- April 16, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Blazing Night Scalper EA Review:
Blazing Night Scalper EA is a Night Scalper that is totally automated. It is applicable to all major currency pairings.
The main method is to use mean reversion at the end of the US season. The system is primarily interested in making little, consistent profits. Grid, martingale, averaging, and other risky tactics are not used by the EA.
Every position has a predetermined stop loss.
Definition of a General Strategy:
Blazing Night Scalper EA only trades for two hours, from 21:00 to 22:59 GMT (London Time).
On each pair, this system only keeps one position at a time.
The direction in which it enters is determined by the mean reversion approach.
It certainly works on a VPS.
EURUSD M5 as the setup symbol and timeframe.
When this is the case, one chart is sufficient for trading all of the specified pairs.
AUDUSD, CHFJPY, EURAUD, EURCHF, EURGBP, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, and USDCHF are my top 11 currency pairings.
300 USD is the minimum account balance.
ECN Brokers is the broker.
All leverages are acceptable (Prefered: Greater than 100).
The Trader robot works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Best Brokers List :
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Blazing Night Scalper Settings :
Please double-check that the London time shown in the chart corresponds to the actual London time. If it is not the same, modify the Broker GMT input option when attaching the EA to the chart.
In the prior time, Blazing Night Scalper EA used a price mean reversion technique. It is assumed that the price will constantly gravitate to its average value, according to this technique. As a result, if the price rises beyond its average value, the EA will place a Sell order. In the other case, if the price falls below the average, the robot will place a Buy order.
From 21:00 to 22:59 GMT, the EA only opens orders for two hours at the end of the American session. As a result, don’t anticipate this Expert Advisor to launch a transaction quickly or make a rapid profit.
Blazing Night Scalper Results :
As you can see, with a risk of 7% for each pair, the EA passes the test in 2 years with a drawdown of 18.23% (this indication is significantly lower with Lot Calculation Type = Fixed Lot). What is a satisfactory outcome? Of course, you should not employ a risk of more than 3% per pair on a real account.
We highly recommend trying this trading system for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.