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Description

Night Hunter Pro V6.28 MQ4

THIS PRODUCT IS ONLY THE SOURCE CODE .MQ4

EA has a live track record with many months of stable trading with low drawdown:

Best Pairs (default settings)

High-risk performance

Night Hunter Pro is the advanced scalping system which utilizes smart entry/exit algorithms with sophisticated filtering methods to identify only the safest entry points during calm periods of the market. This system is focused on a long-term stable growth. It is a professional tool developed by me years ago that is constantly updated, incorporating all the latest innovations in the trading area. Nothing fancy here, no testing Holy Grails, no “risk-free martingale”, only strict rule-based approach to trading, allowing to maximise return while having risks under control

I recommend disabling trades on weekends (p. 5.5) while markets are volatile!

Supported currency pairs: GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF + CHFJPY, AUDCAD, EURCAD, EURAUD

Recommended timeframe: M5

Tested for FTMO compatibility – write me about details

EA is FIFO compatible

The EA does not use martingale or grid. It only enters a trade with pending 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
  • Solid backtest and live performance
  • Advanced News 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
  • 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

Requirements

  • The EA requires good brokerage conditions: low spread and slippage during the rollover time. I advise using a really good ECN broker. 
  • 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 Placing Orders – when to start/stop placing pending 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
  • Rollover Time Filter – on/off the rollover filter
  • 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

Brand

Source Code MQL4

Refund

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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.

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1 review for Night Hunter Pro V6.28 MQ4

  1. admin (store manager) –

    Great Source Code, recommended

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