multi-currency night scalper - night scalper multi
Info
The multi-currency night scalper - night scalper multi is a Expert Advisor for MetaTrader 5 that the night scalper multimulti-currency night scalper trades until 0 am terminal time within a narrow range (r), determined using the bollinger bandsindicator. position is opened after the hour specified in start, and if there are no open positions on the symbol.
Usage
This tool is typically used for scalping on lower timeframes (M1-M15).
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install 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.
What this tool does
the night scalper multimulti-currency night scalper trades until 0 am terminal time within a narrow range (r), determined using the bollinger bandsindicator.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Advanced Risk Manager: Auto Suffix Detection Multi-Currency Lot Sizer - another powerful expert for MetaTrader 5 traders.
Also recommended: night trading expert advisor - similar expert with strong performance on MetaTrader 5.
thenight 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.
You may also like: night flat trade - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <trade\trade.mqh> // use ctrade class
input string symbol1 = "usdcad"; // symbol1 name
input int stoploss1 = 370; // stoploss1
input int takeprofit1 = 20; // takeprofit1
input int bbperiod1 = 40; // bands period1
input double bbdev1 = 1; // bands deviation1
input double razmah1 = 450; // bands deviation1 in points.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.