TIOGA is a fully automated Night Scalper. It works good on all major currency pairs.
Main strategy is using mean reversion on end of US season. The system focuses only Small and Steady Profits.
The EA does not use grid, martingale, averaging or other dangerous strategies. It uses fixed stoploss for every position.
General Strategy Definition
Tioga enters trades only for 2 hours between 21:00 - 22:59 GMT. (London Time). This system holds only one position at the same time on each pairs.
Its entering direction depends on mean reversion strategy. It can work on VPS clearly.
Recommendations
- Setup Symbol & TimeFrame: EURUSD M5
- OneChart Usage for all pairs : When it is true, one chart is enough for trading all selected pairs
- My favorites are these 11 pairs: AUDUSD, CHFJPY, EURAUD, EURCHF, EURGBP, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, USDCHF
- Min Account Balance: 300 USD
- Account & Broker: All Brokers and all Standart or ECN aaccounts
- Leverage: All leverages are fine (Prefered: Greather than 100)
Please check if the London time you see in the chart is the same as the current London time. If it is different, please change Broker GMT input parameter when you attach the EA to chart.
Input Parameters
- Lot Calculation Type : Fixed_Lot / Risk_Percentage
- Fixed Lot : It is active when Fixed_Lot is selected for Lot Calculation Type
- Risk Percentage (Between 1-100) (Per Pair): It is active when Risk_Percentage is selected. It shows how many percentage of your equity is in risk per pair.
- Maximum Lot for all Calculation Types: Maximum Lot can be this number for each pairs
- OneChart Usage for all pairs : When it is true, only one chart is enough for trading all selected pairs
- OneChart Pairs: Use comma as seperator and write pairs' names
- Pairs Suffix: If the broker uses suffix (Suffix is a letter behind the pair, EURUSDm for example.), just write suffix to here.
- EURUSDm >>> Suffix: m
- EURUSD.m >>> Suffix: .m
- Broker GMT in Winter : Please check London Time when you attached the EA to the chart.
- Broker use Daylight Saving Time : If London time is different, you may also change this input.
- New Trades: If it is false, new order can't be opened
- New Trades - Weekly Market Open: If it is false, new order can't be opened at Sunday 22:00 - 22:59 GMT
- New Trades - Weekly Market Close: If it is false, new order can't be opened at Friday 21:00 - 21:59 GMT
- New Trades - Christmas and New Year: If it is false, new order can't be opened between 23 December 00:00 GMT to 3 January 23:59 GMT
- New Trades - Triple Swap Day: If it is false, new order can't be opened at Triple Swap Day between 21:00 - 21:59 GMT
- Spread Filter (0: not used): If spread is higher than this, then new order can't be opened.
- Daily Volatility % Filter (0:disabled 1:default) : If the pair reaches 1% volatility in last 24 hours, then position will not be opened only for this pair.
- GAP Filter (0:disabled): If there is a GAP in last 3 hours, new position will not be sent. (in Percentage. Example 1.5 means %1.5 GAP)
- Permission Filter - Only Sell & Only Buy: You can write currencies and pairs. (Example: EUR,GBPUSD,CHF,AUDUSD) Please use comma as seperator
- Entry Days and Hours: There are 10 hours in a week for opening new positions. (London Time)
- Exit Type: Basic or Trailing. You can trade with only one selected "Exit Type"
- TakeProfit Reducing: Every 5 minutes, Takeprofit level decreases
- StopLoss Reducing: For "Exit Basic", every new 5 minutes bar, stoploss will be reduced by this value
- Close All Positions - Drawdown % (0: disabled ): If drawdown reaches to 5% of your balance, then Tioga closes all positions which opened by it
- Close All Positions - London Hour (-1: disabled): If it is 8, all positions will be closed at 8:00 am (London Time)
LEVELS CALCULATION
Real Price Level = Level * 0.0001 * price
For these inputs: TP, SL, TS, Trigger, Step, Spread Filter, SL Reducing
