Algo Trading Night EA

AlgoTradingNightEA MT4 is a fully automated Expert Advisor designed for trading various currency pairs, such as USDCHF, EURUSD, GBPUSD, and others. Tailored for evening trading during low-volatility periods, this EA leverages advanced filtering techniques to improve trade precision and reduce risk.

About Author and Vendor Link

Ivan Bebikov is the developer of this EA tool and has 9 years of experience in the forex market. He has released two Expert Advisors and holds an average rating of 4.5.

Vendor Link

Key Features

• Fully Automated Trading: AlgoTradingNightEA MT4 is designed to trade multiple currency pairs automatically, requiring minimal intervention.
• Evening Price Deviations: It capitalizes on price movements during low-volatility evening hours to maximize trading opportunities.
• Advanced Filters: The EA uses sophisticated filters to avoid unprofitable trades and employs an additional filter to close positions before reaching the stop loss.
• Risk-Free Strategies: It avoids risky approaches like Martingale, grid, or hedging, ensuring safer and more consistent trading performance.
• Stop Loss/Take Profit Focus: The EA emphasizes the use of well-defined stop loss and take profit levels for effective risk management.
• Stable and Reliable: Ideal for traders seeking a dependable, automated solution for consistent performance in the Forex market.

Recommendations

• Start with a Demo Account: It’s advisable to begin testing the EA on a demo account or with the minimum lot size to familiarize yourself with its performance.
• Test on Your Broker: Conduct tests with the broker you plan to trade with, as results can vary between brokers. For best results, use an ECN account like Pro, Raw Spread, or Razor.
• Testing Period: Limit your backtesting to the last 2-3 years with 100% quality, as older quotes may lack accuracy. This can be observed in the logs during testing, where missing tick data may be reported.
• Installation: Install the Expert Advisor on the USDCHF M5 chart.
• Recommended Pairs: The EA works best with pairs like USDCHF, EURUSD, GBPUSD, EURCHF, USDCAD, and additional pairs. If your broker uses symbols with prefixes or suffixes, update the settings accordingly.
• Timeframe: Set the timeframe to M5 for optimal results.
• Use a VPS: A VPS server is recommended to ensure uninterrupted and stable trading.
• Leverage: A leverage of 1:100 or higher is ideal. Lower leverage is also possible, but you’ll need to adjust the Risk/Lotstep AutoLot value accordingly.

MQL5 Signal Reports

Algo trading: 100% / Profit Trades: 87.9% / Loss Trades: 12.1% / Trading activity: 2.1% / Max deposit load:29.5% / Maximumdrawdown: 17.3%

Growth: 111.58%

Profit: 39.77 USD

Equity: 77.10 USD

Balance: 77.10 USD

Initial Deposit: 49.54 USD

Withdrawals: 67.00 USD

Deposits: 54.79 USD

Strategy Tester Reports

Why choose Algo Trading Night EA?

1. Proven Evening Trading Strategy: The EA leverages low-volatility market conditions during evening hours, providing consistent and reliable results.
2. Advanced Risk Management: It employs sophisticated filters to avoid unprofitable trades and includes a feature to close trades before reaching the stop loss, ensuring capital protection.
3. No Risky Strategies: Unlike many EAs, it avoids high-risk approaches like Martingale, grid, or hedging, focusing on stability and safety.
4. Multi-Currency Compatibility: Optimized for major currency pairs like USDCHF, EURUSD, GBPUSD, and others, giving traders a diverse range of opportunities.
5. Ease of Use: With straightforward installation and settings, it is suitable for traders of all experience levels, from beginners to experts.
6. Customizable Settings: Flexible configuration options allow traders to adapt the EA to their broker’s specific requirements, including handling prefixes or suffixes in currency symbols.
7. Reliable Backtesting Performance: Designed for accurate testing over the past 2-3 years, ensuring that users can evaluate its performance before trading live.
8. VPS Support: Compatible with VPS servers for uninterrupted trading, offering enhanced reliability and efficiency.
9. Optimized Leverage: Works effectively with leverage of 1:100 or higher, enabling better trade execution and profitability.
10. Proven Developer Expertise: Created by Ivan Bebikov, a developer with 9 years of experience in the forex market, ensuring a high-quality, well-tested product.

AlgoTradingNight EA is the perfect choice for traders looking for a dependable, automated solution to achieve steady results in the forex market.

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FAQ

1. What is AlgoTradingNight EA?
   AlgoTradingNight EA is a fully automated Expert Advisor designed for trading multiple currency pairs during evening hours when market volatility is low.
2. Which currency pairs does it support?
   The EA works best with pairs like USDCHF, EURUSD, GBPUSD, EURCHF, and USDCAD. Additional pairs can also be used, provided the appropriate settings are configured.
3. What timeframe should I use?
   The recommended timeframe for AlgoTradingNight EA is M5.
4. Does it use risky strategies like Martingale or grid?
   No, AlgoTradingNight EA avoids high-risk strategies like Martingale, grid, or hedging. It uses stop loss and take profit levels for effective risk management.
5. Can I customize the settings for my broker?
   Yes, the EA allows customization to handle brokers with specific symbol prefixes or suffixes.
6. What leverage is required?
   A leverage of 1:100 or higher is recommended for optimal performance. Lower leverage is possible but may require adjustments to the Risk/Lotstep AutoLot settings.
7. Should I use a VPS?
   Yes, using a VPS is highly recommended to ensure uninterrupted and stable trading operations.
8. Can I test the EA before using it live?
   Absolutely. It is recommended to test the EA on a demo account or with the minimum lot size on the broker you plan to trade with.
9. How far back should I backtest?
   For accurate results, backtesting should cover no more than 2-3 years of data, as older data may lack tick quality.
10. Who developed AlgoTradingNight EA?
    The EA was developed by Ivan Bebikov, an experienced forex trader with 9 years of expertise and a solid reputation in creating high-quality trading tools.
11. Is this EA suitable for beginners?
    Yes, AlgoTradingNight EA is beginner-friendly with easy installation and setup, making it an excellent choice for traders of all experience levels.
12. Does it guarantee profits?
    No trading system can guarantee profits. However, AlgoTradingNight EA is designed for consistent performance with advanced risk management to minimize losses.
13. How can I contact support?
    Support details are provided with your purchase or through the platform where the EA was obtained.