Night time Scalper™ – Set up Information – Buying and selling Methods – 5 October 2024

Welcome to Night time Scalper™!

If you have not already, test it out on the MQL5 market right here: NIGHT SCALPER ON MQL5 MARKET

Here is a brief information on find out how to get began.

1. The right way to buy EA’s 

When you’ve by no means bought an knowledgeable advisor from the MQL5 market, please comply with the directions supplied by the hyperlink beneath:

https://www.mql5.com/en/articles/498

2. Parameters of Night time Scalper™

// Common EA Settings

– Magic quantity – Distinctive identifer positioned on any trades, that helps the knowledgeable advisor to determine it is personal trades. No want to alter this.

– Max slippage in factors – Do solely change this, if what you are doing.

// Danger Settings

– Calculate lot measurement mechanically – If set to ‘true’, Night time Scalper will mechanically regulate the lot measurement, because the steadiness will increase [RECOMMENDED SETTING: TRUE]

– Use highest steadiness reached for lot calculations – Will calculate lot measurement, utilizing the all time highest steadiness [RECOMMENDED SETTING: TRUE]

– Select Danger Mode – Selected how aggressive your buying and selling type needs to be

– Lot measurement will improve for each XX – If above enter is about to ‘CUSTOM RISK’, then Night time Scalper will use calculate lot measurement based mostly on steadiness divided by this quantity * Variety of orders to put

– Fastened lot measurement (if auto lot = false) – If ‘Calculate lot measurement mechanically’ is about to false, this lot measurement might be used on all trades

// Order Inputs

– Cease loss in pips – Stoploss set in pips

– Variety of orders to put  – The variety of purchase and promote orders to put, each time Night time Scalper trades

– Max. take revenue in factors – Night time Scalper determines takeprofit dynamically, however this setting can set a most takeprofit in factors

– Min. take revenue in factors –  Night time Scalper determines takeprofit dynamically, however this setting can set a minimal takeprofit in factors

– Use dynamic orders – Order entry worth will change dynamically, till the order is activated [RECOMMENDED SETTING: FALSE]

// Buying and selling Inputs

– Buying and selling begins from hour – Time of day when Night time Scalper will begin buying and selling [RECOMMENDED SETTING: 23 for GMT+2 Brokers. Adjust accordingly]

– Buying and selling might be lively for XX hours – What number of hours from above setting, that buying and selling might be activated [RECOMMENDED SETTING: 2]

– Trades might be open for XX hours – What number of hours, activated trades might be open, earlier than they shut [RECOMMENDED SETTING: 3]

– Commerce on Friday – Whether or not or to not activate buying and selling on Friday evening. Setting to true can result in trades being open over the weekend. [RECOMMENDED SETTING: TRUE]

– Shut trades in revenue when buying and selling ends – Shut worthwhile open trades, when buying and selling is deactivated. [RECOMMENDED SETTING: FALSE]

– Solely transfer TP on shedding trades – Night time Scalper makes use of a wise takeprofit system, to scale back threat. If that is set to ‘true’, the TP is just adjusted, if the commerce is in a loss. [RECOMMENDED SETTING: FALSE]

3. Additional info

Keep in mind that Night time Scalper is, because the identify implies, an evening buying and selling knowledgeable advisor. Most days could have trades, however some day is not going to. So have persistence and long run lifelike expectations!

Glad buying and selling!