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Night Scalper EA MT5

The Night Scalper EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimized settings.

Features

  • Fully automated
  • High win rate aggressive scalping
  • Risk money management
  • Always a stop loss in place
  • This system is NFA/FIFO compliant
  • All you need is a VPS


Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of fixed lots per trade if money management is off. Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk, true/false.
  • MoneyManagementRisk - Risk per trade if money management is on. Values from 0.01 to 0.1.
  • AllowNewTrades - Turn this of to disable new trades, true/false.
  • AccountProfitLock - If money management is on the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance). Values from 0.0 to 1.0.
  • PositionComment- Allows you to set the position comment.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • CloseTimeFrame - Timeframe to use when looking to close positions.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • TakeProfit - The take profit (Setting to 0 disables). Values from 0 to 100 depending on the pair being traded.
  • StopLoss - The fixed stop loss visible to the broker - Values 25 to 200 depending on the pair being traded.
  • GMTOffsetHours - Offset in hours for your broker's time zone - Values -12 to 12.
  • StartCandleHour - Start bar hour - Values 0 to 24.
  • EndCandleHour - End bar hour - Values 0 to 24.
  • RSIPeriod - The RSI period used as entry signal - Values 1 to 40.
  • RSIThreshold - The RSI threshold used as entry signal (Setting to 0 disables) - Values 0 to 40.
  • RSIThresholdBuy - The RSI threshold used as entry buy signal (Setting to 0 disables) - Values 0 to 40.
  • RSIThresholdSell - The RSI threshold used as entry sell signal (Setting to 0 disables) - Values 0 to 40.
  • RSIClosePeriod - The RSI period used as close signal - Values 1 to 40.
  • RSICloseThreshold - The RSI threshold used as close signal (Setting to 0 disables) - Values 0 to 40.
  • RSICloseThreshold2 - The RSI upper threshold used as close signal (Setting to 0 disables) - Values 0 to 40.
  • TakeProfitReductionMins - The reduction of TP in minutes - Values 0 to 1000.
  • TakeProfitMin - The minimum TP for reduced TP over time - Values 0 to 10.
  • ClosePositionsFriday - If enabled open positions are closed on Friday at the set time, true/false.
  • ClosePositionsFridayLastHour - The hour to close positions on Friday - Values 0 to 24.
  • ClosePositionsFridayMinutes- The minute to close positions on Friday - Values 0 to 59.


Optimization & Defaults

Default input values are for EURUSD M15. If optimizing, optimization of RSIPeriod, RSIThreshold, RSIClosePeriod and StopLoss are needed to find the best results.

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Lachezar Krastev
4.88 (49)
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Guillaume Duportal
4.92 (38)
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Tajammul Hussain
4.56 (9)
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Nasdaq Quants NAS100
Teresa Maria Pimenta
Nasdaq Quant NAS100  We accept copyright proposals if you want to own Ea Expert Nasdaq is a Dynamic and Optimized Scalper Trading System Designed to Profit Safely Complete system with risk management based on neural networks optimization and smart lot increase system based on balance profit is suitable for beginners and traders experienced. Use Mobile Pending Orders And Take Advantage Of Market Pullbacks So You Can Offer A Shorter And Safer Stop You Can Cover Your Winnings Use Default Sett
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Robots4Forex Ltd
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Custom EA MT5
Robots4Forex Ltd
Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
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