Night Swimmer MT4

Night Swimmer is a powerful night scalping EA:

Experience night trading with Night Swimmer EA, an advance scalping system designed for low-volatile market conditions. it is important to use this EA with caution and only risk an amount you are comfortable with. We encourage you to backtest the EA with real ticks modelling (using MT5 version) and experiment with the settings to find the ones that work best for you.

This EA is completely FREE; So if you like the EA, please consider leaving a 5 star rating.

• Recommended  symbols: EURUSD, GBPUSD, EURCHF, USDCHF
• Recommended timeframe: M5 (5 minute chart)

Features:

Recommended setup:

Attach the EA to 5-minute (M5) chart of recommended pairs. You can use set files in the comment section. These set files are based on EET. If your broker server uses different time zone, you should change time settings of the EA in set files.

if you attach the EA to multiple charts, please make sure they have different magic numbers.

EA parameters:

Lots: Calculation of initial lot size based on fixed lots

Risk Percent (0 = Fix): Calculation of the initial lot size based on a percentage of your account capital at risk for each trade. if set to 0, it will use Lots parameter

Stop Loss: Sets a price threshold (in points) at which a trade automatically closes to limit potential losses

Take Profit: Sets a price threshold (in points) at which a trade automatically closes to earn the profit

Break Even: If set to true, this feature automatically adjusts the take profit (TP) level downwards to exit trade without profit, limiting potential losses.

Activate Break Even after ? Points in Loss: After losing ? points, the take profit automatically trails at break-even

Adjust Break Even (Points): By using this parameter, you can adjust the break-even point, which is not necessarily the exact same as your position's entry price

Smart Close: If set to true, the EA automatically closes open positions based on market behavior to manage risk and potentially secure profits, even before reaching the set Stop Loss (SL) or Take Profit (TP) levels

Time Settings

Start Hour: This is the hour at which the EA will be activated. 

Start Minute: This is the minute at which the EA will be activated

End Hour: This is the hour at which the EA will be deactivated

End Minute: This is the minute at which the EA will be deactivated

Not Friday: If set to true, it will not trade on Fridays

Max Volatility[(0-30):Weak, (30-100):Strong)]: This parameter sets the maximum allowed volatility for the market the EA will trade in. Higher values represent stronger volatility, and lower values represent weaker volatility. For example, if set to 20 (weak), the EA will only trade in markets with relatively low volatility, potentially reducing the number of trades it takes.

Caution Factor (%): Sets the EA's risk tolerance for entry. Higher values lead to fewer trades, while lower values allow for more frequent trades

Evaluate ? Latest Candles: Sets the amount of candles considered for calculations of the strategy