New article: How Reliable is Night Trading?
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New article How Reliable is Night Trading? has been published:
The article covers the peculiarities of night flat trading on cross currency pairs. It explains where you can expect profits and why great losses are not unlikely. The article also features an example of the Expert Advisor developed for night trading and talks about the practical application of this strategy.
Over the last six months, we have seen a lot of Expert Advisors that earned good money without virtually any risk involved, by simply trading in the night on EURCAD, GBPCAD, EURCHF and other currency pairs. Trading on Alpari's PAMM accounts that employ this tactics has demonstrated indeed amazing results. Negative feedback on using this trading system is however not uncommon. The purpose of this article is to see if night flat trading is really profitable and to identify all hidden dangers of such trading on a real account.
Theory
The figure below shows typical night flats. The image is not the best for the given strategy but this choice is intentional. The night flat boundaries are quite vague. We can say that for EURCHF the flat starts at 18:00-20:00 and ends at 10:00-14:00 server time. We will take it as the period from 18:00 to 10:00.
The night flat usually lasts during the Pacific and Asian trading session and is characterized by low volatility of the majority of currency pairs.
Author: Shashev Sergei