Evening Scalper Prois the state-of-the-art mean-reversion trading system that operates during the American trading session. It's very different from most other scalping systems, since it uses a unique trading logicon cross pairsthat have astrong mean-reverting tendencywith high profit targets. EA enters the market with market orders from 19 to 23h, it doesnotopen trades during rollover (0:00-1:00). In terms of a trade duration it's classical scalping:in and out of the trade within a few hoursat the most. The EA uses a number of advanced techniques to identify the most accurate points of entry and exit, which is why win rate is high
Backtests should be done with Tick Data SuiteGMT+2withUS DST.This GMT offset is used by most brokers
How to install
The EA must be attached to ONLY one M5 chart, EURUSD is recommended (because it has the most price ticks)
If your broker uses a suffix (e.g. EURUSD.a) you should update names in theSymbolparameter
Use recommended pairs only. You don't need .set files, all settings are stored internally in the EA
Please allow web requests to the following URLs for news filter and GMT detection(delete spaces!):
https: //ec.forexprostools.com
https: //www. worldtimeserver.com
http: //timesrv. online
Requirements
The EA requires good brokerage conditions:low spreadandslippageduring the rollover time. I advise using a reallygood ECN broker.Write me personally for advice
The EA should run on a VPS continuously
Setting
Allow Opening a new Trade - on/off opening new trades
Lot-sizing Method - select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the "Fixed lot" parameter, Dynamic Lots will use Dynamic Lot parameter, Max Risk per Trade will calculate lots based on % risk per trade, 3 predefined presets will calculate risk automatically for you
Fixed Lot - fixed trading lot
Dynamic Lot- balance/equity to be used per 0.01 lot
Maximum Lot- max allowed trading lot
Maximum Spread, in pips - max allowed spread for position closing
Maximum Slippage for a non-ECN acc, in pips - max allowed slippage
Maximum Symbols at a time - max allowed number of symbols that can be opened at the same time
Allow to Buy/Sell- on/off Buy/Sell trades
Maximum Drawdown Percent- if current floating drawdown exceeds the specified % the EA will close open positions
Strategy
Symbols separated by comma - list of pairs to trade. Suffix needs to be included if your broker uses one!
Hour to Start/Stop Opening Orders- when the EA can start/stop opening new orders. Set Smart Time Filter to false if you want to optimize these parameters
Smart Time Filter- on/off smart time filter
Hour to Stop Trading (on Friday)- hour to stop trading (on Friday). All open positions will be closed at this hour
New Year Holiday Filter - on/off Christmas/New Year filter
StopLoss, in pips - stop loss value in standard 4 digit pips
Hide StopLoss - on/off SL hiding
Swap Filter - cancels trading on Wednesday evening in the direction of the negative swap
Max Negative Swap, in pips - max negative swap
News Filter Enabled - on/off News Filter
Others
Trade Comment - comment
UID (0...9) - unique EA instance number. Usually no need to change it
ShowPanel - on/off Info-panel
GMT/DST Test - GMT offset in winter and DST in Tester.This parameter has no effect on live trading
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