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The Midnight Scalper MT5

Midnight Scalper is based on a sound trading principle. It is made to trade during times when the market is at low volatility. From 23:00 to 00:00 is best. 

It uses multiple indicators for precise entry and exits with a basic fixed stop loss and take profit as part of its money management strategy.It does not put your funds at high risk with such methods as martingale, grid, averaging positions or no stop loss trading. ECN broker is required with a tight spread and low commission.

NOTE : After as has been pointed out in comments the spread widens at 00:00 till 01:00 then reverts to a smaller spread. When I first realised this system I overlooked this fact. I have since made the EA so it will not open a trade at 00:00 - 01:00. So, now the default of 23 is preferred.

Features :

  • Based on a sound trading principle.  
  • A purely mechanical system. Simply set and leave.
  • No martingale, grid averaging or no stop loss trading.
  • Risks are small per trade.  
  • An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
  • Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. To find broker execution speed we press button Execution Reading.  

Settings :

Magic Number & Slippage   

  • Magic Number - A unique value to this EA so that if used alongside other EA's within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
  • Slippage - If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.  

Lot Size

  • Lot Size - Adjusts the size of trade exposure we have. EG 0.10 on the EURUSD will mean every micro incremental point move will equal 10 pence. 

Spread

  • Maximum Spread - Allows only trades when market is less than or equal to the spread as input by user.

Trade Management

  • Stop Loss - Sets the size of stop loss from opening order price in points.
  • Take Profit - Sets the size of take profit from opening order price in points.

Money Management

  • Money Management - True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
  • Risk Percentage - Percentage we risk per trade. EG 1 = 1% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.

Start Hour

  • Start Hour - The hour of day you want the EA to start trading. DEFAULT 23 IS BEST SETTING!    

How to trade this product : 

I have set this EA to use the following settings :

Stop Loss = 500

Take Profit = 500

Trading Requirements : 

Best Market :

EURGBP

Other Markets : 

EURUSD, EURCHF, , GBPUSD  CHFJPY, EURAUD, USDCAD.

Ideal Timeframe :   

15m timeframe is best though experimentation with other timeframes is encouraged.   

Unlike ZZ Scalper this is not highly broker sensitive but the following requirements will still improve performance : 

A broker with fastest execution of < 150ms is preferred. We use the execution reading button on panel to find brokers speed. 

Low spread typically EURUSD 0 to 1-2 points (Not Pips but points!)

Low Commission

Stop level = 0 

True ECN   

Fast VPS














































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Denis Kurnev
5 (23)
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Profalgo Limited
4.61 (66)
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Profalgo Limited
4.58 (33)
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Bogdan Ion Puscasu
5 (13)
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Yu Mei Cheng
4.82 (65)
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Bogdan Ion Puscasu
4.83 (276)
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Diamond Titan FX
Lo Thi Mai Loan
5 (11)
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Dilwyn Tng
5 (18)
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Lo Thi Mai Loan
4.92 (12)
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Marzena Maria Szmit
4.38 (37)
The Bitcoin Robot MT5 is engineered to execute Bitcoin trades with unparalleled efficiency and precision . Developed by a team of experienced traders and developers, our Bitcoin Robot employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with M5 timeframe , ensuring that you never miss out on lucrative opportunities. No grid, no martingale, no hedging, EA only open one position at the same time. Bit
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Mansour Babasafary
4.32 (28)
21% discount, until 2024.08.08  (Original price: $1000) Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. Expert trend hunter Combined with artificial intelligence Control the AI with a variety of simple settings Without using dangerous strategies (all trades have a profit limit and a loss limit) Can be used in 6 main market currency pairs and 4 important time frames An expert who has been trained by artific
Icona
Anton Kondratev
아이코나 I   t는       완전 자동   하이브리드       개방형 최적화 매개변수와   실시간 복구 메커니즘을 갖춘 시스템. Only 7 Copies of 10 Left  for 445 $ Next Price 899 $  아이코나 가이드 공개 그룹에 가입 신호 수수료 환불 업데이트 내 블로그 Not    Grid        Not    Martingale        Not     AI         Not     Neural Network.    Default Settings for One chart     AUDUSD H1    (Supports 1OHLC mode for weak PCs) 각 포지션에는 항상       고정 SL       그리고       전체 거래 추적(FDT)   , DrawDown 상태인 경우에도 마찬가지입니다.       이것은       일일 브레이크아웃 전략(DBS)       초기 유럽 거래 세션 중. 알고리즘은       잘못된
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Aleksandr Chebotaev
2.74 (31)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Marek Stanislaw Zygala
5 (4)
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Marzena Maria Szmit
4.83 (48)
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Sof'ia Vlasova
5 (11)
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Sang Sariaji Sakti
4.11 (18)
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Chen Jia Qi
4.57 (81)
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Michael Prescott Burney
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Bogdan Ion Puscasu
4.91 (79)
안녕하세요 여러분, 제 소개를 하겠습니다. 저는   Quantum EA   제품군 중 가장 짜릿하고 신선한 멤버인   Quantum StarMan   입니다. 저는   AUDUSD, EURAUD, EURGBP, EURUSD, GBPUSD, USDCAD 등   최대 6개의 동적 쌍을 처리할 수 있는 완전 자동화된 다중 통화 EA입니다. 최고의 정확성과 흔들리지 않는 책임감으로 귀하의 트레이딩 게임을 한 단계 더 발전시켜 드리겠습니다. 핵심은 다음과 같습니다. 저는 Martingale 전략에 의존하지 않습니다. 대신, 저는 최고의 성능을 발휘하도록 설계된 정교한 그리드 시스템을 활용합니다. 그리고 귀하의 마음의 평안을 위해, 총 손실액이 귀하 계정의 사전 결정된 한도에 도달하는 경우 모든 거래를 종료할 수 있는 옵션도 제공합니다. 하지만 그게 다가 아닙니다. 저는 단지 말만 하는 것이 아닙니다! 실시간 신호가 실행 중이므로 제가 실제로 작동하는 모습을 보실 수 있습니다
FT Gold Robot MT5
Marzena Maria Szmit
4.47 (59)
Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you
Ultimate Bot
Mr James Daniel Coe
4.71 (14)
한 명 가격으로 8명의 어드바이저 더 많은 것이 올 것입니다. 구매해야 할 마지막 봇! Ultimate Bot은   추세 추종, 평균 회귀 및 돌파 패턴의 조합을 사용하여 XAUUSD, GBPUSD, AUDCAD, USDCAD, EURGBP, EURUSD, GBPJPY, USDJPY 및 EURJPY를 거래하는 다중 전략 Expert Advisor입니다. 각 전략은 계좌 자산에 따라 거래되므로 한 그룹이 하락하면 다른 그룹은 성과를 최적화하기 위해 협력하면서 위험을 낮춥니다. AUDCAD M15에 첨부된 일회성 차트 설정과 다른 쌍은 자동으로 거래됩니다. 사용하기 쉽고 강력한 다각화! 저위험 개인 계정(Pepperstone UK):   링크 판매자 평점: 별 4.8개 만점에 5개 신뢰와 평판은 저에게 매우 중요합니다. 내 무료 EA 'CAD Sniper'는 몇 달 동안 mql5 무료 섹션에서 #3 - #5였으며 현재 13,500회 다운로드되었습니다. 이제 저는 지난 3년
BitBull EA
Arseny Potyekhin
5 (1)
Dear Traders, I am very pleased to introduce our latest project to you. EA BitBull . Real cryptocurrency trading has now become a reality! Signals: Live Signal 1 Live Signal 2   Because this strategy is so unique, I only want to sell a limited number of licenses. Therefore, the price will steadily increase to limit sales. Next price is 690 USD . With the help of our esteemed partners from all over the world, we have succeeded in developing an innovative crypto strategy. This strategy seam
Apocalypse Gold
Xian Qin Ceng
5 (1)
많은 사람들이 XAUUSD 거래를 좋아하며 저도 예외는 아닙니다. 거래 경험과 노력을 축적한 후 XAUUSD/XAUEUR/XAUGBP/XAUCHF /XAUJPY/XAUAUD와 같은 모든 XAU 관련 품종 거래를 위해 특별히 이 Apocalypse XAU EA를 만들었습니다. 그러나 많은 사람들이 모든 XAU 통화쌍을 거래할 필요는 없고 XAUUSD만 거래하면 된다는 점을 고려하면 초급 EA는 매우 의미가 깊습니다. 그래서 저는 XAUUSD 거래에 특별히 사용되는 EA인 Apocalypse Gold를 만들기로 결정했습니다. 신호 표시 및 토론 그룹: 신호 표시:   https://www.mql5.com/zh/signals/2222996 매개변수 설정 방법을 모르거나 다른 질문이 있는 경우 여기를 클릭하십시오.       여기를 클릭하세요 원차트를 이용하여 하나의 차트에서 여러 통화쌍을 거래할 경우 모든 통화쌍을 표시하려면 왼쪽에 있는 시세표를 유지하시기 바랍니다. 한 번에 하나의
Aura White Edition MT5
Stanislav Tomilov
4.66 (35)
Aura White Edition is unique Expert Advisor that continues the Aura series of advisors. The Expert Advisor is based on the engine of Aura Black Expert Advisor , but with a number of changes and author's settings for currency pairs. Innovative methods of the programme's approach to trading, and promising performance results are possible thanks to the use of modern technologies and methods. Aura White Edition is a fully automated EA designed to trade currencies only. Working pairs EURUSD, GBPUSD,
This expert advisors search for short trend continuation movements, I recomend use it with BTC and ETH 5 Units left at 900 USD. Next price 1200 USD The approach is use a very few but high effectives rules / filters and an effective management of the opened position. Signal https://www.mql5.com/en/signals/2246489 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configure, and can be used
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Break It Down
Stephen Reynolds
4 (1)
Break It Down is based on the Directional Movement Index and tells the trader when a market trend probably maxed out and ready to fall back. This pattern is more predictable when we apply this system only when the market is rallying but within a trading range. Because traders Sell off in fear the market often moves faster when declining! When this happens, good moves can occur. As traders are no longer interested in the trend, the volume will decline and the price will usually fall back on itsel
FREE
Bouncing Bollinger
Stephen Reynolds
Bouncing Bollinger tells the trader when the market is about to reverse using 3 candlestick formations as well as the Directional Movement Index Indicator.    When the previous candle has dipped into the upper or lower Bollinger Band and a candle signal appears along with DMI showing un-volatile a signal occurs showing possible reversal ahead.  Features : A practical way of recognising when a new reversal is about to occur. Choose your favourite signal color. Send alerts to either your PC,
FREE
Three Bar Break
Stephen Reynolds
4.71 (7)
Three Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the 1st bar's High is less than the 3rd bar's High as well as the 1st bar's Low to be higher than the 3rd bar's Low. This then predicts the market might breakout to new levels within 2-3 of the next coming bars. It should be used mainly on the daily chart to help spot potential moves in the coming days. Features : A simple meth
FREE
Double Smoothed Stochastic is similar to Stochastic except for this Indicator we use what is called double exponentially smoothing. This will give the trader a more speedy response to price changes which tends to smooth out the erratic movements of a regular Stochastic. Double Smoothed Stochastic Calculation is :    DSS = EMA(r) (X - Lxn / Hxn - Lxn) x 100  MIT = EMA(r) (close - Ln / Hn - Ln) x 100 Ln = lowest low of n periods Hn = highest high of n periodsLxn = lowest low of the price se
FREE
Break Even Trader MT5
Stephen Reynolds
4 (1)
With Break Even Trader placed onto your chart, it will automatically place the stop loss and take profit levels when you open a buy or sell order. And when you are in profit by the amount defined in user settings, it will automatically move your stop loss to that break even level, thereby protecting your trade from a loss. Features : Simple to trade with you just enter your trade it will place the stop loss and take profit as input in user inputs. Sends you an alert when your trade is in profi
FREE
The 3 Bar Break
Stephen Reynolds
Three Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the 1st bar's High is less than the 3rd bar's High as well as the 1st bar's Low to be higher than the 3rd bar's Low. This then predicts the market might breakout to new levels within 2-3 of the next coming bars. It should be used mainly on the daily chart to help spot potential moves in the coming days. Features : A simple met
FREE
Three Bar Break Free
Stephen Reynolds
4.5 (2)
DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
FREE
Record Session High Trader
Stephen Reynolds
3.6 (5)
Record Session High Trader uses the concepts of within candlesticks trading to gauge when a trend might be wearing out and therefore ready for reversal or pause simply by looking at the candles. We call it a record session high when we get 8 or more previous candles that have higher closes. We call it a record session low when we get 8 or more previous candles that have lower closes. We don't rely on the typical Oscillation Indicators for recognizing overbought or oversold but more we rely on lo
FREE
DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
FREE
Trend Line Finder MT5
Stephen Reynolds
5 (2)
Trend Line Finder will project forward a support and resistance lines using 2 previous highs for resistance and 2 previous lows for support.  It will then signal to the trader by alert making the trader more aware that a possible good move is about to happen.     This is not a stand-alone trading system but is very useful in finding key areas of support resistance levels where price will usually either rebound from or breakthrough. Its down to the trader to decide what to do with use of other s
Three Bar Break EA
Stephen Reynolds
DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
The Hidden Gap EA
Stephen Reynolds
This EA is based on the Indice gaps between todays open price and yesturdays closing price. On Metatrader these are not shown as we only see a 24hr chart. If we want to know the gap between the open at 16:30 and yesturdays close at 23:30 on the SP500 this EA will reveal the gap. On Indices these types of Gap close approximately 60% of the time within the same day and is demonstrated on the panel which records previous gap closures and provides to the user a statistical proof of gaps closing for
Candlestick Oscillator
Stephen Reynolds
4 (1)
Candlestick Oscillator is a truly unique Oscillator that uses the concepts of within candlestick trading called the Record Session High. This is a method of analysing candlesticks to gauge when a trend might be wearing out and therefore ready for reversal or pause. We call it a record session high when we get 8 or more previous candles that have higher closes. We call it a record session low when we get 8 or more previous candles that have lower closes.  We don't rely on the typical Oscillatio
FREE
DSS 2TF Trader
Stephen Reynolds
DSS is similar to Stochastic except for this Indicator we use what is called double exponentially smoothing. This will give the trader a more speedy response to price changes which tends to smooth out the erratic movements of a regular Stochastic. Because its always best to know what the larger timeframes are doing. I have adopted the tactic of overlaying the larger chart of DSS over the smaller chart to gauge whats going on overall and to pint point best entry or exit points. I have left it adj
Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm that momentum is increasing and so the trend is likely to continue. Vice versa for a downtrend. Divergence is when we get higher highs on an uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend. I have combined these me
Divergence Convergence MACD is based on the classical divergence and convergence methods of charting. Divergence is when we get higher highs and lower lows on our uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend. Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm th
Bollinger Breakout Trader
Stephen Reynolds
4 (1)
Bollinger Breakout Trader tells the trader when the market is about to breakout from a non-volatile period. Non volatility usually means its building up steam for more good moves in future. A signal is formed when this switch from non-volatile to volatile occurs. These periods are measured by both Bollinger Bands and Keltner Channels. Bollinger Bands measure the standard deviation of price from the Moving Average which results in an expanding and contracting channel. Keltner Channels are based o
ZZ Scalper
Stephen Reynolds
4 (1)
This EA exploits the inevitable behaviour of price fluctuations and breakouts. Because market prices will always fluctuate to higher highs before ebbing down to lower lows, breakouts of these levels will occur.   This EA will open a trade in anticipation of catching some of the profits from these breakout moves. We use the fixed exit methods of Stop Loss, Take Profit and Trailing Stop in such a way so that we will scalp small but consistent profits.  No martingales needed, just a simple but e
MA And Oscillation
Stephen Reynolds
MA And Oscillation simple system that overcomes all the market confusion by simply looking at the moving average and stochastic oscillator and signalling when the moving average and stochastic or heading in same direction. The moving average is arguably the simplest but most effective tool when trading larger timeframes. We use this and the Oscillator to time our market entry. Features : A method of simplifying a sometimes confusing market. Choose if you want to signal only when moving average
Volume Analysis Trader looks at volume using a fixed average of volume. This averaging helps spot when volume is rising or declining. Also I have added volume spikes which are when volume suddenly is above the average. These help spot market reversals. This will hep a trader look for the following in their trading: Rising volume during a rally shows trend is strong. Falling volume on a rally shows trend is weakening. As a rule of thumb on daily charts if current volume is higher than yesterday's
Test & Trade Pad works on strategy tester as well as on live and demo charts. You can really hone your trading skills in strategy tester especially with the control of tester speed feature.  It is multi-functional tool with many useful features for testing or trading live. Has trade management features such as stop reversal, break even and trade re-entry to help you deal with stopped out trades.  It sits neatly on the left of the screen out of the way but with extra buttons, features can be e
Zig Zag 123
Stephen Reynolds
Zig Zag 123 tells us when a reversal or continuation is more likely by looking at the shift in supply and demand. When this happens a signature pattern appears known as 123 (also known ABC) will often break out in direction of higher low or lower high. Stop loss and take profit levels have been added. There is a panel that shows the overall performance of your trades for if you was to use these stop loss and take profit levels.  We get alerted if a pattern 123 appears and also if the price
Triangular Breakout
Stephen Reynolds
The Triangular Breakout looks for when there is a volume spike followed by a 3 bar break. It then draws arrow when price breaks out of the recent high or low of the 3 bar pattern. We also look for triangles that form when price fractals converge. It also will draw arrows when price breaks out of the recent high or low of this triangle pattern. There are alerts set for when either we get a 3 bar break or triangle or when we get an arrow.   According to DOW theory triangles are really momen
The Hi Lo Breakout
Stephen Reynolds
5 (1)
The Hi Lo Breakout is taken from the concept of the ZZ Scalper EA which exploits the inevitable behaviour of price fluctuations and breakouts.  The fact that because market prices will always fluctuate to higher highs before ebbing down to lower lows, breakouts will occur. But here I've added a few more filters which I see work well also as an Indicator.    Range Analysis :    When price is within a tight range this Indicator will be able to spot this and only then look for price breaks. Yo
Trend Line Finder
Stephen Reynolds
5 (1)
Trend Line Finder will project forward a support and resistance lines using 2 previous highs for resistance and 2 previous lows for support.  It will then signal to the trader by alert making the trader more aware that a possible good move is about to happen.     This is not a stand-alone trading system but is very useful in finding key areas of support resistance levels where price will usually either rebound from or breakthrough. Its down to the trader to decide what to do with use of other s
Stop Reversal & Re Entry is a varied way to exit trades and manage your losses.  I all in have made it into a 4 option utility of stop reversal, re entry with break even and partial close features for good measure.  These 4 systems are : Stop Reversal : When true will place an opposite pending order exactly where the stop level is on your current trade. In the possibility of your trade being wrong it will get you in again in the opposite direction. Ive added a Only Recover Loss feature
Elliots Triangle
Stephen Reynolds
Elliot's Triangle is taken from 1 of the 13 patterns within the Elliot Wave Theory that says social or crowd behaviour tends to reverse in recognisable patterns and of which they reveal a structural pattern that appears in nature, as well as the mass psychology of trading participants. From this, he has devised various identifiable patterns that appear in market prices. One of these is what I have named Elliot's Triangle. This triangular pattern appears to reflect a balance of forces, causing
Triple X Scalper
Stephen Reynolds
Triple X Scalper is based on 3 types of triangular price patterns along with some volume analysis. It also must be traded at the times in day when the market is most active. The method is inspired by some of Linda Bradford Raschke's trading techniques.  The 3 price patterns are as follows :  System 1 Inside Bar = Looks for a volume spike followed by the inside bar formation. Also known as my indicator 3 Bar Break.  System 2 Triangle by Fractal = Looks for when the 2 previous highest and low
Hi Lo Breakout
Stephen Reynolds
A system with steady ROI > 10% a month like clockwork!  Hi Lo Breakout strategy opens and closes trades based on the time of day in relation to the highs and lows of both yesturday and today. It will then trade out these prices using the trade management settings within user inputs.    For best results see .set file at comment  no2 . Features : A purely mechanical system. Simply set and leave. No martingale or grid.    Risks are small per trade.   An optional automatic lot adjustment feature t
Midnight Scalper is based on a sound trading principle. It is made to trade during times when the market is at low volatility. From 23:00 to 00:00 is best.  It uses multiple indicators for precise entry and exits with a basic fixed stop loss and take profit as part of its money management strategy.It does not put your funds at high risk with such methods as martingale, grid, averaging positions or no stop loss trading. ECN broker is required with a tight spread and low commission. NOTE :   Afte
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