Night GBPUSD Part Lock Scalper REAL
This is a night scalper with a partially locking algorithm for exit from drawdown.
According to the testing results, 11% drawdown with initial deposit equal to 3500 allows to decrease the original value of the starting deposit in half not crossing the comfortable 20-30% level
The EA trades on night flat (Asian session). Orders which partially lock the main order series are opened when a certain drawdon level is reached. When a preset profit is gained all orders are closed.
Expert Advisor Aim
Realistic (not pie-in-the-sky) results due to scalping on small market fluctuations. It uses a mechanism of decreasing drawdown via partial locking.
Settings (parameters for 4 digit quotes, automated recalculation for 5 digit quotes)
- Lots=0.01 - initial lot;
- FirstLot=0.03 - first order lot;
- TP_1=6.0 - initial profit in points;
- TP_2=5.0 - profit in points after the number of orders specified in From_TP;
- Magic_Number=100 - initial magic number;
- From_TP=5 - number of orders after which the profit is changed to TP_2;
- Max_Spread=5 - maximum spread at which the first BUY order is opened;
- Slippage=5 - allowed slippage when orders are opened;
- UseSound=false - sound notification about opening orders.
Trading Time Restrictions:
- Friday_TimeOut=true - not to trade on Friday;
- Work_Time=true - use time limitations for opening first orders;
- Hour_Begin=23 - hour to start trading;
- Minutes_Begin=0 - minutes to start trading;
- Hour_End=2 - hour to end trading;
- Minutes_End=54 - minutes to end trading.
2. Code optimized.