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SFE Night Scalper

This system takes advantage of the stagnation of the market at the final of the New York session and the first hours after that close. It detects small deviations and enters in the contrary direction trying to close the operation in the level before that deviation happens. If the operation does not close with profit during the stagnation hours, the EA tries to exit in a favourable condition in the next hours, before the European session opens again.

Selection of the trading hours is the clue of this EA. Manage the 'Start_Trade_Hour / End_Trade_Hour' parameters to select these hours. In general, the last hour of the New York session and the first hour after New York has closed, are the most profitable hours.


Pairs and timeframes

The pairs recommended are in the Pair_List parameter, and the these pairs in the different timeframes are handled using only one M5 chart


Main Features

  • FIFO compatible. Only one order at the same time is opened on each symbol. No martingale, grid, hedge techniques.
  • Can be profitable with several pairs and the correlation of the results between different pairs is very low. This means that it is profitable working with more than one pair at the same time.
  • Lightweight CPU consumer. The system only runs at the first tick of a new bar.


Parameters

ORDER SIZE PARAMETERS

  • Fixed_Order_Size. Order size in lots. Used if the parameter 'FREE_BALANCE_FOR_EVERY_001_Lots' is zero.
  • Balance_For_Every_001_Lots. If you set here a value > 0, for example 1000, the size of the trade will be 0.01 lots for every 1000 of free margin.
  • Autolot_Balance_Percentage. Define the percentage of your account balance to assign (0-200.0).

LIVE TRADE PARAMETERS

  • Pairs_List. The list of pairs to trade. You must use the semicolon character (;) to separate the pairs selected.
  • Start_Trade_Hour / End_Trade_Hour. At this hour (included), begins/ends the period for opening new orders (value between 0 and 23).
  • Live_channel_period. Period used to calculate the signal channel. Values between 20 and 200 are recommended. You can enter more than one value (up to 9), separated by semicolon (;), to launch different combinations.
  • Live_channel_size. Relative size of the signal channel. Values between 0.5 and 1.5 are recommended. You can enter more than one value (up to 9), separated by semicolon (;), to launch different combinations.
  • Live_sl_multiplier / Live_tp_multiplier. Multiplier applied to the SL/TP distance. Values between 0.5 and 2.0 are recommended. You can enter more than one value (up to 9), separated by semicolon (;), to launch different combinations.
  • Max_Spread_pt. The EA will not open orders above this spread. Put this value in pips.
  • Apply_FIFO_Compliant. set 'yes' ONLY if your account is FIFO compliant (and launch only in 1 timeframe).
  • Order_Comment. Define the value of the order comment. Special key words: #period #magic.

TEST PARAMETERS

  • Test_Start_Trade_Hour / Test_End_Trade_Hour. At this hour (included), begins/ends the period for opening new orders (value between 0 and 23).
  • Test_channel_period. Period used to calculate the signal channel. Values between 20 and 200 are recommended.
  • Test_channel_size. Relative size of the signal channel. Values between 0.5 and 1.5 are recommended.
  • Test_sl_multiplier / Test_tp_multiplier. Multiplier applied to the SL/TP distance. Values between 0.5 and 2.0 are recommended.
Ugur Oezcan
6134
Ugur Oezcan 2018.02.02 16:48 
 

Horrible until weeks only losses with recommende setting files for eurchf. no trailing stoploss no, breakeven SL. for this Price.

update 02.02.2018:

I test again now 4 week looks until now more stable results. I have feeling trades open more restrictive. will update in 4 weeks stars again

Chang Wei Li
118
Chang Wei Li 2017.08.08 10:25 
 

User didn't leave any comment to the rating

clator
47
clator 2017.02.22 20:52 
 

Really great EA!! You need some previous work to set it up. High quality product as well as the support.

Danish_Trader
145
Danish_Trader 2016.08.31 15:04 
 

The EA is profitable with my own settings.

However be aware that if you use the author's settings, it will underperform badly compared to the results of his signal.

Bart Van Herck
434
Bart Van Herck 2016.08.27 18:44 
 

Ive been using this product for 2 months now, You need to know a bit about Forex, This is not just an EA that you run, You need to do alot of work before you can run it.

Well its performing nicely now and its running 24/5 currently but the EA comes with no setfiles so you need to setup and backtest everything yourself.

This is not a bad thing, If everyone is going to use this night scalper with the same settings its not going to work out on the long run so its better to have all different settings.

For me its a 5 Star, Like always the EA is top Quality and the support also top quality.

bullish15
720
bullish15 2016.03.19 23:44 
 

Okay.... after having being testing this on my live account for a month now. I'm ready to give this EA a 5 star... I will update my review if anything changes on my end.I start off with 0.01 lots on my live account and now I'm up to 0.04 and I'll increase the lot size to the recommended lot size as my confidence in the EA grows with time. But as of now... it's an excellent EA and gets my thumbs up!

Update: I've increase my lot size to 0.8, very good EA.

Version 4.0 2019.02.19
- better manage of the open orders
- improvement of the opening algorithms
- manage the trades from only 1 timeframe
Version 3.1 2018.12.31
- Random_On_Test parameter added: In live, the expert uses a random offset for the position of the SL and TP. While testing, this option can be disabled with this parameter.
Version 3.0 2018.12.22
- improvement of the general performance
- added the option to track the orders opening conditions (spread and slippage)
Version 2.6 2018.01.31
- In live trading, all the desired pairs are managed with only one chart for each timeframe.
Version 2.5 2017.09.19
- launch the different 'waves' of the pair from one chart
- only launch one order for every 'wave' (instead up to three)
- changes in one of the setup algorithms result in more trades than previous versions
- do not open any trades on Friday afternoon to avoid a weekend gap and bad spreads at the opening of a week.
Version 2.4 2016.03.30
- general improvement of the algorithms for get better performance
- option to set the number of 'wave' to be able to launch several combinations of the same pair and same timeframe on different charts.
- option to set the size of the trade in relation to the free margin
Version 2.1 2016.01.21
- added more timeframes: M15, M30, H1
- improved version of the entry and exit algorithm