Multi-currency night scalper - Night Scalper Multi
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Multi-currency night scalper - Night Scalper Multi
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
The
Night Scalper Multi
multi-currency night scalper trades until 0 am terminal time within a narrow range
(r)
, determined using the
Bollinger Bands
indicator.
Position is opened after the hour specified in
Start
, and if there are no open positions on the symbol.
Buy, if price is lower than the lower boundary of
Bollinger Bands
and channel is smaller than the range specified in the
Razmah
variable.
Sell, if price is above the upper boundary of
Bollinger Bands
and channel is smaller than the range specified in the
Razmah
variable.
Positions are closed by stop losses or force-closed after 0 am.
Trades with the help of the
SymbolTrade
function and uses the
СTrade
class:
Trade operations are performed on new bar.
Settings:
Fig1. The result of the EA trading. EURUSD, H1
Fig.2. Deals of the EA in the journal
Fig.3. Results of the EA trading and optimization from 11.01.2016 to 13.09.2016. USDCAD, GBPUSD, NZDUSD, H1
Tips:
The EA is recommended for use as a trading assistant and for developing your own strategies.
