Evening Edge EA MT4 – Free Download

Overview Evening Edge EA 

The "Evening Edge EA" is a fully automated expert advisor tailored for trading during evening hours with low market volatility. Designed to trade on multiple currency pairs (USDCHF, EURUSD, GBPUSD, and more), the EA emphasizes safety and reliability, steering clear of high-risk strategies like martingale, grid, or hedging. Its unique features focus on managing risk, leveraging filters to prevent unprofitable trades, and adjusting settings based on broker requirements. Below, we explore its features, performance, and considerations for use.

Technical Specifications

Version: 3.8
Year of issue: 2024
Working pairs: USDCHF/EURUSD/GBPUSD/EURCHF/USDCAD/GBPAUD/CADCHF/EURAUD/AUDCHF/GBPCHF
Recommended timeframe: M5 
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000

Best Brokers List

Evening Edge EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Evening Edge EA Settings

Key Features

1. Multi-Currency Pair Support
   The EA supports trading on ten pairs, including USDCHF, EURUSD, and GBPUSD. If a broker uses prefixes or suffixes in currency symbols, the EA provides configuration options to accommodate these variations.
2. Low Volatility Strategy
   The strategy is optimized for evening trading when market volatility is low, targeting price deviations.
3. Risk Management
   • Stop Loss and Take Profit: Ensures every trade is protected, minimizing the impact of adverse market movements.
   • Exit Before Stop Loss: Includes a filter to close trades early if a negative outcome seems likely.
4. Time and Broker Customization
   • GMT Offset Settings: Pre-configured for popular brokers, eliminating guesswork for time-based trading adjustments.
   • Flexible Adjustments: Users can modify settings like lot sizes, trading hours, and trading sessions.
5. Advanced Settings
   • AutoLot Calculation: Dynamically adjusts the lot size based on account balance or equity.
   • Additional Filters: Prevent unprofitable trades, with the promise of more filters in future updates.
   • News Filtering: Avoids trading during high-impact news events with web-based filtering options.
6. Ease of Use
   • Designed for quick setup with default settings.
   • User-friendly interface to tailor advanced options.

Performance Metrics (Based on 2020–2023 Data)

Testing Environment:

• Data Quality: 57% real ticks for 10 currency pairs.
• Leverage: 1:500 with an initial deposit of $1,000.
• Broker: Alpari.

Results:

• Net Profit: $3,028,931.76.
• Profit Factor: 13.86, indicating a highly profitable system.
• Drawdown:
  • Absolute: $160.58.
  • Relative: 25.88%.

Trade Statistics:

• Total Trades: 1,262.
• Win Rate: 95.56%.
• Average Profit Trade: $2,706.84.
• Average Consecutive Wins: 48.

Additional Observations:
The balance curve shows consistent growth with minimal drawdowns, suggesting robust risk management.

Advantages

• High Accuracy: The 95.56% win rate showcases the EA’s ability to capitalize on price deviations.
• Customizable Settings: Tailor strategies for different market conditions or brokers.
• Safety-Oriented: Built-in risk management features ensure controlled trading without high-risk strategies.
• Scalability: AutoLot functionality adapts to account size, making it suitable for small and large capital alike.

Disadvantages

1. Dependence on Broker Settings: Performance heavily relies on broker execution, spreads, and GMT configurations.
2. Tick Data Quality: Testing on older data may show inconsistencies due to lower tick quality.
3. Limited Volatility Range: While optimized for low volatility, performance may falter in highly volatile conditions.
4. Complex Setup for Novices: Advanced settings like news filtering and AutoLot adjustments might overwhelm inexperienced users.

Final Thoughts

The "Evening Edge EA" offers a sophisticated yet accessible solution for traders looking to automate evening trading strategies. Its focus on safety, customization, and robust performance makes it a valuable tool for experienced traders. However, careful broker selection, thorough testing, and adherence to the recommendations are vital to achieving optimal results.

By aligning its settings to specific market conditions and brokers, the EA demonstrates potential as a reliable trading companion, though it may not be suited for beginners due to its advanced features.

Download Evening Edge EA

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.