South Night MT5

Fully automatic Expert Advisor for night trading during low market volatility.

The strategy is based on the patterns of the night market, which are checked daily by technology with elements of machine learning.

The version of this robot for MetaTrader 4

Positions are always protected by the StopLoss and DD parameters.

Not martingale, not grid, not arbitrage.

The system is “Set and forgot”, no user participation is needed.

Any broker with narrow spreads and fast execution of orders is suitable for trading.

The minimum deposit is $100.

Trading on EURUSD is recommended, but you can optimize the parameters for trading on other currency pairs.

Timeframe – M5.

The terminal is MetaTrader 5.

• AutoLot – can take the values “true” and “false”. If the value is “true”, the ADVISER chooses the lot size for trading depending on the balance.
• Lots – the lot size is set by the user if the AutoLot value is “false”.
• Risk – the percentage part of the deposit used for automatic lot calculation.
• DD is the maximum drawdown level, as a percentage of the balance, at which all positions of the adviser on this currency pair will be closed.
• ZeroPositions – if the value is “true”, the EA will open positions only if there are no other open positions on the trading account.
• SmartTakeProfit – if the value is “true”, the Expert Advisor will determine TakeProfit independently.
• TakeProfit – the value of TakeProfit in points. If “0”, it is disabled. Don’t forget to deduct the broker’s commission from this parameter.
• StopLoss – the value of StopLoss in points. If “0”, it is disabled.
• TrailingStop – the value of the trailing stop in points. If “0”, it is disabled.
• PendingOrders – if “true”, the EA will use pending orders whenever possible.
• MaxOrders – the maximum number of open orders at the same time. If you are trading on a “Netting” account, the recommended value of this parameter is 1.
• MaxSpread – the maximum spread value at which the EA will open positions.
• SpreadModeling – if the value is “true”, additional spread control will be carried out by modeling it.
• TradingDirection – allowed order types.
• CommentOfOrder – comment on the order. Can take any value.
• EAidentifier is the identifier of the adviser, which allows him to distinguish his positions from the positions of other advisers.
• WaitForProfit – if the value is “true”, the EA will wait for the position to become profitable, provided that the loss is less than 30% of StopLoss.
• AccountFillingType – type of order execution for this type of account. If the EA does not open positions at the default value, choose a different type of execution.

The default settings are set for EURUSD.

Don’t forget about the AccountFillingType parameter – set it to a value that your broker allows/supports. This is important!

The parameters are set as for 4-digit servers, and for 5-digit servers they are automatically recalculated.