NY Close Scalper EA
NY Close Scalper EA is a Powerful Forex Auto Trading EA Robot optimized for up to 20% Monthly Profit. Order Now to get 90% Discount.
Symbols: EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURAUD, EURCAD
Time frame: M5
Max. draw down in 16 year back test: $56 per 0.01
Because the EA will trade around the New York close time (16:00 – 18:00 New York time), the GMT time will be different in summer compared to winter (DST: daylight saving time). But the EA has daylight saving times stored internally, so there is no need to adjust the trading hours manually.
The EA should run on a VPS without interruption (also Friday ) to store the historic data.
For backtest it is important to have the correct GMT settings. Ideally, backtests should be done with Tick Data Suite GMT+2 with US DST.
Because this strategy is trading around swap time the spread are often very large. You must use real spread in back testing. But remember that the spread are often very different between brokers at that point .
The EA should be turned off on days of important events, for instance general elections in UK, US or Europe!
General Trade Settings
- daily Equity Stop Percentage: IMPORTANT: please read point 6 within the blog post.
- order Comment – Each trade will show this comment in history tab.
- magic Number – individual magic number. The EA will only manage position of the chart symbol with this atomic number .
- lot Type – “fixed” or “increasing”, where the lot size is calculated automatically.
- fix Lots – fixed lot size just in case lot Type = fixed.
- lot Step – what proportion the lot size should be increased every equity Per Step (if lot Type = increasing).
- equity Hard Stop – if the equity falls below that level the EA will close open positions (only of this strategy) and can not open any new positions.
- pip In Points – for 5-digit brokers, this could be 10, for 4-digit brokers 1.
- slippage Points – Slippage utilized in Order Send() function (points, not pips).
- max Spread Pips – maximum spread allowed for entry. If smaller 0, auto settings are going to be used, which are different for every currency pair.
- Time Settings
- live GMT offset – To set GMT offset manually. Usually this is not needed.
- skip Sunday – if true the EA won’t open positions on Sunday (GMT).
- start Hour GMT – when to start trading (GMT).
- end Hour GMT – when to stop trading (GMT).
- wait Minutes Between Same Side Entry– After a buy position another buy position will only be allowed after the given time. Same for sell positions. If you’re sleeping during the trading hours you’ll limit the potential total risk with this parameter. If the last hour was a loss the EA will automatically increase wait Minutes Between Entries by quarter-hour .
- don’t Trade Triple Negative Swap – If true, the EA won’t open trades on before swap Hour GMT when the swap is negative on days with triple swap rate.
- triple Swap Day – Day at which triple swap is applied. On most brokers it is Wednesday.
- swap Hour GMT – Swap hour used if don’t Trade Wednesday Negative Swap=true.
- tester GMT offset – Only needed for tester because GMT time isn’t defined in tester and your bar data may need a GMT offset.
Register and Login to Download. Please test in a demo account first for at least a week. Also, familiarize yourself with and understand how this product works before using it in a real account. To get consistent results, this program should run on a VPS with minimal latency and no interruptions. As a result, we strongly advise you to use this program on a Reliable VPS. After completing the download in your computer or laptop you have to extract the file using WinZip software. Also check How do I Install an Expert Advisor on MT4.
Forex EA REVIEW
This Forex EA is one of the newest Forex Robot that shows itself as a very profitable low-risk trading strategy. In this forex robot review, we're going to break down the pros and cons of this automated trading system to see if it's worth purchasing for long-term trading. We hope this helps you. Wish you all the best. Happy Trading.
- Gain: 1082.93%
- Monthly Profit: 10%-50%
- Minimum Deposit: $500 Cent
- Drawdown: Maximum 25%
- Number Of Trade Per Day: 15-50
- Pair: XAUUSD, GBPUSD, EURUSD
- Time Frame: H1
- Terminal: MT4
- All trades are secured by Take Profit
- Safest EA with Scalping Strategy
- Sometimes drawdown is high
- Longer times to close trades
- Initial investment is high
- No Stop Loss
- Floating trades in the weekends
- Strict Money Management
- During a recovery, the EA can have many trades opened at the same time in the same direction
“If you don't find a way to make money while you sleep, you will work until you die.”
- Warren Buffett
MOST POPULAR FOREX ROBOT
Number One Robot for Forex Trading.
Based on Price Action and Trend Analysis with Artificial Intelligence.
Works Best with EURUSD & XAUUSD.
You can use this EA on Multiple Accounts with Life Time Premium Support.
MyFXbook, FxBlue & Live Trading Verified.
Monthly Expected Profit is 20% to 200% with very Less Drawdown.
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