AlgoTradingNight EA MT4 & Setfile – 113% Profit

Introduction to AlgoTradingNight EA for MT4 by Ivan Bebikov

AlgoTradingNight EA is a fully automated expert advisor meticulously crafted for trading during the low-volatility evening hours. Focused on precision, this EA is equipped to trade across ten currency pairs, utilizing sophisticated filters to identify optimal trading opportunities and mitigate potential losses. Designed for traders seeking a reliable, non-martingale strategy, AlgoTradingNight EA delivers robust performance with consistent results.

Key Features

• Diverse Pair Compatibility: Designed for USDCHF, EURUSD, GBPUSD, EURCHF, USDCAD, GBPAUD, CADCHF, EURAUD, AUDCHF, and GBPCHF.
• Volatility-Based Strategy: Operates during periods of low volatility, ensuring calculated entries and exits.
• Protective Measures: Uses stop loss and take profit settings on every trade. Additional filters exit positions before the stop loss is reached.
• No Risky Strategies: Does not use martingale, grid, or hedging techniques.
• Customizable Settings: Includes GMT Offset settings for seamless time adjustments, especially for brokers with different server times.
• Minimal Risk: Designed for traders new to algorithmic trading with a recommendation to start with a demo account or minimal lot size.
• Comprehensive Testing: Best results observed with up to 2-3 years of historical data using 100% tick quality for backtesting.

How to Use AlgoTradingNight EA

1. Installation: Attach the EA to the USDCHF M5 chart.
2. Configuration: Adjust settings like prefix/suffix (if applicable) for your broker.
3. Risk Management: Utilize the autolot or fixed lot options, keeping risk preferences in mind.
4. Broker Selection: Use ECN accounts with raw spreads for optimal results.
5. Continuous Operation: Ensure uninterrupted performance by using a VPS server.
6. Recommended Testing: Start on a demo account to fine-tune settings for your chosen broker.

Performance Insights

Backtesting Results:

The AlgoTradingNight EA was tested using default settings over real ticks from 2020 to 2023. Key highlights include:

• Profit Factor: 8.71, indicating strong profitability.
• Drawdown: Absolute drawdown was 2.32, with a relative drawdown of only 5.09%.
• Consistency: Achieved a win rate of 97%, with maximum consecutive wins of 337 trades.
• Minimal Losses: Recorded a maximum consecutive loss of just 4 trades.

Live Trading Performance:

Over 72 weeks of live trading with Tickmill broker:

• Growth: Achieved a 113% growth.
• Drawdown: Maximum drawdown was 17.3%, showcasing effective risk control.
• Profit Trades: A win rate of 89.3% was recorded.
• Profit Factor: A strong value of 4.02 was achieved.

Conclusion

AlgoTradingNight EA stands out as a robust and precise tool for evening trading. With its stringent risk controls, compatibility with multiple currency pairs, and excellent backtest and live performance records, this EA caters to traders aiming for consistency and long-term profitability. The absence of high-risk strategies makes it suitable for both novice and experienced traders.