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REGISTER PARTICIPANTS Expert Night Scalping Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 10, 2020.

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  1. James Goldman

    James Goldman Moderator
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    night-scalping-logo-200x200-7104.png

    The NIGHT SCALPING EA works during so-called night flat when quotes are slightly changed.

    The EA opens series of differently directed trades depending on a movement character. Every trade closes by take profit, stop loss or by time. The EA uses filters to exclude trading in case of a strong movement.

    Preffered currency pairs: GBPUSD, USDCHF (pairs with small spreads are recommended). The Expert Advisor determines four- and five-digit accounts automatically. The robot uses the magic number in order not to interfere with unrelated orders (positions).

    Settings
    • risk — risk as percentage of free margin (recommended value is 5% when leverage is 1:100);
    • lot — trading lot (used if risk <=0 or >100);
    • tp — take profit in points (default value is 10);
    • sl — stop loss in points (default value is 70);
    • delta — threshold level to open trades (default value is 5);
    • delta_max — maximum threshold level to limit trades opening (default value is 40).
    Important: do not use this Expert Advisor when some important news articles are expected in order to avoid drawdown.




     
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