markers for entry points

Real-time TP/SL level indicators (circles)

Color-coded signals (green=long, red=short)

Position Handling:

Prevents multiple entries in same hour

Closes all positions when best-hour window ends

Uses average entry price for TP/SL calculation

Optimization:

Adjustable historical analysis period

Customizable number of trading hours

Flexible TP/SL ratios

The strategy combines historical hour performance analysis with active trade management through TP/SL orders, providing visual feedback for trading decisions while maintaining strict hour-based position control