NightVision EA is an automated Expert Advisor that trades at night during the end of the American trading session. The EA employs a number of original author developments that have been successfully tested on live trading accounts. The EA can be used on the majority of available trading instruments and is distinguished by a small number of settings and simple installation.
The NightVision Expert Advisor can be purchased from the MQL marketplace whilst there is a free demo version also available to give it a try before making any commitment. In this article, I will be taking a look at how the NightVision EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.
Night Scalping with NightVision EA
Night scalping during the closing of the American trading session is a scalping strategy that involves making quick trades in the forex market during the late hours of the day when the American trading session is coming to a close. The strategy is based on the idea that there may be small price movements during this time that can be captured for profit.
The American trading session typically ends at around 5 pm EST, which is when many traders in the US and Europe begin to close their positions and wind down their trading activity for the day. This can create a period of low liquidity and reduced volatility in the forex market, which can make it easier for scalpers to identify small price movements.
Scalpers who use this strategy typically focus on major currency pairs, such as EUR/USD, USD/JPY, and GBP/USD, and use short-term charts to identify potential trading opportunities. They may use technical indicators, such as moving averages, Bollinger Bands, and Relative Strength Index (RSI), to help them identify trends and entry and exit points.
However, it is important to note that night scalping during the closing of the American trading session can be risky due to the potential for low liquidity and increased bid-ask spreads. Traders have to be able to manage their risk and be prepared to deal with unexpected price movements.
NightVision EA Characteristics
- TradingPair – select a set to trade.
- Magic Number – unique magic number.
- Fix Lot – fix lot size. Used if the Risk % = 0.
- Risk % – % of deposit under risk at a single order/trade.
- 01 lot per Deposit – deposit used for every 0.01 trading lot.
- GMT Offset – broker’s time offset.
- DaylightSavingTime – set true if your broker uses DST change.
- Trade Friday – open trades at Friday.
- Max Orders with the same currency (0 – disabled) – max number of open orders with the same currency in the same direction.
- Comment – comment to an order/trade.
NightVision EA is a night scalping forex robot which trades during the closing of the American trading session. This EA may be found interesting by traders who prefer trading during quiet market hours.
Overall, night scalping in forex can be a profitable trading strategy for experienced traders who are willing to take on the associated risks. However, traders may want to always practice proper risk management techniques. Scalping also requires a broker with tight spreads, low commission fees and quick execution speeds, such as IC Markets.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.