Night Trade EA

The Night Trade EA is a MetaTrader 4 Expert Advisor that was designed to provide traders with an opportunity to scalp the market during the quiet hours of the trading day. It searches for small price breakouts during this period and countertrades them.

In this review, we will take an in-depth look at the features, strengths, and weaknesses of the Night Trade EA, including its risk management capabilities. By the end of this review, you will have the information you need to make an informed decision about whether or not the Night Trade EA is the right trading tool for you.

Night Trade EA Strategy

The NightTradeEA Expert Advisor is a forex trading robot that was developed to operate on the MetaTrader 4 trading platform. It is designed as a night scalper ea, meaning that it executes trades during a specific period of the trading day – two hours between the American and Asian sessions. During this time, the EA searches for small price breakouts and countertrades them.

Night Trade EA
Night Trade EA

The NightTradeEA Expert Advisor uses a strategy that scans the 15-minute timeframe for price deviations, which are usually followed by a correction. The EA then trades these corrections. Once the deviations are detected, the EA places two trades – one with a fixed take profit target and one with a trailing stop. Both trades are protected by a stop loss. When the first target is reached, there is still one trade open with the trailing stop.

The NightTradeEA Expert Advisor trades a variety of currency pairs, including AUDCAD, EURAUD, EURCAD, CHFJPY, GBPAUD, GBPUSD, EURCHF, AUDUSD, USDCAD, EURGBP, EURUSD, and USDJPY. The recommended working timeframe is M15.


One of the strengths of the NightTradeEA Expert Advisor is that it does not use dangerous strategies like martingale or grid that can destroy trading accounts. Additionally, all trading orders are protected by stop loss. The EA is designed to work best with forex brokers that offer ECN or Raw accounts with minimum spreads.

One of the weaknesses of the NightTradeEA Expert Advisor is that it operates on a specific time frame and may not be suitable for traders who prefer to trade at different times of the day. Additionally, as with all forex trading, there is always a risk of loss, and traders should use proper risk management techniques when trading with the EA. It is recommended that traders test the NightTradeEA Expert Advisor on a demo account before using it on a live account. Additionally, for stable operation, it is advisable to use a forex VPS server.

Night Trade EA Features

  • It is a night scalper forex trading robot.
  • The EA executes trades during a specific period of the trading day – two hours between the American and Asian sessions.
  • It scans the 15-minute timeframe for price deviations, which are usually followed by a correction.
  • It trades these corrections with a fixed take profit target and one with a trailing stop.
  • Both trades are protected by a stop loss.
  • It does not use dangerous strategies like martingale or grid that can destroy trading accounts.
  • The EA trades a variety of currency pairs, including AUDCAD, EURAUD, EURCAD, CHFJPY, GBPAUD, GBPUSD, EURCHF, AUDUSD, USDCAD, EURGBP, EURUSD, and USDJPY.
  • The recommended working timeframe is M15.
  • It is designed to work best with brokers that offer ECN or Raw accounts with minimum spreads.
  • For stable operation, it is recommended to use a VPS server.

Night Trade EA Settings

  • Magic: unique identifier for EA trades (integer).
  • Initial Lots: fixed lot size per trade if money management is off (0.01-50.0).
  • Standard Account Slippage: slippage in pips (1-10).
  • Allow New Trades: option to enable/disable new trades (true/false).
  • Account Profit Lock: money management option to stop trading if account balance falls below a set fraction of the maximum account balance (0.0-1.0).
  • Comment: option to set position comment.
  • GMTOffset: set the GMT offset for the MT4 server, excluding DST.
  • Money Management: option to enable/disable money management.
  • Interface: option to display/hide the interface.
  • High Spread Entry: option to enable/disable trading during high spreads.
  • Spread Protection: option to limit trading during high spreads.
  • Avoid XMas Dates: option to avoid trading during Christmas dates.
  • Limited Trading Times: option to limit trading to specific times.
  • Entry Settings: settings related to trade entry.
  • Take Profit: option to set the take profit level.
  • Stop Loss: option to set the stop loss level.
  • Market Pending Entry: option to enter trades at market or pending.
  • Exit Settings: settings related to trade exit.
  • Averaging: option to average trades.
  • Bollinger Bands ATR TP Exit: option to use Bollinger Bands and ATR for TP exit.
  • Bollinger Bands Exit: option to use Bollinger Bands for exit.
  • CCI Exit: option to use CCI for exit.
  • MA Exit: option to use MA for exit.
  • RSI Exit: option to use RSI for exit.
  • Time Limit Exit: option to use a time limit for exit.
  • Trailing Stop Loss: option to use a trailing stop loss.
  • ATR Filter: option to use ATR as a filter.
  • Bar Time Filter: option to use bar time as a filter.
  • Day Filter: option to use day of the week as a filter.
  • High Activity Filter: option to use high activity as a filter.
  • Moving Average Filter: option to use a moving average as a filter.
  • News Filter: option to use a news filter.
  • Bollinger Bands Entry – Market & Limit: option to use Bollinger Bands for both market and limit entry.
  • RSI Entry – Market: option to use RSI for market entry.

Night Trade EA Summary

The Night Trade EA is a night scalper that uses a strategy based on price deviations to countertrade small price breakouts. It opens trades for a short period, only two hours between the American and Asian sessions, and targets small price movements. The EA uses fixed take profit targets and a trailing stop, with all trades protected by a stop loss. Its strengths include a variety of exit strategies and the absence of dangerous trading techniques. However, its weakness is limited trading times. Demo testing the Night Trade EA with good risk management settings is recommended before live trading. This EA is suitable for traders who are comfortable with short-term trading and are looking to diversify their trading strategies.

Free Forex Robot