Today I'm introducing the Overnight EA which is a fully automated trading Expert Advisor, which uses technical analysis to take decisions based on various signals. It is originally intended to be used in the late hours of the night, where volatility is low, where we could scalp a few pips and avoid large drawdowns, however it could be used during any time of the day.
Overnight EA is designed to have a very high winning ratio, and low drawdowns. It averages between 5-7% monthly with a fixed lot size.
Get it here:
https://www.mql5.com/en/market/product/42018
https://www.nelhajj.com/mt4-expert-a.../overnight-ea/
Using a VPS to run the EA is a must. A broker account with low spreads is also recommended.
!!!!! Default settings are for GBPUSD M5 !!!!!! (Setting files for other currencies will be attached below as they come available)
!!!!!!!!!! Time Restriction settings are in the GMT timezone. Adjust according to your broker server time !!!!!!!!!
See Live Results on EURUSD since September 2018:
See Live Results on GBPUSD since December 2019:
See Live Results on USDCHF since December 2019:
Trades are taken when several indicators align in giving the signal. It uses an average Take Profit of all the trades which are open at the same time, and all trades are secured with a Stop Loss.
It works on all 28 Currency Pairs:
EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, EURAUD,
EURCAD, EURCHF, EURGBP, EURJPY, GBPJPY, GBPCHF, NZDUSD,
AUDCAD, AUDJPY, CHFJPY, AUDNZD, NZDJPY, NZDCAD, NZDCHF,
GBPNZD, EURNZD, GBPCAD, GBPAUD, AUDCHF, CADCHF, CADJPY.
Overnight EA has an optimization ratio which uses a variation of Sharpe and Sortino. It helps you get the most consistently profitable settings while optimizing, and gives you the ability to filter out any tests with a low trade count (The minimum accepted number of trades is defined in the input parameters). However, it is more reliable when the optimization period is longer (at least 1 - 1.5 years)
!!!!!!!!!! Time Restriction settings are in the GMT timezone. Adjust according to your broker server time !!!!!!!!!
