Recruitment of participants Night Owl

Night Owl
V1.71

NIGHT OWL is a night scalper that trades during the most quiet times of the market.

Markets tend to range in that period and the EA will trade those ranging movements.

Each trade will have an initial stop loss and take profit, but the EA uses also advanced SL management algorithms that will evaluate the strength of the trades and close out early if necessary.

The EA works on all pairs that have stable spread and quiet moves during the night. But it is programmed to also handle bigger spreads without too much loss of performance.

The EA also has a spread filter and slippage filter to prevent trades being opened in markets that are moving too volatile.

The user can also set the desired trading hours for each day.

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


EA shows best results on EURUSD, GBPUSD and AUDCAD!

For latest presets: https://www.mql5.com/en/users/strueli/blog


Key Characteristics

• Trades during quiet market hours
• SL on each trade to protect capital
• Smart SL and TP management based on market movements
• Good Risk/Reward, especially for a scalper
• Developed for M15 timeframe
• Spread filter
• Slippage filter
• Backtests show stable result from 2007-2017

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