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AlgoTradingNight EA – Analytics & Forecasts – 29 March 2023


A completely automated Skilled Advisor designed for buying and selling on  USDCHF/EURUSD/GBPUSD/EURCHF/USDCAD/GBPAUD/CADCHF/EURAUD/AUDCHF/GBPCHF forex pairs.

The technique is predicated on value deviations within the night, at little risky time.

The EA makes use of adaptive filters to forestall doubtlessly unprofitable trades (will probably be replenished with further filters sooner or later).

The Skilled Advisor makes use of an extra adaptive filter to exit the place earlier than the cease loss is reached.

MT5 model is accessible right here: https://www.mql5.com/en/market/product/84219

MT4 model is accessible right here:  https://www.mql5.com/en/market/product/86753

Monitoring of actual buying and selling Advisor – https://www.mql5.com/en/indicators/writer/bebikovi

Earlier than utilizing it, I like to recommend first check 1-2 weeks on a demo account or on an actual one with a minimal lot to make it possible for every part is ready up accurately and there aren’t any errors.

Ceaselessly Requested Questions

What sort of account ought to I exploit?

Suggest a low unfold (Uncooked, ECN) account with at the very least 1:100 leverage. 

What timeframe ought to I exploit?

Please put AlgoTradingNightEA on USDCHF M5 chart and it’ll routinely commerce all of the symbols (with default settings + Full Auto Commerce – true)


Is it FIFO compliant?

With default setting no, it’s not. AlgoTradingNightEA  requires a hedge account to run correctly. 

However it may be used with FIFO, simply set just one Purchase/Promote mode (Enable SellLimit/Enable BuyLimit)


Which model ought to I get? MT4 or MT5?

The algorithm is similar, however because of the specifics of the code implementation, orders might differ. Additionally, within the mt4/mt5 terminal on the identical account / dealer, quotes might differ barely, in addition to delays and PC/VPS workload might have an effect on the consequence


What number of activations do I get?

AlgoTradingNightEA  comes with 7 activations.


How usually do you intend updates?

For now, AlgoTradingNightEA  is an entire product. will probably be up to date as wanted and new concepts seem


Which VPS supplier do you advocate?

I can’t advocate any VPS. Write me pm for added info.


Is there a Telegram group?

No, that is towards the foundations of the market. Full help is supplied within the dialogue part and in personal messages


Is AlgoTradingNightEA   obtainable to buy anyplace else?

No, it’s obtainable solely on MQL5 so in case you discover it anyplace else, it is not going to be a real product. 

Why do I get totally different/worse backtest outcomes?

  1. The standard of market knowledge supplied by your dealer (it varies from dealer to dealer)
  2. The swaps and unfold of every dealer might have an effect on the backtest outcomes
  3. Invalid WinterGMT Offset worth (make it possible for the proper worth is specified. It’s essential to specify the GMT of your dealer (terminal), which is used from November to March. I.e. If the dealer has GMT +3 in summer season (from April to October), and GMT +2 in winter (from November to March), you have to specify Winter GMT Offset = (+2)). On the principle widespread brokers, this worth is +2 (because the default)

Is dwell buying and selling the identical as backtesting?

When you’ve got top quality knowledge supplied by dealer sure, it’s precisely the identical as actual buying and selling (there could also be some variations because of delays and VPS/PC load)


How do I backtest it?

the best high quality testing will be obtained within the mt5 terminal. Within the mode each tick is predicated on actual ticks

For full automated testing mode for all forex pairs specified within the EA settings, specify (Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs) – true), this mode works solely in MT5 tester.

in case you do check at MT4 tester to get extra actual outcomes, I like to recommend utilizing further software program (for particulars, write to me in PM)

in MT4 tester, you’ll be able to solely check every particular person pair. To do that, choose the image on which you’ll check, activate  Full Auto Commerce – and disable buying and selling with all different symbols within the Skilled Advisor settings (in mt5, to check every particular person forex pair, you have to additionally disable buying and selling of all forex pairs within the settings, aside from the one you need to check, you cannot change the image within the tester (go away USDCHF)).

    


What 12 months can I backtest from?

There isn’t any restrict, however earlier in 2016, market situations have been fully totally different (liquidity was very low, and spreads have been very massive) and don’t correspond to right this moment’s market situations.

Methods to begin the knowledgeable:

  1. Run AlgoTradingNightEA  simply on one chart– USDCHF (M5 timeframe and set  Full Auto Commerce – true ). As soon as it’s connected to a chart, it’ll routinely scan charts of different forex pairs and open positions accordingly. 
  2. IMPORTANT! In case you are operating AlgoTradingNightEA on a model new platform – this is what you must do to ensure that it to start out buying and selling:
  • MT5: run backtest from final 12 months so the EA will get sufficient obligatory historic knowledge with a view to gas up a few of its obligatory instruments
  • MT4: click on CTRL + U and add each Main and Minor image into your market watch. Then open H1 chart of each single one among them and go away it on for a minute or two so knowledge will probably be downloaded. Then restart the platform and run the AlgoTradingNightEA  simply on one chart– USDCHF (M5 timeframe and set Full Auto Commerce – true )

Are the default settings good?

Sure, solely want set (Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs) – true) and you’ll change them accordingly to your model of buying and selling for instance by altering “Threat per commerce”


Is there a really useful set file obtainable?

Default settings are really useful +  (Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs) – true) 


What’s the minimal begin stability?

The minimal really useful begin stability is $200


Can AlgoTradingNightEA run alongside different specialists? 

Sure, however please make it possible for all of your knowledgeable advisors have totally different magic numbers and that you simply modify the danger accordingly


How can I improve the revenue?

You’ll be able to improve your revenue by both rising mounted lot or rising threat per commerce within the settings. 


Methods to improve traded lot sizes?

The best strategy to improve the traded lot measurement is by rising the Threat (%) / mounted lot/ LotStep. 

The inputs are described in particulars within the enter part


Methods to repair error 4752?

This error signifies that you simply’ve not enabled auto buying and selling. With the intention to repair this, you must carry out two duties:

Firstly, the “Algo Buying and selling” button on high of your Metatrader terminal needs to be inexperienced (enabled)

Then in knowledgeable settings in “Widespread” part the “enable Algo buying and selling” field needs to be checked 


My symbols have prefix or suffix, what do I do?

If at your dealer Image Title have prefix/sufix please chang image identify at setting!!!


What if my account is in a special forex than USD?

It doesn’t matter what forex is your account in, AlgoTradingNightEA handles it routinely


Methods to repair error “Indicator ‘………’ can not load”?

It means the historical past of charts aren’t loaded, to repair this as soon as open all of the charts of the symbols you included within the image record and let the charts load

Please see an in depth description of all of the inputs of the AlgoTradingNightEA  under:

Foremost timeframe

the principle timeframe for the AlgoTradingNightEA  / indicators used

Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs)

prompts the buying and selling mode for all pairs specified within the enter parameters (to check one of many forex pairs individually, flip off buying and selling with all pairs besides the one you need to check within the enter parameters). At MT4 tester this mode not work.

Checking a brand new bar solely by the principle image

checking a brand new bar solely by the principle image on which the Skilled Advisor is put in (USDCHF)

Magic Quantity

ID of the adviser’s transactions

EA Remark

touch upon the adviser’s deal

Use Steadiness/Fairness for AutoLot

use the stability or fairness  to calculate the lot

Lot calculation mode

lot calculation methodology 

 – Use Threat for AutoLot

 – Use LotStep by stability

 – Use Repair Lot

Lot Step AutoLot

lot step when calculating a buying and selling lot within the  ( LotStep by stability) mode

Steadiness Step AutoLot

stability step when calculating a buying and selling lot within the  (LotStep by stability) mode

Repair Lot

mounted lot for buying and selling within the mode ( Use Repair Lot)

Take Revenue (fundamental pair)

TP for the principle pair (USDCHF)

Further examine TP

further TP examine for positions (in case of constructive slippage)

Max TakeProfit (in pips)

Most TP measurement, with further TP examine

Cease Loss (fundamental pair)

SL for the principle pair (USDCHF)

Max Unfold (in pips)

Most allowable unfold measurement for open orders

SellLimit Shift (in pips)

the shift for putting a pending restrict order, relative to the calculated stage

BuyLimit Shift (in pips)

the shift for putting a pending restrict order, relative to the calculated stage


Winter GMT Offset

It’s essential to specify the GMT of your dealer (terminal), which is used from November to March. I.e. If the dealer has GMT +3 in summer season (from April to October), and GMT +2 in winter (from November to March), you have to specify Winter GMT Offset = (+2)).

EA Begin Hour (fundamental pair)

Begin Minute (fundamental pair)

EA Finish Hour (fundamental pair)

Finish Minute (fundamental pair)

The time of operation of the Skilled Advisor for the principle forex pair specified within the parameter (USDCHF_SYMBOL_NAME)

Commerce at Monday morning (fundamental pair) (On/Off)

Begin Minute at monday (fundamental pair)

Commerce at Friday night (fundamental pair) (On/Off)

Enabling/disabling buying and selling on Monday morning and Friday night for the forex pair specified within the parameter (USDCHF_SYMBOL_NAME)

Commerce at Monday morning (further pairs) (On/Off)

Begin Minute at monday (further pairs)

Commerce at Friday night (further pairs) (On/Off)

Enabling/disabling buying and selling on Monday morning and Friday night for the forex pair specified within the parameter (GBPUSD_SYMBOL_NAME =”GBPUSD”/ ADDITIONAL_SYMBOL_NAME_1 and many others)


Enable SellLimit

Enable BuyLimit

Enable/prohibit Buylimit/Selllimit orders

Foremost mode (USDCHF – On/Off)

Enable/prohibit buying and selling in the principle mode (for the pair specified within the parameter(USDCHF_SYMBOL_NAME))

Threat AutoLot Foremost USDCHF

Lot measurement primarily based on the danger per transaction (% of the deposit) for the pair specified within the parameter(USDCHF_SYMBOL_NAME), when utilizing   Lot calculation mode (Use Threat for AutoLot)

EA Begin Hour (further mode)

Begin Minute (further mode)

EA Finish Hour (further mode)

Finish Minute (further mode)

The time of operation of the Skilled Advisor for all different forex pairs  EURCHF/EURUSD/GBPUSD/USDCAD + further pairs, besides (USDCHF_SYMBOL_NAME)

Further chanel filter (fundamental pairs)

Filter trades primarily based on channel measurement

Further chanel filter interval (D1) (fundamental pairs)

The interval for the filter

Further chanel filter measurement (fundamental pairs)

Most channel measurement for the desired interval

Further chanel filter (further pairs);

Filter trades primarily based on channel measurement

Further chanel filter interval (D1) (further pairs)

The interval for the filter

Further chanel filter measurement (further pairs)

Most channel measurement for the desired interval


GBPUSD_SYMBOL_NAME =”GBPUSD”;

and many others SYMBOL_NAME

Title of symbols of fundamental (USDCHF_SYMBOL_NAME) and extra forex pairs

if there’s a suffix/prefix within the names of your dealer’s forex pairs, please appropriate them in these parameters

EURUSD_trade

ADDITIONAL_SYMBOL_NAME_1_trade/2/3/4/5/6/7/8/9

Enabling/disabling buying and selling with the desired symbols

Threat AutoLot EURUSD

Threat AutoLot ADDITIONAL_SYMBOL_1/2/3/4/5/6/7/8/9

Lot measurement primarily based on the danger per transaction (% of the deposit) for the pair specified at this parameters, when utilizing   Lot calculation mode (Use Threat for AutoLot)

EURUSD_SL

ADDITIONAL_SYMBOL_NAME_1_SL/2/3/4/5/6/7/8/9

Cease Loss for the pair specified at this parameters

EURUSD_TP

ADDITIONAL_SYMBOL_NAME_1_TP/2/3/4/5/6/7/8/9

Take Revenue for the pair specified at this parameters


BBand interval (further mode)

BBand shift (further mode)

BBand deviation (further mode)

BBand utilized value (further mode)

Parameters of the Bollinger Bands indicator for added forex pairs


TP Modyfi Filter

Interval MA filter

Interval MA filter

2 MA durations for TP Filter 1

TP Filter 1 fundamental pair (On/Off))

TP Filter 1 additionals pairs (On/Off))

TP modification filter primarily based on a set of MA indicators in addition to the indications listed under

Time to activate Purchase TP filter (Hours)

Begin worth for Purchase TP filter

Kooficeient for Purchase TP filter

Time to activate Promote TP filter (Hours)

Begin worth for Promote TP filter

Kooficeient for Promote TP filter

If purchase place revenue level <

Purchase place TP =

If promote place revenue level <

Promote place TP = 


TP Filter 2 fundamental pair (On/Off))

TP Filter 2 additionals pairs (On/Off))

min TP for filter 2

max TP for filter 2

Hour to start out filter 2

Further filter 2 for TP modification


TP Filter 3

Time to activate Purchase TP filter 3 (Hours) 

Time after cease Purchase TP filter 3 (Hours) 

Kooficeient for Purchase TP filter

Minimal TP for Purchase TP filter

Time to activate Promote TP filter 3 (Hours)

Time after cease Promote TP filter 3 (Hours)  

Kooficeient for Promote TP filter

Minimal TP for Promote TP filter

Further filter 3 for TP modification (not utilized by default, can be utilized for added optimization and seek for your settings)


Correction stage to VID fundamental pair

Correction stage to VID further pairs

VID c-period

VID e-period

Correction of the extent of pending orders primarily based on the VIDYA indicator (not utilized by default, can be utilized for added optimization and seek for your settings)


filter 6 (fundamental pair) (on/off)

filter 6 (add pairs) (on/off)

mixture of filters and extra market indicators to switch the extent of pending orders

filter 6 for USDCHF order shift

filter 6 for ADD_SYMBOL_1 order shift

the dimensions of the shift of orders when the filter is activated 6


filter 7 (fundamental pair) (on/off)

filter 7 (add pairs) (on/off)

numerous further filters for transactions primarily based on MA/channel measurement, and many others.


Swap filter 3days

Swap worth filter (in level) if swap worth complete is much less no commerce

Triple swap filter, don’t open trades if the day of the triple swap, if the swap measurement is detrimental and under the desired parameter, the order will probably be positioned solely after the rollover.


Max FREEZE LEVEL – most stage FREEZE LEVEL

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