Sorry, no content related to "33" was found

Please try to change other keywords or reach out to us via the help button

Night Hunter Pro
Night Hunter Pro
Night Hunter Pro: Description & features
Night Hunter Pro is an advanced scalping system which utilizes smart entry/exit algorithms with sophisticated filtering methods to identify only the safest entry points during calm periods of the market.NHP is a professional tool developed by me years ago that is constantly updated, incorporating all the latest innovations in the trading area.Nothing fancy here, no testing Holy Grails, no "risk-free martingale", only strict rule-based approach to trading, allowing to maximize return, while having risks under control.Features:Trading style: Night scalperSupported currency pairs: Supported currency pairs: GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF + CHFJPY, AUDCAD, EURCAD, EURAUD, EURGBP, EURJPY, AUDJPYRecommended 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+3 years verified MyFxBook, +3 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
Night Hunter 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.Night Hunter Pro verified MyFxBook track records:Night Hunter Pro Best PairsNight Hunter Pro All PairsNight Hunter Pro MT5 ExtremeNight Hunter Pro verified MQL5 live signals:Night Hunter Pro Best PairsNight Hunter Pro All PairsNight Hunter Pro MT5 Extreme
Night Hunter Pro: How to install
Once you’ve selected a broker and opened an account with them, you can proceed to install Nigh Hunter 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.
Night Hunter 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 Night Hunter Pro:Night Hunter Pro back-testing data
Night Hunter Pro: Parameters
Once you load Night Hunter 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.Night Hunter 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
Night Hunter 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.
Night Hunter Pro: Strategy
Once you load Night Hunter Pro 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.Night Hunter 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
Night Hunter Pro: What to do if your results differ from my signals
Check the set file you use. I recommend trading only the 3 best pairs, it usually gets a bit better overall results. Yes, any particular month can be better with a 9-12 pairs combination, but I'm talking about the overall statistics here. Although trading 5 pairs is also fineCheck whether your broker is good enough for night scalping at all. Many brokers have huge spreads and commissions + slippages, they will slowly get most of your scalping profits to themselves through bad trading conditions during the night. If you are not sure how to check it, please, write me in private messages or in the EA discussionUse rebate service of your liking that will pay you back part of the commission you paid to the broker or a commission discount if that is applicable to your broker. If you need advice, please, write me personallyWith IC Markets the use of AUD-nominated accounts will allow you to reduce the commission you pay to the broker by 20-30%. You will lose a bit during the exchange to/from AUD, so this is a solution for the long term. If you want to know whether this can help you, write me in private messagesYou should use the 'Split Orders' parameter in case of significant slippages on entries/exits due to the use of big lot size. This parameter will split big lot sizes on several slightly different entries to prevent slippage from occurring. Slippage dependence on the lot size varies from broker to broker, usually it is much better to keep lot size of a single entry not larger than 0.2-0.5 (2-5 lot size of the overall entry with the 'Split Orders' set to 10). If your order size is larger than 0.8-1 you will experience significant slippage with most brokers. In this case you can lower risks or split the deposit across multiple accounts/brokersIf you have a significant deposit size, better split it between different brokers, as well as between accounts of the same broker. You will diversify your trading a little bit this way and you will have lower slippages due to smaller lot sizes. You can combine splitting the entry and using several brokers/accounts to improve execution significantly for almost any sensible amount of fundsIf your results are pretty much the same as mine, just wait for at least a month, and if this month turns out to be a bad one - at least a quarter and you will see that the overall profit is close to mine and close to the overall statistics. Please, do not watch it trading day by day if you are not a professional trading with years of experience! The essential feature of the normal human psyche (not a deformed one of a professional trader) is loss aversion. To make it simple: you feel the pain of losing the money twice as much as the joy of receiving it. So if you watch trading day by day it will mess with your head: even if you have the overall profit, you will have a feeling that it all goes to hell
Night Hunter Pro: Tricks & tips
Using several brokers for diversification will help you to smooth out the overall result. BUT: all these brokers need to have good trading conditions during the night. Write me personally if you need specific advice on thatMost of the parameters are already close to optimal values. It is preferred to use default values for most parameters (except the 'Symbols separated by comma' and lot-sizing related parameters)EURUSD, GBPUSD and EURCHF are the most liquid pairs with the least slippage, night scalping usually works best on these pairs. Additional diversification across multiple pairs might help a bit in case of small lot sizes or might not help you at all (especially with significant lot sizes). Based on the Occam's razor it is better to trade only a few best pairs, not trying to involve additional diversification for little gainThe VPS choice hardly matters in case of Night Hunter Pro, as it uses pending orders. Pending order is executed on the broker side, so it's essentially like having 0 ms latency all the time, no matter what VPS you use. You might as well have 2000 ms latency with your VPS, it won't matter and execution will always be on the broker side due to the use of pending ordersIf you want to not have trades held over weekends, you need to set 'Hour to Stop Trading (on Friday)' to 22. This way EA won't open new trades at Friday and won't have trades held over weekendsIf you want to use several instances of the EA on one account (for example, to use your own optimised set files with different pairs, timing, SL levels, etc.) you need to have unique UID number for every copy of the EA! Otherwise different instances of the EA will conflict with one another. For example, first set file can have UID = 0, second one a have UID = 1 and so onIf you get "Failed to get MODE_MARGINREQUIRED" error and it's there multiple times it means one of the following:You either got some of the symbols wrong (e.g. haven't added suffix)Or you haven't shown symbols you would like to trade in the Market WatchOr you listed symbols in the 'Symbols separated by comma' parameter using wrong delimiter (for example, a dot or some other symbol instead of a comma)Some brokers might restrict having pending orders too close to the current price, effectively restricting any scalping this way. Most brokers do not use such option, as it is mostly used by small brokers working against its own clients, but you can check if your broker has something like this (picture "Stops_Level" below)