Sessions (market hours) + risk & lot sizing
⏱ ~7 min · 1330 words · English
The gold market does not move evenly all day, and risk must be controlled first - this chapter sets the trading hours and the lot/risk rules in one place.
Chapter summary video · panel footage + voice (Demo · 2:48 + 3:31)
Footage from a demo account · press play to hear the summary · not investment advice






Quick summary
- Factory default: H24 = runs at all hours
- Other choices: Asia 07:00-15:00 · London 15:00-23:00 · NY 20:00-04:00 · Overlap 20:00-23:00 (Thai time)
- Change it in the EA's Inputs window: the InpSession field
- Single-session choice — one value only (not multiple switches)
- Only two risk buttons exist: HIGH RISK and LOW RISK (LOW is the default)
- The risk buttons do not change Lot — Lot is controlled in the Lot field, default 0.01
- Max Orders 3 positions · added positions 50 points (5 pips) apart · not an unlimited martingale
- Gold: Lot 0.01 (Min 0.01 · Max 50) — always start at the smallest size
What a session is
A session is the window of time you allow WARP to hunt for trades — close a window and the system goes quiet there, opening no new positions.
Thai-time table (UTC+7): Asia 07:00-15:00 · London 15:00-23:00 · New York 20:00-04:00 (crossing midnight) · the London-New York overlap 20:00-23:00 — the overlap is the window with the heaviest trading.
Where to set it
Press F7 on the chart (or right-click the EA → Properties) → the Inputs window opens → find the InpSession field → pick one value from H24 / Asia / London / NY / Overlap → click OK.
The factory value is H24 — if you are new, leave H24 in place and narrow the window later, once you know your own timing. (The InpMode_M1 through H4 fields that follow are the system-follow INP_FOLLOW_GV values — no need to touch them.)
WARP's real risk controls
WARP has two real switches: the AUTO button on the toolbar (green = hunting for setups · red = stopped) and the HIGH RISK / LOW RISK button on the panel (default LOW) — there is no separate AI mode to choose; the AI MODE button is a slot reserved for the future.
I tested on a demo account: pressed HIGH RISK and read the Lot field — still the same 0.01 · switched back to LOW RISK — same again. Conclusion: the risk button does not scale position size; it controls the system's internal operating criteria.
The real size control is the Lot field: default 0.01 · on gold, Min 0.01 and Max 50 — start at 0.01 and stay there until you understand your own drawdown.
Position limits and the numbers
Read these three values off the panel: Pos 0/3 · Max Orders 3 · Add (pts) 50 — up to 3 stacked positions, each 50 points (5 pips) apart — the system adds positions under a hard limit, not as endless doubling.
Target 3.0 = the R:R goal (three units of return per unit of risk) · standard example trade: BUY 0.01 on GOLD · SL = 1R · virtual TP = 3.0R · TSL 10 pips · added positions 50 points (5 pips) apart · no more than 3 positions.
Magic Number 244024 is the EA's ID, used to tell WARP's positions apart from your manual ones (see chapter 8).
Pro Tip · Mr. Bom
When testing a new strategy I like narrowing the window to the 20:00-23:00 overlap: three hours of clear signals, fast results, and no sitting up all night. Once I am familiar, I widen back to H24. Test on a demo account first — the risk is real in every time window.
Before approving a bigger lot, I give myself a single test: how many losing trades in a row can I watch and still stay calm? If the answer is no more than three, I stay at 0.01. The risk is real — the position limit helps, but the final control is position size. Always test on a demo account first.
FAQ
⚠️ For education only, not investment advice · always try Demo first · images from a demo account
Related chapters
Get Redhat WARP free via LINE @icafefx
Add LINE to receive the EA + manual + usage guidance · works on any MT5 broker that offers gold · always start on a demo account