Trades the most quiet moment of the market (around NY-close)
Strict use of stoploss on every trade
Adaptive SL and TP management
spread/slippage filter to avoid trading during bad market conditions
Runs on 11 pairs to spread risk
Very stable already since 2007
survives strict high quality backtests, with real variable spreads, commission and random slippage at 99% tickquality
Proven live results with several different brokers
EA is linked to buyer's name and can run on unlimited live accounts
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