The strategy is based on retracements during night-time.
Built-in filters are used for entering positions.
It is recommended for use on EURCHF, GBPCHF, USDCHF, EURAUD, M5 timeframe.
It can also be used on other currency pairs after additional testing and optimization.
It is possible to work with a fixed and auto lot size.
The EA is able to operate according to the FIFO rule.
No martingale or grid. All trades are protected by stop loss.
Real account monitoring: https://www.mql5.com/en/signals/author/bebikovi
- Show Info Panel - show information panel;
- Trade Comment - trade comment;
- Auto MM - calculate the lot automatically (on the basis of the Risk parameter);
- Risk - lot size calculated based on free margin;
- Lot - fixed lot;
- Stop Loss - stop loss;
- Take Profit - take profit;
- Slippage - slippage;
- Magic - trades ID.
- Max Allowable Spread - maximum allowed spread;
- Max BUY Orders - maximum number of open buy positions;
- Max SELL Orders - maximum number of open sell positions;
- Use FIFO Rules - use the FIFO rule.
- Winter GMT Offset - server time zone (standard time);
- Start Hour - operation start hour;
- Start Minute - operation start minute;
- End Hour - operation end hour;
- End Minute - operation end minute;
- Monday Start Hour - operation start hour on Monday;
- Monday Start Minute - operation start minute on Monday;
- Friday End Hour - operation end hour on Friday;
- Friday End Minute - operation end minute on Friday;
- Close position on Friday - close position on Friday.
- Before using on a live account, test the EA with minimal risk;
- Use a VPS server;
- Low spreads + low commission + high quality execution are important when choosing a broker to trade.