EvoNightEA MT5

EvoNightEA is a fully automated Expert Advisor based at midnight scalping during the low market volatility. EvoNightEA is based on the principles of channel trading and Price Action. The system analyzes the price movement in the daily range and, based on the data obtained, trades in the low-volatility market in rollover. Most of the parameters are dynamic, thus reducing the chance of overfitting at the expense of the absence of static values. It's make system more stable and flexible for longterm usage.

EvoNightEA strategy uses a number of technical indicators to determine the entry signal, market volatility, as well as signals to close trades. Among them are indicators such as Bollinger Bands for determining volatility, ATP indicator for calculating Take Profit and volatility deviations, as well as Moving Average.

The minimal recommended deposit is $50. In order to achieve stable perfomance it is highly recommended to use ECN accounts with a minimum spread and a commission per trade of no more than $7 per lot (the optimal commission size is $ 4-5 per lot).

Settings

• Comment 
• Magic Number

• Money Management Type:
• Fixed lot
• Percent of Loss                              
• Percent of Balance
• Risk Size

• Triple Swap Protection - True - Disable trading at Wednesday evening
• Monday Open Trading - True - Enable trading at Monday morning
• Friday Close Trading   - True - Enable trading at Friday evening

• TakeProfit TimeFrame - TimeFrame to calculate TakeProfit
• Stop Loss - Stop Loss size (pips)