What timeframe ought to I exploit?

Please put AlgoTradingNightEA on USDCHF M5 chart and it’ll robotically commerce all of the symbols (with default settings + Full Auto Commerce – true)

Is it FIFO compliant?

With default setting no, it isn’t. AlgoTradingNightEA  requires a hedge account to run correctly. 

However it may be used with FIFO, simply set just one Purchase/Promote mode (Permit SellLimit/Permit BuyLimit)

Which model ought to I get? MT4 or MT5?

The algorithm is identical, however as a result of specifics of the code implementation, orders might differ. Additionally, within the mt4/mt5 terminal on the identical account / dealer, quotes might differ barely, in addition to delays and PC/VPS workload might have an effect on the consequence

What number of activations do I get?

AlgoTradingNightEA  comes with 7 activations.

How usually do you intend updates?

For now, AlgoTradingNightEA  is an entire product. it will likely be up to date as wanted and new concepts seem

Which VPS supplier do you suggest?

I can’t suggest any VPS. Write me pm for added data.

Is there a Telegram group?

No, that is in opposition to the principles of the market. Full assist is offered within the dialogue part and in personal messages

Is AlgoTradingNightEA   accessible to buy anyplace else?

No, it’s accessible solely on MQL5 so in the event you discover it anyplace else, it is not going to be a real product. 

Why do I get totally different/worse backtest outcomes?

1. The standard of market knowledge offered by your dealer (it varies from dealer to dealer)
2. The swaps and unfold of every dealer might have an effect on the backtest outcomes
3. Invalid WinterGMT Offset worth (guarantee that the proper worth is specified. You have to specify the GMT of your dealer (terminal), which is used from November to March. I.e. If the dealer has GMT +3 in summer season (from April to October), and GMT +2 in winter (from November to March), it’s essential to specify Winter GMT Offset = (+2)). On the primary widespread brokers, this worth is +2 (because the default)

Is dwell buying and selling the identical as backtesting?

When you’ve got prime quality knowledge offered by dealer sure, it’s precisely the identical as actual buying and selling (there could also be some variations attributable to delays and VPS/PC load)

How do I backtest it?

the very best high quality testing might be obtained within the mt5 terminal. Within the mode each tick relies on actual ticks

For full automated testing mode for all forex pairs specified within the EA settings, specify (Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs) – true), this mode works solely in MT5 tester.

in the event you do check at MT4 tester to get extra actual outcomes, I like to recommend utilizing further software program (for particulars, write to me in PM)

in MT4 tester, you possibly can solely check every particular person pair. To do that, choose the image on which you’ll check, activate  Full Auto Commerce – and disable buying and selling with all different symbols within the Knowledgeable Advisor settings (in mt5, to check every particular person forex pair, it’s essential to additionally disable buying and selling of all forex pairs within the settings, aside from the one you need to check, you can’t change the image within the tester (depart USDCHF)).

What yr can I backtest from?

There isn’t any restrict, however earlier in 2016, market situations have been utterly totally different (liquidity was very low, and spreads have been very massive) and don’t correspond to at the moment’s market situations.

Learn how to begin the knowledgeable:

1. Run AlgoTradingNightEA  simply on one chart– USDCHF (M5 timeframe and set  Full Auto Commerce – true ). As soon as it’s connected to a chart, it’s going to robotically scan charts of different forex pairs and open positions accordingly. 
2. IMPORTANT! If you’re operating AlgoTradingNightEA on a model new platform – this is what it’s worthwhile to do to ensure that it to begin buying and selling:

• MT5: run backtest from final yr so the EA will get sufficient mandatory historic knowledge so as to gas up a few of its mandatory instruments
• MT4: click on CTRL + U and add each Main and Minor image into your market watch. Then open H1 chart of each single one among them and depart it on for a minute or two so knowledge can be downloaded. Then restart the platform and run the AlgoTradingNightEA  simply on one chart– USDCHF (M5 timeframe and set Full Auto Commerce – true )

Are the default settings good?

Sure, solely want set (Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs) – true) and you may change them accordingly to your type of buying and selling for instance by altering “Danger per commerce”

Is there a really helpful set file accessible?

Default settings are really helpful +  (Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs) – true) 

What’s the minimal begin stability?

The minimal really helpful begin stability is $200

Can AlgoTradingNightEA run alongside different consultants? 

Sure, however please guarantee that all of your knowledgeable advisors have totally different magic numbers and that you just modify the chance accordingly

How can I enhance the revenue?

You may enhance your revenue by both growing fastened lot or growing threat per commerce within the settings. 

Learn how to enhance traded lot sizes?

The simplest option to enhance the traded lot measurement is by growing the Danger (%) / fastened lot/ LotStep. 

The inputs are described in particulars within the enter part

Learn how to repair error 4752?

This error signifies that you just’ve not enabled auto buying and selling. To be able to repair this, it’s worthwhile to carry out two duties:

Firstly, the “Algo Buying and selling” button on prime of your Metatrader terminal ought to be inexperienced (enabled)

Then in knowledgeable settings in “Frequent” part the “permit Algo buying and selling” field ought to be checked 

My symbols have prefix or suffix, what do I do?

If at your dealer Image Title have prefix/sufix please chang image identify at setting!!!

What if my account is in a unique forex than USD?

It doesn’t matter what forex is your account in, AlgoTradingNightEA handles it robotically

Learn how to repair error “Indicator ‘………’ can’t load”?

It means the historical past of charts are usually not loaded, to repair this as soon as open all of the charts of the symbols you included within the image record and let the charts load

Please see an in depth description of all of the inputs of the AlgoTradingNightEA  under:

Major timeframe

the primary timeframe for the AlgoTradingNightEA  / indicators used

Full Auto Commerce (USDCHF/EURCHF/EURUSD/GBPUSD/USDCAD + further pairs)

prompts the buying and selling mode for all pairs specified within the enter parameters (to check one of many forex pairs individually, flip off buying and selling with all pairs besides the one you need to check within the enter parameters). At MT4 tester this mode not work.

Checking a brand new bar solely by the primary image

checking a brand new bar solely by the primary image on which the Knowledgeable Advisor is put in (USDCHF)

Magic Quantity

ID of the adviser’s transactions

EA Remark

touch upon the adviser’s deal

Use Stability/Fairness for AutoLot

use the stability or fairness  to calculate the lot

Lot calculation mode

lot calculation methodology 

 – Use Danger for AutoLot

 – Use LotStep by stability

 – Use Repair Lot

Lot Step AutoLot

lot step when calculating a buying and selling lot within the  ( LotStep by stability) mode

Stability Step AutoLot

stability step when calculating a buying and selling lot within the  (LotStep by stability) mode

Repair Lot

fastened lot for buying and selling within the mode ( Use Repair Lot)

Take Revenue (most important pair)

TP for the primary pair (USDCHF)

Further test TP

further TP test for positions (in case of constructive slippage)

Max TakeProfit (in pips)

Most TP measurement, with further TP test

Cease Loss (most important pair)

SL for the primary pair (USDCHF)

Max Unfold (in pips)

Most allowable unfold measurement for open orders

SellLimit Shift (in pips)

the shift for putting a pending restrict order, relative to the calculated degree

BuyLimit Shift (in pips)

the shift for putting a pending restrict order, relative to the calculated degree

Winter GMT Offset

You have to specify the GMT of your dealer (terminal), which is used from November to March. I.e. If the dealer has GMT +3 in summer season (from April to October), and GMT +2 in winter (from November to March), it’s essential to specify Winter GMT Offset = (+2)).

EA Begin Hour (most important pair)

Begin Minute (most important pair)

EA Finish Hour (most important pair)

Finish Minute (most important pair)

The time of operation of the Knowledgeable Advisor for the primary forex pair specified within the parameter (USDCHF_SYMBOL_NAME)

Commerce at Monday morning (most important pair) (On/Off)

Begin Minute at monday (most important pair)

Commerce at Friday night (most important pair) (On/Off)

Enabling/disabling buying and selling on Monday morning and Friday night for the forex pair specified within the parameter (USDCHF_SYMBOL_NAME)

Commerce at Monday morning (further pairs) (On/Off)

Begin Minute at monday (further pairs)

Commerce at Friday night (further pairs) (On/Off)

Enabling/disabling buying and selling on Monday morning and Friday night for the forex pair specified within the parameter (GBPUSD_SYMBOL_NAME =”GBPUSD”/ ADDITIONAL_SYMBOL_NAME_1 and so on)

Permit SellLimit

Permit BuyLimit

Permit/prohibit Buylimit/Selllimit orders

Major mode (USDCHF – On/Off)

Permit/prohibit buying and selling in the primary mode (for the pair specified within the parameter(USDCHF_SYMBOL_NAME))

Danger AutoLot Major USDCHF

Lot measurement based mostly on the chance per transaction (% of the deposit) for the pair specified within the parameter(USDCHF_SYMBOL_NAME), when utilizing   Lot calculation mode (Use Danger for AutoLot)

EA Begin Hour (further mode)

Begin Minute (further mode)

EA Finish Hour (further mode)

Finish Minute (further mode)

The time of operation of the Knowledgeable Advisor for all different forex pairs  EURCHF/EURUSD/GBPUSD/USDCAD + further pairs, besides (USDCHF_SYMBOL_NAME)

Further chanel filter (most important pairs)

Filter trades based mostly on channel measurement

Further chanel filter interval (D1) (most important pairs)

The interval for the filter

Further chanel filter measurement (most important pairs)

Most channel measurement for the desired interval

Further chanel filter (further pairs);

Filter trades based mostly on channel measurement

Further chanel filter interval (D1) (further pairs)

The interval for the filter

Further chanel filter measurement (further pairs)

Most channel measurement for the desired interval

GBPUSD_SYMBOL_NAME =”GBPUSD”;

and so on SYMBOL_NAME

Title of symbols of most important (USDCHF_SYMBOL_NAME) and extra forex pairs

if there’s a suffix/prefix within the names of your dealer’s forex pairs, please right them in these parameters

EURUSD_trade

–

–

–

ADDITIONAL_SYMBOL_NAME_1_trade/2/3/4/5/6/7/8/9

Enabling/disabling buying and selling with the desired symbols

Danger AutoLot EURUSD

–

–

Danger AutoLot ADDITIONAL_SYMBOL_1/2/3/4/5/6/7/8/9

Lot measurement based mostly on the chance per transaction (% of the deposit) for the pair specified at this parameters, when utilizing   Lot calculation mode (Use Danger for AutoLot)

EURUSD_SL

–

–

ADDITIONAL_SYMBOL_NAME_1_SL/2/3/4/5/6/7/8/9

Cease Loss for the pair specified at this parameters

EURUSD_TP

–

–

ADDITIONAL_SYMBOL_NAME_1_TP/2/3/4/5/6/7/8/9

Take Revenue for the pair specified at this parameters

BBand interval (further mode)

BBand shift (further mode)

BBand deviation (further mode)

BBand utilized worth (further mode)

Parameters of the Bollinger Bands indicator for added forex pairs

TP Modyfi Filter

Interval MA filter

Interval MA filter

2 MA durations for TP Filter 1

TP Filter 1 most important pair (On/Off))

TP Filter 1 additionals pairs (On/Off))

TP modification filter based mostly on a set of MA indicators in addition to the indications listed under

Time to activate Purchase TP filter (Hours)

Begin worth for Purchase TP filter

Kooficeient for Purchase TP filter

Time to activate Promote TP filter (Hours)

Begin worth for Promote TP filter

Kooficeient for Promote TP filter

If purchase place revenue level <

Purchase place TP =

If promote place revenue level <

Promote place TP = 

TP Filter 2 most important pair (On/Off))

TP Filter 2 additionals pairs (On/Off))

min TP for filter 2

max TP for filter 2

Hour to begin filter 2

Further filter 2 for TP modification

TP Filter 3

Time to activate Purchase TP filter 3 (Hours) 

Time after cease Purchase TP filter 3 (Hours) 

Kooficeient for Purchase TP filter

Minimal TP for Purchase TP filter

Time to activate Promote TP filter 3 (Hours)

Time after cease Promote TP filter 3 (Hours)  

Kooficeient for Promote TP filter

Minimal TP for Promote TP filter

Further filter 3 for TP modification (not utilized by default, can be utilized for added optimization and seek for your settings)

Correction degree to VID most important pair

Correction degree to VID further pairs

VID c-period

VID e-period

Correction of the extent of pending orders based mostly on the VIDYA indicator (not utilized by default, can be utilized for added optimization and seek for your settings)

filter 6 (most important pair) (on/off)

filter 6 (add pairs) (on/off)

mixture of filters and extra market indicators to change the extent of pending orders

filter 6 for USDCHF order shift

–

–

–

filter 6 for ADD_SYMBOL_1 order shift

–

–

–

the scale of the shift of orders when the filter is activated 6

filter 7 (most important pair) (on/off)

filter 7 (add pairs) (on/off)

a variety of further filters for transactions based mostly on MA/channel measurement, and so on.

Swap filter 3days

Swap worth filter (in level) if swap worth complete is much less no commerce

Triple swap filter, don’t open trades if the day of the triple swap, if the swap measurement is unfavorable and under the desired parameter, the order can be positioned solely after the rollover.

Max FREEZE LEVEL – most degree FREEZE LEVEL.