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Night Worker MT5

198 USD

Demo downloaded: 77

Published: 10 April 2024

Current version: 1.85

Night Worker MT5

Experts
Edgar Elsner
Version: 1.85
Updated: 17 July 2024
Activations: 10

Night Worker MT5

is a low-risk multi-currency Expert Advisor, particularly suitable for risk-averse users, that does not use risky recovery strategies such as Martingale or Grid. Due to tightly limited stop-loss values, the profit curve naturally does not move upwards like a straight line and without fluctuations. On the other hand, there is also no risk of a deeper draw-down, as inevitably occurs sooner or later with the strategies mentioned above, and those in some cases can lead to a total loss.

Due to the low risk of the Night Worker MT5 strategy, a starting capital of $50/0.01 lot per traded pair is sufficient for accounts with leverage from 1:100. For accounts with leverage of 1:30 it should be at least $100/0.01 lot.

The parameters specific to the tradable pairs (GBPCAD, EURCAD, EURSGD, GBPCHF, GBPSGD,CHFSGD,CADCHF) are pre-configured internally and no further set files are required. Additional pairs can be freely configured by experienced users using “Custom” mode. However, it is advisable to only trade currencies that are comparatively less active outside of European and American trading hours. These are in particular EUR, GBP, CAD and CHF.

It should be noted that in “Custom” mode the Expert Advisor must be installed on the associated currency chart. In “Predefined” mode, the Expert Advisor is only installed on a single GBPCAD chart, from which all pairs entered in the currency list are then traded. If necessary, the number of pairs opened at the same time can be set via “Max. Trades open concurrently” can be limited.

Opening positions takes place during European night time and starts at 20:00 GMT hour. Only one position is opened per pair, each with a stop loss and take profit. The stop-loss levels set when positions are opened only serve as additional protection if the stop-loss functions managed by the Expert Advisor cannot take effect in the event of unusual market movements or a failure of the computer and/or the VPS. In fact, in the rare cases of draw-down, the losses are well below the fixed stop loss levels - usually in the range of no more than 10 to 30 pips.

The underlying strategy trades within a channel formed on the M1 timeframe by trend and level indicators.

The installation takes place on the associated chart, where an onscreen panel visualizes relevant status information. The time frame used is arbitrary, as the expert works independently of it.

Traded currencies:	Single-chart setup for GBPCAD, EURCAD, EURSGD, GBPCHF for trading all pairs via a single chart. (Optionaly pairs CHFSGD, GBPSGD and CADCHF can be used as well by adding manually to the list) -> Currency suffixes are detected automatically. No need to change the preset no-suffix pairs. -> ATTENTION: In 'Custom' mode only the currency of the underlaying Chart is trading!
Other currencies:	Can be freely configured and optimized via “Custom” mode
Timeframe:	Can be chosen arbitrarily, without affecting trading
Trading Time:	Freely adjustable, Friday trading and the end/beginning of the year can be configured or turned off separately.
Risk Management:	Selectable as a percentage between balance, equity or free margin
Trading procedure:	FIFO-compliant. Therefore suitable for USA traders as well. Profit taking selectable by indicator based Trailing per single pair or Average Profit Trailing on all opened pairs.
Eligibility for Prop Firm Trading:	Yes
Individual Magic Number:	Yes. This means there is no influence from or by other experts on the same terminal account as soon as their Magic Numbers differ from each other
Visualization:	On-screen Panel with status information about profits, free Margin and Trading Time status
Recommended accounts:	ECN brokers with low spread and/or RAW account type and low slippage
Minimum capital per currency pair traded:	$50/0.01 lot for accounts with leverage > 1:100, $100/0.01 lot for accounts with leverage < 1:100

Important NOTE:

Before purchasing, please download the demo and perform a Backtest on broker account you intend to utilize. To ensure uninterrupted functionality, installation and operation should be carried out on a VPS. Also take in consideration that not every Broker supports all of the pairs. Therefore check their availability before starting backtest or live trading!

Quick Installation Instructions:

1. Before adding the Expert to the chart, make sure that all the symbols that are included in the Settings "List of Pairs", are added to the terminal's "Market Watch".

2. Enable "Algo Trading" in the terminal is activated.

3. Finally add the Expert to the GBPCAD chart and set your desired risk level and selection of curreny pair.

more...

389

Ocean 2024.05.16 08:51 #

EA is doing its job during the European Night. A good addition to expanding the portfolio. Profitable

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Rescue Trader MT5 Rescue Trader isn't a Grid or Martingale Expert as each single trade is protected by fixed stoploss. Adding of new trades to existing trades are always entered on indicator pattern entry and not simple on fixed distances like Grid-/Matingale-Systems usually work. For additional protection, its drawdown recovery algorithmus closes particular trades that are profitable while at the same time closes older loosing trades in the way that in total that bulk closes in profit. Howev

69 USD

TRADECOPY CLIENT MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT5 was

49 USD

Mount Gold EA MT5 is based on combinations of classic indicators that include trend following as well as oversold/overbought strategies for trading the XAUUSD pair and is suitable to trade on Prop firms account. It includes furthermore a powerful flexible configurable recovery mechanism as well as the option to place and close orders manually. For active Traders it makes it even more flexible for trading of further instruments than XAUUSD. All the trade entries and exits are provided by virtual

298 USD

Golden Tea Time MT5 is based on a classic, popular breakout strategy and does not use martingale or grid mechanisms. Golden Tea Time MT5 only opens a pair of stop orders every day at leisurely English tea time, after possible market-moving news has already faded away. Once an order becomes a market order, the remaining stop order is deleted. However, the risk of a losing trade cannot be ruled out and is then limited to just $5/0.01 lot. In this case, the following day's trading can be assigned

298 USD

TRADECOPY MASTER MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...). Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can b

FREE

TRADECOPY MASTER MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...). Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can be

FREE

Gain Guard MT4 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

Gain Guard MT5 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

TRADECOPY CLIENT MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT

49 USD

This indicator was developed by me, based on my experiences during my long term daily trading. It allows to get an excellent and compact overview about the current market situation without to have to monitor multiple charts. The default settings are widely used by traders. For example on sites like forexlive.com: https://www.forexlive.com/technical-analysis Features: The Moving Average Swiss Knife-like indicator for Daytraders Allows to setup of up to seven different MAs (MA and DEMA) to use on

30 USD

Traders Swiss Knife MT5 supports you to get the maximum out of your trading activities. No matter you are managing manual placed trades or you like to boost your third party Expert Advisor's trades. It works with currencies, cryptos, stocks and indices. Key Features: Virtual Trading Lines: free changeable in any direction or auto-placed by ZigZag indicator to build resistance, support, channels, triangles, wedges,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracke

99 USD

London Breakout MT5 is the risk-reduced and not overpriced Breakout Expert that trades morning session breakouts of GBPUSD, here offered by the original developer. !!!Just rent it riskless for only $30 and decide later to buy the unlimited license finally by getting reimbursed by the $30 rental fee!!! Watch this video before you intend to buy a much more expansive Breakout Expert Advisor: https://www.youtube.com/watch?v=c0UwKrWnoEE&t=2s Life signal (shows all current life trades withou

169 USD

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389

Ocean 2024.05.16 08:51 #

EA is doing its job during the European Night. A good addition to expanding the portfolio. Profitable

Version 1.85 2024.07.17

- Fixed issue occuring during Backtest start if ParameterMode = "Custom" is set, where an indicator load error occured.

Version 1.84 2024.07.17

- Added Triple Swap-Filter:
If enabled, pairs with big negativ Swap will not be opened before the Rollover-Time if their negativ Swap is bigger that the predefined limit.
- Added opening Delay Filter:
If enabled, adds a delay to avoid that two orders of different pairs are opened at the same time
- Added Filter for same Base and Quote pairs entry distance:
If enabled, checks if a pair of the same base- or quote-currency at the same trading direction is at market yet and is having a certain drawdown level reached. If yes, the new order will be sent to market.
- Added Info lines of available pairs to settings page header:
Now one can quick select the desired pairs to be trades by copy/paste from the header of the settings page
- Restructured Settings Page
- Changed Volatility filter default setting to "Disabled"
- Minor bug fixes

Version 1.80 2024.07.12

- Fixes an issue where the OneChart setup didn't work properly with multiple symbols for Brokers that provide symbols with additional suffix.

Version 1.78 2024.07.09

- Takeprofit Averaging Closing optimized
- Changed default setting of Takeprofit Averaging Closing start from 4 orders to 3 orders
- Added displaying total profit per Symbol of the current Magic Number
- Changed Symbol List selection to avoid setting errors
- Added sound to Operate_OrderClose closes
- Fixed some bugs where the daily profit wasn't disolayed correctly
- Minor bug fixes

Version 1.58 2024.05.04

- Modified Friday Trading options.
Now by default setup, Friday trades are opened in the morning hours until GMT 3 o'Clock. To open trades at Friday night time until market close, one has to set "Friday Night Trading" = true.
If "Friday Night Trading" = true, the "Close Friday Night Orders on Market Close" option becomes activated as well. That allows to chose to close all orders, close all orders in profit or close all orders in loss.
The "Close Friday Night Orders Min. Profit" sets the minimum desired profit before the profit trailing function becomes activated. This prevents that a just processing profit rising don't becomes cut immediately while it is running further.

Version 1.56 2024.04.21

- Added Volatility Filter
- Added protection against incorrect entries in the Settings symbol list
- Performance of all pairs improved

Version 1.54 2024.04.17

- Changed Friday trading by default to enabled
- Added Friday Close selectable by Disabled, Profit Close, Loss Close or All Close
- Added new currency pairs CADCHF, CADSGD (If desired, please add them manually to the currency list)
- Added optional Average Profit Trailing for multiple open orders (Bulk Trailing Profit Close)
- Fixed displaying correctly profit in Custom mode

Version 1.53 2024.04.16

- Added automatic switching to Custom mode if the expert becomes installed on a chart of a currency pair that is different from the set of predefined currency pairs GBPCAD, EURCAD, EURSGD and GBPCHF. The Onscreen Panel also visualizes that currency pair and pointing out that this is now a multi-chart setup. Consider that in multi-chart mode only the underlaying currency pair becomes traded on this chart.

Version 1.52 2024.04.14

- Enhanced Onscreen panel to display traded currency pairs, displaying particular profits/losses on each pair
- Enhanced abled trading of currencies that come with suffixes (For example GBPCAD.raw, GBPCAD+, GBPCAD-Z,...)

Version 1.51 2024.04.14

- Minor bug fixes

Version 1.50 2024.04.13

*** Main Revision ***
- Now one chart setup for multiple currencies
- Added currencies EURSGD and GBPCHF to the list
- Performance increased
- Minor bug fixes

Version 1.44 2024.04.12

- Changed Friday trading to use Weekday Stop Hour. If Friday trading is enabled (default), Weekday Stop Hour is used. If disabled, trading time ends on Thuersday night at 23:59 Hour GMT

Version 1.43 2024.04.11

- Fixed a minor issue where on the Onscreen Panel Floating Profit value was not reset to zero after trade close