Expert Advisors and Indicators for MetaTrader 5

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MetaTrader 5

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Black Night mt5

black-night-mt5-logo-200x200-6530
299.00 USD212.29 USD

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Information

Experts
MetaTrader 5
Heiko Kendziorra
1.7
12

Overview

Black Night is more than just another night scalper. It is focused on safety first for a long-term stable growth:

  • It keeps trading activity low in the difficult rollover hour when the spreads widen and liquidity is low. 

  • It starts trading one hour before the 'usual' night scalping time to take profit without swap and before spreads widen - if possible.
  • If a trade is open it does not open trades in correlating currency pairs. 

  • It needs no set files and works fully automatically with the default settings in 10+ pairs. 
  • Black Night shows live trading results
  • Black Night allows to adjust the strategy.
  • Black Night does not use dangerous strategies like martingale or grid.

It opens always just one order with hard StopLoss in a currency pair.


mt4 version >> 

For lack of space here see setup and settings in short form in the mt4 version.

Backtesting and optimization for mt5 are explained in the blog >>

Version 1.4 is internally otimized for all pairs shown in the screenshots.

The other below mentioned pairs show profit but need more code optimization.

Version 1.5 will work better in more currency pairs.  


See live trading (take a look at the signal description):

Black Night Live Trading mt5 version >>

Real account trading mt4 (low risk) >>

Demo trading mt4 (normal risk, started earlier) >>

Demo trading mt4 NO Filter (read description!) >>

Now, between the years, meaningful trading is rarely possible. If there are any movements at all, experience shows that they are extremely unpredictable due to the overall thin trading volume. For this reason, live trading is deactivated until 4 January,


Many night scalpers had a hard time with heavy drowdowns since Thanksgiving - but not Black Night! 

Black Nights advanced filter system and the exclusion of correlating pairs show effect.

Black Night 'knows' when important US holidays come, to lower then trading activity in USD related pairs.

First Black Night sets limit orders in many currency pairs. If a limit order is executed and turnes into a buy

or sell the EA deletes correlating limit orders and doesn't open new ones until the running order is closed.

   

Recommended Pairs: AUDUSD GBPUSD  EURGBP CADCHF USDJPY EURCHF GBPCHF GBPJPY USDCHF EURAUD AUDCAD CHFJPY 

2nd league pairs: AUDCHF AUDJPY  CADCHF EURCAD GBPCAD 

Black Night automatically detects the pair and indicates it in the chart (up, left) together with the current spread.

Details about the pairs and lotsizing in the signal description >>


Settings

The first 2 settings set start & end of the period when orders are opened.  
  • HourStart - 2 hours before rollover, here 22. 

    Most brokers use GMT+2 in winter and GMT+3 in summer (US DST). Their rollover is at 0:00. 

  • HourEnd hour after rollover, here 1 

  • Auto_Moneymanage: auto money management: 1 = On

  • MiniLots: if true, Auto_Moneym. has steps of 0.01 lot

  • MaximumRisk: % of account free margin set on risk for a trade

  • Lots: lot size if Auto_Moneym. is disabled

  • DistBpoints deviation to calculated level, where the buy limit order is set 

  • StopLossB: distance of stop loss for buys

  • TakeProfitB1: minimal TakeProfit for buys (if other conditions meet) 

  • TakeProfitB2other TakeProfit for buys (if other conditions meet) 

Variation of Dist, StopLoss and TakeProfit may improve the result, see blog >>

    Following the same settings for sell orders and:

    • MaxSpread: if spread exceeds this, set pending orders are deleted 

    The default setting is fairly low, so in the rollover hour usually all limit orders are deleted.

    • LastTradeDayDec: for low liquidity around the holidays in 2nd half of Dec. trading is deactivated after the set day
    • magic: number of EA


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