Night Wave is a fully automated Expert Advisor using Relative Strength Index and Volumes during the night time to trade, that is the time between New York Market closed and before Tokyo Market opened. Algorithm of this EA detect sudden rise in volumes with help RSI overbought oversold level to determine waves movement.
This automated robot is tested in EURUSD M5 time frame, but also can be used for another time frames and another currency pairs. This EA does not use martingale, grid or averaging. All opened orders are based on indicator signal and protected by fixed stoploss.
- Expert Name - EA name and trades comment.
- Magic Number - EA identification number to identify trades.
- Fixed Lot Size - Fixed lot size.
- Activate Auto Lot Size - True if you want to activate auto lot size calculation.
- Auto Lot Risk - risk calculation to calculate auto lot size.
- Stop Loss - Stop Loss.
- Trailing Start - Pip distance to trigger trailing order.
- Max opened orders at once - This is maximum orders to open.
- Slippage - slippage.
- Max Spread Allowed - if spread goes higher than this value, EA won't trade.
- RSI period - Relative Strenght Index period
- RSI upper level - RSI overbought level
- RSI lover level - RSI oversold level
- Volume different - Volume different
- Weekly days - set true if you want to trade on that day.
- StartTime - Start time entry. Default value is New York Market close.
- StopTime - Stop time entry. Default value is Tokyo Market open.
- Low spread.
- Low commissions.
- Account leverage at least 1:200
- 24/7 VPS hosting with low latency
Version 1.1 2018.09.08
Add time filter