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Product Published or Updated on June 13, 2024

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Description

Evening Scalper Pro V2.51 MT4

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 the win rate is high.

Supported currency pairs: EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCAD

Recommended timeframe: M5

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: Trade various pairs simultaneously

Doesn’t open trades during periods of low liquidity and bank rollover (0:00-1:00)

Market execution for precise entry and exit

Solid backtest and live performance

Advanced News Filter to avoid volatile market conditions

Stock Market Crash Filter for added safety

Auto GMT detection for accurate trading times

Self Diagnostic System to ensure optimal performance

Negative Swap Filter to avoid trades with high costs

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
  4. https: //valerytrading.com
  5. http: //valerytools.com

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

Settings

  • 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
Feature Description
Trading Session American trading session
Supported Pairs EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCAD
Recommended Timeframe M5
Trade Execution Market orders
Risk Management No martingale or grid; uses stop loss
Features One chart setup, multiple currency pair support, market execution, advanced news filter, auto GMT detection
Installation Attach to one M5 chart, recommended EURUSD
Requirements Low spread and slippage, VPS recommended
Settings Customizable lot-sizing, spread, slippage, symbols, time filters, and more

Brand

EA MT4

Refund

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Install

The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).

This is the easiest type of installation for Expert Advisors.

This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.

Copy the EA folder content from your product to the EA folder of your MT4 installation.

 

Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.

Responsability

Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.

Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.

Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.

A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.

Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.

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1 review for Evening Scalper Pro V2.51

  1. admin (store manager)

    Great Bot, recommended

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