Introduction
AlgoTradingNightEA is a fully automated expert advisor designed for trading during low volatility evening hours. This EA targets price deviations across multiple currency pairs, including USDCHF, EURUSD, GBPUSD, EURCHF, USDCAD, GBPAUD, CADCHF, EURAUD, AUDCHF, and GBPCHF. It employs filters to prevent unprofitable trades and uses GMT Offset settings to adjust trading times. With customizable lot sizes, trading hours, stop loss, and take profit settings, it aims to provide a flexible trading experience. However, user reviews and performance metrics suggest a mixed reception.
Comparison with EASY Trendopedia
When comparing AlgoTradingNightEA with EASY Trendopedia, several differences become apparent. EASY Trendopedia is built on the EASY Trading AI strategy, which ensures dynamic market adjustments and comprehensive risk management. It includes features like Day of Maximum Profit and Day of Maximum Loss to protect investments, making it highly adaptable and profitable.
Pros of EASY Trendopedia:
- Dynamic market adjustments
- Comprehensive risk management
- High profitability
- User-friendly interface
Cons of EASY Trendopedia:
- Requires a learning curve to master all features
- Higher initial investment
Pros of AlgoTradingNightEA:
- Targets low volatility periods
- Customizable lot sizes and trading hours
- Multiple currency pairs
Cons of AlgoTradingNightEA:
- Infrequent trades
- Requires large lot sizes for profitability
- Mixed user reviews
Overall, EASY Trendopedia offers a more robust and profitable trading experience, especially for traders looking for dynamic adjustments and comprehensive risk management.
Pros and Cons
Pros of AlgoTradingNightEA:
- Effective during low volatility evening hours
- Customizable settings for lot sizes, trading hours, stop loss, and take profit
- Supports multiple currency pairs
Cons of AlgoTradingNightEA:
- Infrequent trades as noted by users
- Requires large lot sizes to be profitable, increasing risk
- Performance varies significantly between brokers
Optimal Conditions for Use
AlgoTradingNightEA works best during low volatility evening hours when market movements are minimal. This EA is ideal for traders who prefer a conservative approach and are willing to wait for the right trading conditions. However, it is crucial to test the EA on a demo account before going live to understand its performance under different market conditions and broker settings.
Source Code of AlgoTradingNightEA
We do not have access to the original source code of AlgoTradingNightEA sold on MQL5. However, we have created a sample code based on its description available on the MQL5 website. This code is a representation of how the EA might function, but it is not the actual code sold by the developer. For detailed statistics and more information, visit our website.
Code:
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If you have any questions about the code or need further assistance, feel free to ask. This example code is provided by easytradingforum.com, based on the description of AlgoTradingNightEA available on MQL5. Please note that the EASY Trading Team does not sell AlgoTradingNightEA; we have only created a code based on its description. We encourage users to share their opinions and experiences on our forum to help others make informed decisions.