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.
- Timeframe: M15 (test using M1 every tick mode)
- Pair: GBP/USD
- Trade Style: Night scalper
- 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).
- 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.
- Fixed lots added
- avoid trades at 00:00 function added