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Evening Scalper Pro
Evening Scalper Pro
Evening Scalper Pro: Description & Features
Evening Scalper Pro a 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 logic on cross pairs that have a strong mean-reverting tendency with high profit targets.Evening Scalper Pro enters the market with market orders from 19 to 23h, it does not open 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 hours at the most. This EA uses a number of advanced techniques to identify the most accurate points of entry and exit, which is why win rate is high.Features:Trading style: Night scalperSupported currency pairs: EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCADRecommended timeframe: M5 (5 minutes)Does not use martingale or gridRequires good brokerage conditions: low spread and slippage during the rollover time. I advise using a really good ECN brokerFIFO/FTMO compatible+2 years verified MyFxBook, +2 years MQL5 live signalProfit calculator3 risk management sets+20 years high-quality back-testing dataOne chart-setupMulti-currency pairs supportAdvanced news filter, stock market cash filter, new year holiday filterNegative swap filterAuto GMT detectionSelf diagnostic systemNeed to run on VPSStatistics panel14 days free trial, 30 days money-back guarantee2 months free ValeryVPSTelegram private group
Evening Scalper Pro: MyFxBook & MQL5 Live Signal
One crucial aspect in the realm of Expert Advisors is the ability to verify their track records using a reliable third-party platform. In this industry, there are unfortunately numerous individuals with malicious intentions who make false claims about their EAs, aiming to deceive unsuspecting individuals venturing into Forex trading.Without a trustworthy third-party platform that tracks the performance of Expert Advisors over time, it becomes challenging to ascertain their actual capabilities. As a result, you are left with the option of either blindly believing the claims made by the developer or questioning their authenticity.Fortunately, there are several reputable third-party platforms available for verifying track records, with MyFxBook and MQL5 being the most popular and trustworthy choices. They provide a comfortable trading environment, facilitate analysis of trading systems and accounts, and encourage idea-sharing among traders. Advanced traders can optimize their forex trading systems and monitor their trading performance, while investors and managers can connect with each other. MyFxBook and MQL5 ensure guarantee, security, and transparency in these interactions. To ensure transparency and trust, I maintain verified public MyFxBook and MQL5 profiles. It showcases more than 15 different track records of variations of my expert advisors, each with different configurations. These profile updates in real-time with every trade executed in my official accounts, meticulously recording the trading history.Evening Scalper Pro verified MyFxBook track records:Evening Scalper Pro Best PairsEvening Scalper Pro All PairsEvening Scalper Pro verified MQL5 live signals:Evening Scalper Pro Best PairsEvening Scalper Pro All PairsEvening Scalper Pro MT5
Evening Scalper Pro: How to install
Once you’ve selected a broker and opened an account with them, you can proceed to install Evening Scalper Pro Expert Advisor in order to start trading with itThere are three different things you will need for that:VPS (Virtual private server): A virtual machine offered as a service, that can be accessed remotely. I strongly recommend you to install my EAs on a VPS to ensure they will be able to run continuously without interruptions, or needing to have your PC switched on all day long.Trading platform (MetaTrader 4 or 5): The gateway platform that will connect your Forex broker and my Expert Advisors. You will be using MetaTrader 4 or 5, the most popular and complete platforms used for Forex retail trading.Expert Advisor files: These are my Expert Advisor .EX4/.EX5 files that you will be loading in your MetaTrader 4 or 5 platform, in order to trade with them in your account.To make the installation process as simple and flexible as possible, you can choose three different options:“Easy installation” (recommended): Where you get everything done for you, by simply accessing to a ValeryVPS server, where you’ll find all my Expert Advisors already downloaded, installed & configured in all of the main MetaTrader brokers, ready to go. Best for beginner/intermediate traders.“Manual installation”: Where you download, install, and configure my Expert Advisors by yourself, in your preferred VPS or your own computer. Best for advanced/professional traders.“MQL5 installation”: Where you download, install and configure my Expert Advisors in your MQL5 VPS or own PC, directly through the MQL5 marketplace platform.It’s up to you which one to choose, and it will probably depend on how much experience you have with Expert Advisors and MetaTrader platforms in general.
Evening Scalper Pro: Back-testing
Before ever deciding to trade with an Expert Advisor, it is a good idea to back-test it. Backtesting is a method of analyzing how well a trading strategy could perform by applying it to historical data from the real world. It helps you compare different strategies and choose the one that gives you the best results.The idea behind backtesting is that strategies that worked well in the past are likely to perform well in similar market conditions in the present and future. By testing trading plans on previous datasets that closely match current market conditions, you can see how they would have performed before actually making any trades.However, it's important to remember that backtesting doesn't guarantee success in the current market. Past results are not a foolproof indicator of future performance. Backtesting is simply a part of doing your research before entering a trade. It helps you understand the potential volatility of an asset and take steps to manage your risk accordingly.You should also keep in mind that real trades involve fees that may not be considered in backtests. It's crucial to account for these trading costs when conducting simulations, as they will affect the profit-loss margins on a live trading account.That’s why constantly back-test all of my Expert Advisors, with real tick data and 100% accuracy trading history. Here you have links to +20 years of backtests for Evening Scalper Pro:Evening Scalper Pro back-testing data
Evening Scalper Pro: Parameters
Once you load Evening Scalper Pro on your chart, pop-up box will appear showing the settings of your EA. Make sure that all the settings and alerts are correct before clicking OK.Evening Scalper Pro parameters:Allow Opening a new Trade - enable/disable opening of new trades. You can disable it while having opened trades to have the EA close trades that are opened, but stop opening new ones after thatLot-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, and 3 predefined presets will calculate risk automatically for you. When you choose one method you will only use the parameters that refer to it. For example, if you have chosen Dynamic Lots option you should use the 'Dynamic Lot' parameter below. Changing 'Fixed Lot' and 'Max Risk per Trade' won't matter. Also when you choose one of the predefined risk profiles all the three parameters below won't matterFixed Lot - fixed trading lot. If you want to have all trades the same fixed lot size, select "Fixed Lots" in the 'Lot-sizing Method' and set here the lot size you wantDynamic Lot - balance/equity to be used per 0.01 lot. If you want to have for example 0.01 lot size per 100 of your deposit select "Dynamic Lots" in the 'Lot-sizing Method' and set 100 in the 'Dynamic Lot' parameterMax Risk per Trade - will calculate the lot size, so that risk per trade stays within specified limit. E.g. setting this parameter to 5 will have all trades lose 5% of the deposit in case of hitting SLMaximum Lot - maximum allowed trading lot. The EA won't open trades higher than this lotMaximum Spread, in pips - maximal allowed spread for position closing. Works rarely, as most of the trades are closed using TPMax Floating Drawdown in Money - if the floating drawdown in money exceeds the specified value, the EA will perform actions specified in the 'Max Drawdown Action' parameter. This option can be used, for example, to prevent losses higher than specified by your prop trading firmMax Drawdown Action - allows specifying actions to be taken after the max. drawdown is reached (in money or %):'Close trades & stop trading for 24h' - the EA will close all open trades and will not open new ones for 24 hours;'Close trades & stop trading until restart' - the EA will close all open trades and will not open new ones until the EA/MT restarts;'Prohibit opening new trades' - new trades will be prohibited as long as the floating drawdown is above a specified value;'Prohibit opening new trades until restart' - new trades will be prohibited until the EA/MT restartMax Drawdown Action - Max Drawdown Calculation -  allows to specify how the maximum drawdown is calculated:'The account' - takes into account all positions opened on the account, including trades opened manually or by other EAs;'This strategy' - takes into account only positions opened by this set file of the EAMaximum Net Number of Currencies -  allows to limit the number of open trades with the same currencies (not symbols/currency pairs) in the same direction. The parameter does not lead to performance improvements on tests, still, it limits risks, so it is recommended to be used with a value of 2 when more than 3 pairs are traded at a time. This parameter limits the exposure to risk in a smart way (not just by limiting the number of pairs traded)For example, we set 'Maximum Net Number of Currencies'=2 and got 3 position open:long EURUSDlong GBPUSDshort EURCHFNet number of open positions with the same currencies:EUR = 0 (long EURUSD + short EURCHF)USD = -2 (long EURUSD + long GBPUSD)GBP = 1 (long GBPUSD)CHF = 1 (short EURCHF)As you can see, USD has reached the max. limit (-2), so any orders that can lead to a new short USD trade (for example, short USDCHF) will be canceled and prohibitedMedium Impact News - enable/disable news events with medium impact (2 stars news)Low Impact News - enable/disable news events with low impact (1 star news)Speaks - if false, then the EA will not take into account news events marked as Speeches/SpeaksNews List Refresh Rate - news events list update frequency (selection from the drop-down list)Symbol Suffix - here you can specify a symbol suffix if your broker uses onePlacing Orders During Rollover Time - enable/disable placing pending orders during rollover timeFriday Half Lots - halving trading lots on Friday eveningHandle Max Drawdown Events on Every Tick - enable/disable drawdown event handling on every tick (instead of once a minute that is used by default, it may consume more CPU resources)Max Daily Drawdown Limit % FTMO Rules in Money [0-disabled] - maximum daily drawdown limit in MONEY, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into accountMax Daily Drawdown Reset Hour FTMO Rules (Broker time) - hour to reset the max. drawdown with the prop firmMin Profit To Close Trade Before Midnight, in pips [0-disabled] - automatically closes profitable trades before midnight if the specified profit is reachedHide TakeProfit - on/off TakeProfit hidingMax Open Lots - here you can put a value limiting the total lots that can be opened by the EA on all currency pairsMinutes to Stop Trading - minutes to stop tradingBlock Trading for the Entire Day - prohibits opening new trades throughout the day if HV hits the specified level just once at any moment during the dayShow Stats - show a panel with some statistics
Evening scalper Pro: Risk management
When it comes to selecting a risk level which is appropriate for you personally I recommend using the table below. You can find it also on this Telegram channel post.Select the risk level with which you get a maximum historical drawdown, which is 1.5 times smaller than what you can handle. That should give you a good estimate of what your ideal risk level is.
Evening Scalper Pro: Strategy
Once you load Evening Scalper Pro on your chart, pop-up box will appear showing the settings of your EA. Make sure that all the settings and alerts are correct before clicking OK.Evening Scalper Pro Strategy:Symbols separated by comma - list of pairs to trade. Suffix needs to be included if your broker uses one! Supported pairs: GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF + CHFJPY, AUDCAD, EURCAD, EURAUD. First 3 ones are the preferred option (like on Best Pairs and MT 5 Extreme signals)Hour to Start/Stop Placing Orders - when to start/stop placing pending orders. Set Smart Time Filter to false if you want to optimize these parametersSmart Time Filter - enable/disable smart time filter, it is preferred to enable this parameter, unless using custom set files with optimized timing parametersHour to Stop Trading (on Friday) - hour to stop trading (on Friday). All open positions will be closed at this hour. Set it to 22 if you do not want trades to be held over weekendsNew Year Holiday Filter - enable/disable Christmas/New Year filter.  It is recommended to use this filter to prevent low-liquidity market tricks during these holidaysStopLoss, in pips - stop loss value in standard 4 digit pips. By default are used different optimal SL values for different pairsHide StopLoss - enable/disable SL hiding. You may use this option to hide your real SL from the brokerRollover Time Filter - enable/disable the rollover filterSwap Filter - cancels trading on Wednesday evening in the direction of the negative swap or cancels trading on every day when swap is exceeded (parameter is adjustable). It is preferred to be used with the default value. Can be disabled on swap-free accountsMax Negative Swap, in pips - max negative swapUID (0...9) - unique EA instance number. Usually no need to change it, unless using different set files on the same pair (might be needed for advanced users with their own custom configurations). In this case you need to make sure that every set file uses unique UID numberShowPanel - enable/disable Info-panel. It is better to enable the info-panel, as it will show most of what can go wrong there. But it can be disabled to save VPS resourcesGMT/DST Test - GMT offset in winter and DST in Tester. This parameter has no effect on live trading (unless 'Disable Automatic GMT Detection' is set to true)Disable Automatic GMT Detection - Set it to 'true' to disable automatic GMT detection. You can use the 'GMT Test/Manual' and 'DST Test/Manual' parameters to manually set the GMT offset in live tradingNews Filter can be used in the Strategy Tester. To apply the option you should download the news events data file 'NewsEvents.txt' and copy it to the common MT4/5 directory - '\Common\Files' (File -> Open Data Folder -> Up to ‘Terminal’ -> Common -> Files). The data file can be found using the link above