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The Midnight Scalper

Midnight Scalper is based on a sound trading principle. It is made to trade during times when the market is at low volatility. From 23:00 to 00:00 is best. 

It uses multiple indicators for precise entry and exits with a basic fixed stop loss and take profit as part of its money management strategy.It does not put your funds at high risk with such methods as martingale, grid, averaging positions or no stop loss trading. ECN broker is required with a tight spread and low commission.

NOTE : After as has been pointed out in comments the spread widens at 00:00 till 01:00 then reverts to a smaller spread. When I first realised this system I overlooked this fact. I have since made the EA so it will not open a trade at 00:00 - 01:00. So, now the default of 23 is preferred.

Features :

  • Based on a sound trading principle.  
  • A purely mechanical system. Simply set and leave.
  • No martingale, grid averaging or no stop loss trading.
  • Risks are small per trade.  
  • An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
  • Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. To find broker execution speed we press button Execution Reading.  

Settings :

Magic Number & Slippage   

  • Magic Number - A unique value to this EA so that if used alongside other EA's within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
  • Slippage - If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.  

Lot Size

  • Lot Size - Adjusts the size of trade exposure we have. EG 0.10 on the EURUSD will mean every micro incremental point move will equal 10 pence. 

Spread

  • Maximum Spread - Allows only trades when market is less than or equal to the spread as input by user.

Trade Management

  • Stop Loss - Sets the size of stop loss from opening order price in points.
  • Take Profit - Sets the size of take profit from opening order price in points.

Money Management

  • Money Management - True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
  • Risk Percentage - Percentage we risk per trade. EG 1 = 1% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.

Start Hour

  • Start Hour - The hour of day you want the EA to start trading. DEFAULT 23 IS BEST SETTING!    

How to trade this product : 

I have set this EA to use the following settings :

Stop Loss = 500

Take Profit = 500

Trading Requirements : 

Best Market :

EURGBP

Other Markets : 

EURUSD, EURCHF, , GBPUSD  CHFJPY, EURAUD, USDCAD.

Ideal Timeframe :   

15m timeframe is best though experimentation with other timeframes is encouraged.   

Unlike ZZ Scalper this is not highly broker sensitive but the following requirements will still improve performance : 

A broker with fastest execution of < 150ms is preferred. We use the execution reading button on panel to find brokers speed. 

Low spread typically EURUSD 0 to 1-2 points (Not Pips but points!)

Low Commission

Stop level = 0 

True ECN   

Fast VPS















































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Ho Tuan Thang
5 (2)
ONLY 3 COPIES OUT OF 10 LEFT AT $199! After that, the price will be raised to $299. (*) IMPORTANT NOTE: To be able to back test the EA or install the EA correctly to be able to trade normally. You will need to allow EA access to the GPT API in addition to installing other news-related websites. For details, please contact me to receive specific installation instructions. Gold Quantum AI is an EA that I have used for a long time, specializing in the fund accounts I manage for clients. The EA is
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Inrexea Limited
5 (1)
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TrendMaster FX MT4
Chen Jia Qi
4.88 (16)
Live signal :   TrendMaster FX The MT5 version : TrendMaster FX MT5   Atualmente, há uma promoção de teste para o nosso EA. Após a compra, entre em contato conosco para obter acesso ao "Gold Garden" ou "AI TradingVision GPX". Para mais informações, por favor entre em contato conosco. Pares de moedas recomendados: GBP/USD (GBPUSD) USD/CAD (USDCAD) EUR/USD (EURUSD) Configurações de risco: Para traders agressivos, o risco máximo é definido em 0,15. Para traders mais conservadores, especialmente aq
US30 Scalper EA MT4
Lo Thi Mai Loan
5 (6)
Promoção de lançamento! Restam apenas algumas cópias ao preço atual! Próximo preço: 1533 $ Preço final: 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:   https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news O US30 Scalper EA
Boring Pips MT4
Thi Thu Ha Hoang
5 (12)
Você já se perguntou por que a maioria dos consultores especializados não é eficaz nas negociações ao vivo, apesar de seu desempenho perfeito nos testes retrospectivos? A resposta mais provável é over-fitting. Muitos EAs são criados para 'aprender' e se adaptar perfeitamente aos dados históricos disponíveis, mas falham em prever o futuro devido à falta de generalização no modelo construído. Alguns desenvolvedores simplesmente não sabem da existência do over-fitting, ou sabem, mas não têm uma
AW Classic MACD EA
AW Trading Software Limited
3.67 (3)
Sistema de negociação totalmente automatizado. Um indicador clássico é usado como sinais       MACD   , que combina um indicador de tendência com um oscilador para detectar pontos de entrada. Utiliza a média, a função de fechar o primeiro e o último pedido da cesta e a função de cálculo automático do lote. Possui um painel avançado e três tipos de notificações. Problem solving ->   HERE  / MT5 version ->  HERE   /   Instruction  ->   HERE   Benefícios: Sistema de negociação totalmente automat
Btcusd Grid
Ahmad Aan Isnain Shofwan
TCUSD GRID EA é um programa automatizado projetado para usar a estratégia de negociação em grade BTCUSD GRID EA é altamente útil tanto para iniciantes quanto para traders experientes.   Embora existam outros tipos de bots de negociação que você pode usar, a natureza lógica da estratégia de negociação em grade torna mais fácil para os bots de negociação em grade criptográfica realizarem negociações automatizadas sem problemas.   BTCUSD GRID EA é a melhor plataforma geral para usar se você deseja
Este EA foi originalmente nosso EA premium de uso interno, agora oferecido para todos após melhorias adaptativas. Ele utiliza padrões estáveis de fusos horários, gera ordens quase diariamente com uma taxa de acerto muito alta e é particularmente adequado para clientes com menor capital. Testes retrospectivos usando o modo "Cada tick baseado em ticks reais" do MT5 produzem resultados muito semelhantes ao trading ao vivo, sem ajustes e mostrando estabilidade a longo prazo, o que indica uma estrat
TopBottomEA
lizhi fu
4.67 (48)
TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
EA Top G
Mohamed Hassan
5 (9)
Current price of $50 for a limited time! Next price is: $85 Live Signal : Click here  -- Don't buy a fake backtest, get a real strategy on a real signal!  After purchase, If you genuinely like this robot, you can receive EA Interceptor for Free ! Contact me for more information regarding this BONUS ! EA TOP G  is a multi-currency expert advisor  based on trend following . It uses a hedge system with a very good risk management. It's an ideal candidate for CENT accounts and big balances. It
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The Triangular Breakout looks for when there is a volume spike followed by a 3 bar break. It then draws arrow when price breaks out of the recent high or low of the 3 bar pattern. We also look for triangles that form when price fractals converge. It also will draw arrows when price breaks out of the recent high or low of this triangle pattern. There are alerts set for when either we get a 3 bar break or triangle or when we get an arrow.   According to DOW theory triangles are really momen
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Trend Line Finder will project forward a support and resistance lines using 2 previous highs for resistance and 2 previous lows for support.  It will then signal to the trader by alert making the trader more aware that a possible good move is about to happen.     This is not a stand-alone trading system but is very useful in finding key areas of support resistance levels where price will usually either rebound from or breakthrough. Its down to the trader to decide what to do with use of other s
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Elliot's Triangle is taken from 1 of the 13 patterns within the Elliot Wave Theory that says social or crowd behaviour tends to reverse in recognisable patterns and of which they reveal a structural pattern that appears in nature, as well as the mass psychology of trading participants. From this, he has devised various identifiable patterns that appear in market prices. One of these is what I have named Elliot's Triangle. This triangular pattern appears to reflect a balance of forces, causing
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Triple X Scalper is based on 3 types of triangular price patterns along with some volume analysis. It also must be traded at the times in day when the market is most active. The method is inspired by some of Linda Bradford Raschke's trading techniques.  The 3 price patterns are as follows :  System 1 Inside Bar = Looks for a volume spike followed by the inside bar formation. Also known as my indicator 3 Bar Break.  System 2 Triangle by Fractal = Looks for when the 2 previous highest and low
Three Bar Break EA
Stephen Reynolds
DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
Hi Lo Breakout
Stephen Reynolds
A system with steady ROI > 10% a month like clockwork!  Hi Lo Breakout strategy opens and closes trades based on the time of day in relation to the highs and lows of both yesturday and today. It will then trade out these prices using the trade management settings within user inputs.    For best results see .set file at comment  no2 . Features : A purely mechanical system. Simply set and leave. No martingale or grid.    Risks are small per trade.   An optional automatic lot adjustment feature t
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3 (1)
This indicator is based on Linda Bradford Rashkes First Cross system. Normally trend based systems follow the trend from beginning to end, but this indicator instead selects a piece of the trend. This approach can be a very reliable alternative way of trading a trend. It waits for the 1st move to become exhausted then enters in anticipation of a sudden surge. The trend if found using a faster momentum indicator. When we get a cross on the 2nd oscillation we get our signal. Hence we capture
Trendy Trader
Stephen Reynolds
Unlike a standard moving average, trendy traders unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow thereby making your trading decisions more confident.  Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a bearish trend. The trader is then given 2 levels of take profit and a stop loss on each new signal. It can also be added to other trend-following systems for better per
Trendy Trader EA
Stephen Reynolds
In the trading world a golden rule that stuck with me is "hold on to your winners and cut your losers short". This golden rule is how this EA gains a positive advantage.  The EA is based on the indicator Trendy Trader. As stated unlike a standard moving average this unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow. Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a
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Versão 1.1 2021.07.01
1) A distance of stop loss and take profit from openorderprice were the wrong way around which was stopping a buy order being placed.

2) Noticed the markets have a wide spread at 00:00 to 01:00. I have made the EA only close orders after this time.