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Evening Scalper Pro 2.29 MT4

Evening Scalper Pro

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EA has live track records with low drawdown:

Live signal – Best Pairs

Live signal – All Pairs

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!):
      1. https: //ec.forexprostools.com
      2. https: //www. worldtimeserver.com
      3. 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
    Evening Scalper Pro

    FILE DIRECT READY FOR DOWNLOAD



    Evening Scalper Pro 2.29 MT4



    ZIP Password = getforexea.com (Lower Capital)ZIP Password = getforexea.com (Lower Capital)

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