JPSunriseEA is a multi-currency scalper which works after the US session ends and before the Asian session starts.
Expert Advisor features:
- Does not use any kind of martingale or grid averaging, only a tight StopLoss;
- Works on 15 currency pairs (EURUSD, EURCHF, USDCAD, USDCHF, EURGBP, GBPUSD, EURCAD, EURJPY, GBPCAD, GBPCHF, CADCHF, USDJPY, GBPJPY, AUDCAD, AUDJPY);
- Minimum deposit - $70;
- Minimum lot - 0.01;
- Minimum leverage - 1:100;
- Timeframe - М15;
- Recommended account types- ECN or NDD (the EA cannot be used on standard or cent accounts);
- Ability to use a news filter (we recommend to enable it).
- Working time – 4 sessions per week, starting from a night from Sunday to Monday and finishing at a night from Wednesday to Thursday. The EA does not work on Fridays.
- You can leave it launched on Friday. But the result can be ambiguous. You can gain a large % of profit or loss.
- All settings of the EA are optimized and do not require further optimization.
Brief Description of the EA Operation:
Each currency pair opens its own order which does not depend on orders of other pairs. Orders are closed according to the current spread and a signal specified in the EA's code for each pair. So, depending on your broker and the broker's conditions, trades may differ from monitoring.
Expert Advisor Setup:
- EA_Comment – unique comment to orders assigned to them at the moment of opening;
- MagicKey - magic number. Magic number is chosen by a generator of random numbers. If you attach the EA to several pairs, orders for each pair will be assigned its own magic number automatically;
- Offset_for_FFCal - time shift for the FFCal news indicator (usually set to 0, but some brokers require other values)
- UTC_Offset - time shift of the broker trading server relative to UTC;
- UTC_Open_Hour - UTC of the EA operation start;
- UTC_Close_Hour - UTC of the EA operation end;
- LotSize - lot size when trading with a fixed lot;
- Risk– lot calculation when trading in the Risk mode. Recommended value is from 7 to 10;
- Slippage – slippage;
- Use_NewsFilter - false/true - whether to use the news filter. The news filter takes news from forexfactory.com/calendar.php and stops the EA operation when the most important news about corresponding currency pairs are released.
JPSunriseEA works with almost all currency pairs within the time period of 21:00 -22:00 UTC.
Exception are the following pairs:
USDJPY - operating time from 20:00 to 21:00 UTC
GBPCHF - operating time from 20:59 to 22:01 UTC