NIGHT OWL is a night scalper trading during the quietest market period.

Prices at this time are usually flat, and the ADVISER trades in the channel.

Each trade is equipped with an initial stop loss and take profit. There is also an intelligent profit-taking system: the adviser evaluates the potential of transactions and, if necessary, closes them.

The EA works on all pairs with a stable spread and calm movement at night. It is also able to work with larger spreads without much loss of performance.

The EA has a spread and slippage filter to avoid opening deals in too volatile markets.

You can set the desired trading hours for each day.

Already optimized for EURUSD, USDCHF, GBPUSD, USDCAD, GBPAUD, GBPCAD, GBPCHF, EURCHF, EURAUD, EURCAD and AUDCAD!

Current settings files:

• Trades during quiet market hours
• Each transaction is accompanied by a stop loss to protect capital
• Stop-level management based on market movements
• Good risk-to-profit ratio especially for scalpers
• Works on M15
• Spread Filter
• Slip Filter
• Testing on history shows stable results for 2007-2017

• Comment – comment on transactions
• MagicNumber – a unique magic number of transactions
• Max Slippage Allowed – maximum allowable slippage
• Max Spread Allowed – the maximum allowed spread
• Maximum Daily Range size – maximum range of the day
• AutoLotMode – type of lot size control
• StartLots – fixed lot size
• Risk_Per_Trade – maximum allowable risk per trade
• LotsizeStep – the capital used for each 0.01 lot
• OnlyUp – do not reduce the lot size when using autolot
• Max number of Trades – the maximum number of open orders
• Minimum distance between trades – minimum distance between trades
• Range size – the relative size of the range for trading (the number of candles used)
• Range Roughness – range boundary
• Range entry Point – distance from the border to the entry point
• Range strength – the necessary liquidity strength
• Use only BID price for calculations – take into account only the BID price in all calculations
• Stop Loss – initial stop loss
• Take Profit – initial take profit
• Trailing SL Start – start of trailing (0 – disabled)
• Trailing SL Size – the size of the trailing stop
• Trailing SL Step – the minimum step of the trailing stop
• BreakevenStart – when to set breakeven
• BreakevenPlus – an additional value above breakeven to set a stop loss
• Close all open trades when total pips in profit – close all trades if the total profit reaches the specified value in pips
• Close Trades after X minutes and Y Minimum pips profit – time exit strategy
• Minimum pips profit – minimum profit in pips when using a time exit strategy
• Close trade at X pips from other side of range – the distance from the opposite side of the range at which orders should be closed
• Minimum pips profit before close at other side of range – minimum profit in pips when using a close on the opposite side
• Time filter – start and end time of trading for each day
• StartHour – the hour when the ADVISER starts working (daily)
• StartMinute – the minute the ADVISER starts working (daily)
• StartHour – the hour of the end of the adviser’s work (daily)
• StartMinute – the minute when the ADVISER finishes working (daily)

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Attention: By default, trading hours are set for brokers trading in the GMT 3 (summer) and GMT 2 (winter) time zones. Change the value based on your broker’s time zone!

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