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PYTHAGORAS

This is a night scalper expert advisor. Tries to collect 6-8 pip targets during the night.

Trade decision is made using some M15 bands.


Intro:

  • Timeframe: M15 (test using M1 every tick mode)
  • Pair: GBP/USD
  • Trade Style: Night scalper


EA Parameters:

  • StopLoss: Stop loss value for each order. Default : 50 pips
  • TakeProfit: Target pips for each order. Default: 6 pips (TP changes inside dynamically around this number.)
  • Risk: Defines leverage used for each order. Default: x50
  • OpenHour: Start trading at this hour. Default: 23
  • CloseHour: Stop trading at this hour. Default: 02
  • BandDistance: Price movement from opposite side band. Default: 10 pips
  • MaxSpread: Maximum allowed spread when opening a position. Default: 2.0
  • RuHourBack: if your MT4 terminal hour is back from original MetaQuotes MT4 hour, use this parameter. Example: if your MT4 terminal hour is back 1 hour from MQ MT4, you should set RuHourBack=1, but do not change OpenHour and CloseHour (EA avoids to trade at some critical hours).


Technical Details:

  • Broker Selection: ECN brokers with max 0.9 pip GBP/USD spreads should be preferred
  • Testing: You can test this EA using M1 in every tick mode. All timeframes are hard coded internally. Real run on M15 charts.
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Version 3.3 - 2016.08.24
- Time shift correction, in case of 3 or more hours shifted
- Fixed lots added
Version 3.2 - 2015.10.27
- a boolean shortcut eliminated
Version 3.1 - 2015.08.31
- active order close function corrected.
- avoid trades at 00:00 function added