Night knight expert advisor
Night knight EA is a fully automated EA, which trades based on price crosses with Envelope indicator. Each open position is protected by an SL&TP to minimize a possible drawdown. The Expert Advisor allows you to trade a fixed lot, as well as includes the money management unit for automatic lot calculation based on the preset risk per trade. I recommend that you use an ECN or VIP account with low spread and fast execution (3 and 5 digits).
- Smart stop order;
- Smart profit fixing step algorithm;
- Fixed and automated lot based on MM;
- Trade while you sleep;
- No hedging;
- No grid, martingale or arbitrage;
- Low trading drawdown;
- Easy to set up.
- Symbols: EURUSD, GBPUSD, EURGBP, and may be more if you search.
- Time frame: H1, M30.
- Minimum deposit - $50.
- Advised deposit - $10 000
- Account type: ECN, VIP.
- Spread - less than 1 pip.
- Risk% - risk value in %.
- Take Profit - take profit level in pips.
- Stop Loss - stop loss level in pips.
- If GMT+2 time zone(WH1) - trading start time, hour, it is 22 if your broker time zone is (GMT+2).
- If GMT+2 time zone(WH2) - trading end time, hour, it is 1 if your broker time zone is (GMT+2).
- Slippage - slippage value in pips.
- Magic Number - unique ID of the EA's orders.
- Auto Lots(MM) - auto lot size option.
- Use EURUSD H1 or M30 chart for better performance.
- Use Money Management. Recommended risk per trade is 1-20%.
- If you trade a fixed lot: 0.5-2 per every $1 000.
- Use a dedicated low-spread USD ECN or VIP account.