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Night GBPUSD Part Lock Scalper REAL

This is a night scalper with a partially locking algorithm for exit from drawdown.

It has been tested as a demo https://www.mql5.com/en/signals/91029 for more than a year, and now it is available on a real account: https://www.mql5.com/ru/signals/103498

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


Operation Principle

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)

Main Parameters:

  • 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.
Abel Liu
1518
Abel Liu 2015.12.26 14:23 
 

Still studying this EA, but looking good so far. My forward test account for this EA :-

http://mql5ea.com/index.php/ea-test/night-gbpusd-scalper

Will update accordingly.

Version 4.1 2016.07.06
Code optimized
Version 4.0 2016.06.14
Added signal block. Optimized the EA operation on the H4 timeframe for the GBPUSD pair.
Version 3.7 2015.10.13
1. Info-panel added;
2. Code optimized.