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This EA trades mainly at the end of the American session. When creating this Expert Advisor, I used all my experience in creating scalping systems. The EA is not sensitive to brokers. The main thing is that the account type is ECN. In the settings of the advisor, you can change the stop loss in points. Also in the settings of this advisor there are OrdersG, this parameter allows you to stretch the position by several orders, improving the quality of entry. EA has a stop loss for each position.
This stop loss is set by the advisor just in case to protect positions. This stop loss is not used as a method for closing positions. The EA never waits for a stop loss, if something went wrong, it will close the deal itself. But if, nevertheless, the price reaches the stop loss in a short time, for example, abnormal volatility as in March 2020, then the loss will be equal to the percentage set in the settings. so that we can easily control the risk. After each successful or unsuccessful transaction, the advisor stops working on that day and continues only the next!
The EA works only on EURCAD M15.
It is very important to set your broker GMT correctly. if your broker has GMT = 2 in winter, then leave the value 2 in the GMT field. No need to change in summer. The advisor will do it himself.
If you have any questions about setting your broker's GMT or testing, feel free to write to me in private messages or in the comments here.
The Expert Advisor is very easy to set up. It has no files installed. Place it on the EURCAD M15 chart and include your broker's GMT. Then click OK and start trading.
if you need to use a fixed lot you need to set risk = 0. not stop loss = 0. if you set risk = 2, then when stop loss is reached, the loss will be equal to the risk
Before you buy a night scalper please be aware of the risks involved:
1) Past performance is no guarantee of future profitability (the EA could also make losses).
2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading.
3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but still execution of the SL depends on your broker.
4) Night scalpers are dependent on good brokerage conditions, like low spread and slippage, which might be worse on high lot sizes.