NIGHT OWL is a night scalper that trades during the quietest 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 also uses 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 also programmed to 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
• Trades the quietest moment of the market (around NY-close)
• Strict use of stop-loss on every trade
• Adaptive SL and TP management
• spread/slippage filter to avoid trading during lousy market conditions
• Runs on 11 pairs to spread risk
• fully automatic
• Very stable already since 2007
• survives strict high-quality back tests, with real variable spreads, commission, and random slippage at 99% tick quality
• Proven live results with several different brokers
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