• Overview
  • Reviews (3)
  • Comments (27)

SpotLight EA

This is a multi-strategy EA. In the night scalping mode, the filters filter a trend-free range market environment and trades are placed in the opposite direction at the edges of the range. With an additional main trend filter in the trend-following mode, you can also trade pull-backs during trends on the day.


Recommendations

  • Pairs: EURUSD, other major pairs can be used after optimizing the parameters
  • Broker: It is recommended to use an ECN low-spread broker
  • Minimum Leverage/Deposit: 1:100 / $100
  • Risk: <20 low risk <40 middle risk >40 high risk


Benefits

  • No martingale, no grid, no hedging
  • Equity protection by fixed Stop Loss and hidden SL application
  • Integrated News filter prevents trading during important relevant economic news


Inputs‌

  • Trading Hour Start - EA operation start hour
  • Trading Minute Start - EA operation start minute
  • Trading Hour End - EA operation end hour
  • Trading Minute End - EA operation end minute
  • Use Close Time Mode - if true, then close time mode will be taken into account in trading
  • Close Hour - hour, in which the EA closes open trades
  • Close Minute - minute, in which the EA closes open trades
  • Allowed Spread - max allowed spread
  • Slippage - max allowed slippage
  • Use Money Management - true means trading with automatic lot size calculation
  • fixed LotSize - if Money Management is false, then trade with this fixed lot size
  • Risk - automatic lot size calculation. For example, risk 20 means 0.02 lot per $100 free margin
  • max Lotsize - max allowed lot size per trade
  • Magic Number buy - magic number buy trade
  • Magic Number sell - magic number sell trade
  • Order Comment - set your trade comment
  • Use Swap Filter - if true, then the swap will be taken into account
  • Minimum Swap - choose minimum swap value
  • YMinutesRange - amount of time in minutes to midnight, in which the swap should be taken into account
  • Trend Filter Period M5/M15/H1 - period trend filter timeframe M5/M15/H1
  • RSI Filter Period - period RSI indicator
  • Indicator Buy Value - min RSI value to open buy trades
  • Indicator Sell Value - max RSI value to open sell trades
  • Vola Filter Period - period volatility filter
  • Vola Filter min - min allowed value volatility filter
  • Vola Filter max - max allowed value volatility filter
  • Bandwidth Filter min - min allowed value bandwidth filter
  • Bandwidth Filter max - max allowed value bandwidth filter
  • Use Maintrend Filter - if true, then both main trend filters will be taken into account
  • Maintrend Period fast - fast period of the first main trend filter
  • Maintrend Period slow - slow period of the first main trend filter
  • Maintrend Filter Period - period of the second main trend filter
  • Maintrend Filter min - min allowed value of the second main trend filter
  • MaxOpenTrades - max allowed number of buy or sell trades
  • TradesFrequencyMins - time interval in minutes between opening trades
  • TP Factor - factor to determine the Take Profit and depends from vola filter
  • SL Factor - factor to determine the Stop Loss and depends from vola filter
  • TP min in Points - min Take Profit in points
  • TP max in Points - max Take Profit in points
  • SL max in Points - max Stop Loss in points
  • Use Safe Mode - false means trading without safe mode indicator
  • Safe Mode Indicator Period - safe mode indicator period
  • MondayAM true - if true, then trading on Monday AM is possible
  • MondayAMStartTime - start time trading Monday AM
  • MondayAMEndTime - end time trading Monday AM
  • MondayPM - if true, then trading on Monday PM is possible
  • MondayPMStartTime - start time trading Monday PM
  • MondayPMEndTime - end time trading Monday PM
Day filter settings for other days are similar.
  • UseNewsFilter true - if true, then news filter is active
  • CloseAfter_BeforeMins - if true, then already open trades will be closed at start of news period and new trades will not be opened until the end of news period; if false, then already open trades remain open at start of news period and new trades will not be opened until the end of news period
  • SymbolsToCheck - news relevant currency can be set
  • UseHigh/Medium/Low/Impact - if true, then high/medium/low impact news will be considered
  • High/Medium/LowBeforeMins - suspend trading from x minutes before high/medium/low impact news
  • High/Medium/LowAfterMins - suspend trading until y minutes after high/medium/low impact news

A more detailed description of SpotLight can be found in this SpotLight-Blog

You can see a live monitoring for SpotLight signals: My Livetrading Signals

Staffan Ofwerman
1734
Staffan Ofwerman 2018.10.23 09:06 
 

I am using this on a live account and it is doing a great job.

Rob Marchant
130
Rob Marchant 2018.09.17 00:51 
 

Been testing for 3 weeks on a vps demo account and so far with great results, going live now will keep you posted :)

Diego Zancoli
195
Diego Zancoli 2018.06.14 07:27 
 

I congratulate Thomas on the new EA. Right now the market is very volatile at night, and SpotLight is doing very well.