NY Close Scalper EA is an automated Expert Advisor designed specifically for night scalping, utilizing a mean reversion strategy during the close of the daily New York trading session. This EA does not employ risky strategies such as martingale, hedging, or grid trading. Instead, it focuses on secure trading practices with defined Take Profit (TP) and Stop Loss (SL) levels, typically using small stop losses to protect capital.
Safe Trading Practices:The EA avoids dangerous trading methods, ensuring that each trade is safeguarded by a TP/SL. This minimizes the risk and enhances the protection of the trading capital.
Recommendations for Using NY Close Scalper EA:
Key Features:
Night Scalping Strategy:NY Close Scalper EA executes trades during the late hours of the New York trading session, between 16:00 and 18:00 New York time. The EA adapts to daylight saving time changes automatically, eliminating the need for manual adjustments.Safe Trading Practices:The EA avoids dangerous trading methods, ensuring that each trade is safeguarded by a TP/SL. This minimizes the risk and enhances the protection of the trading capital.
Recommendations for Using NY Close Scalper EA:
- Minimum Account Balance:
- A minimum balance of $50 is recommended to start trading with this EA.
- Optimal Currency Pairs:
- The EA is optimized for trading EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURAUD, and EURCAD but can be used with other pairs.
- Time Frames:
- Best results are achieved on the M5 timeframe, although the EA can operate on all timeframes.
- Operational Guidelines:
- Turn off the EA during major events such as general elections in the UK, US, or Europe.
- For stable performance, use the EA on a VPS with very low latency to ensure uninterrupted operation.
- A low spread account is highly recommended for optimal trading conditions.