Description
Evening Scalper Pro
EA has live track records with low drawdown:
Evening Scalper Pro is the state-of-the-art mean-reversion trading system that operates during the American trading session. It’s very different from most other scalping systems, since it uses a unique trading logic on cross pairs that have a strong mean-reverting tendency with high profit targets. EA enters the market with market orders from 19 to 23h, it does not open trades during rollover (0:00-1:00). In terms of a trade duration it’s classical scalping: in and out of the trade within a few hours at the most. The EA uses a number of advanced techniques to identify the most accurate points of entry and exit, which is why win rate is high
Supported currency pairs: EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCAD
Recommended timeframe: M5
MT5 version can be found here
EA is FIFO compatible
The EA does not use martingale or grid. It only enters a trade with market orders and uses a stop loss for each trade!
Features:
- One Chart Setup: you only need one chart to trade all symbols
- Multiple currency pairs support
- Doesn’t open trades during periods of low liquidity and bank rollover (0:00-1:00)
- Market execution
- Solid backtest and live performance
- Advanced News Filter
- Stock Market Crash Filter
- Auto GMT detection
- Self Diagnostic System
- Negative Swap Filter
Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers
How to install
- The EA must be attached to ONLY one M5 chart, EURUSD is recommended (because it has the most price ticks)
- If your broker uses a suffix (e.g. EURUSD.a) you should update names in the Symbol parameter
- Use recommended pairs only. You don’t need .set files, all settings are stored internally in the EA
- Please allow web requests to the following URLs for news filter and GMT detection (delete spaces!):
- https: //ec.forexprostools.com
- https: //www. worldtimeserver.com
- http: //timesrv. online
Requirements
- The EA requires good brokerage conditions: low spread and slippage during the rollover time. I advise using a really good ECN broker. Write me personally for advice
- The EA should run on a VPS continuously
Setting
- Allow Opening a new Trade – on/off opening new trades
- Lot-sizing Method – select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use Dynamic Lot parameter, Max Risk per Trade will calculate lots based on % risk per trade, 3 predefined presets will calculate risk automatically for you
- Fixed Lot – fixed trading lot
- Dynamic Lot – balance/equity to be used per 0.01 lot
- Maximum Lot – max allowed trading lot
- Maximum Spread, in pips – max allowed spread for position closing
- Maximum Slippage for a non-ECN acc, in pips – max allowed slippage
- Maximum Symbols at a time – max allowed number of symbols that can be opened at the same time
- Allow to Buy/Sell – on/off Buy/Sell trades
- Maximum Drawdown Percent – if current floating drawdown exceeds the specified % the EA will close open positions
Strategy
- Symbols separated by comma – list of pairs to trade. Suffix needs to be included if your broker uses one!
- Hour to Start/Stop Opening Orders – when the EA can start/stop opening new orders. Set Smart Time Filter to false if you want to optimize these parameters
- Smart Time Filter – on/off smart time filter
- Hour to Stop Trading (on Friday) – hour to stop trading (on Friday). All open positions will be closed at this hour
- New Year Holiday Filter – on/off Christmas/New Year filter
- StopLoss, in pips – stop loss value in standard 4 digit pips
- Hide StopLoss – on/off SL hiding
- Swap Filter – cancels trading on Wednesday evening in the direction of the negative swap
- Max Negative Swap, in pips – max negative swap
- News Filter Enabled – on/off News Filter
Others
- Trade Comment – comment
- UID (0…9) – unique EA instance number. Usually no need to change it
- ShowPanel – on/off Info-panel
- GMT/DST Test – GMT offset in winter and DST in Tester. This parameter has no effect on live trading
