No Sleep EA

The No Sleep EA is a forex expert advisor developed for use on the MetaTrader 4 platform. It is a scalper-type robot that utilizes a martingale system to increase trade size after a loss, and uses support and resistance levels to determine entry and exit points for trades.

In this review, we will take an in-depth look at the features of the No Sleep EA, its strengths, weaknesses, and risk management features. By the end of this article, traders will have a comprehensive understanding of the No Sleep EA, and be in a position to decide whether it is a suitable forex expert advisor for their trading needs.

No Sleep EA Strategy

No Sleep EA V4 is a forex expert advisor developed for use on the MetaTrader 4 trading platform. It is a scalper-type robot that uses a martingale system. A scalper EA aims to take advantage of short-term price movements, while a martingale system increases the trade size after a loss in an attempt to recover losses.

No Sleep EA
No Sleep EA

The EA is recommended by the developer to be used in the H1 timeframe with any of the major currency pairs, including gold. However, for more conservative and long-term trading, the H4 and D1 timeframes can also be used. The EA mainly uses support and resistance levels to determine entry and exit points.

One of the strengths of No Sleep EA V4 is its ability to work on multiple timeframes and currency pairs. It can also be manually stopped during high impact news or with the use of a news filter that stops it automatically. However, as with any martingale-based robot, it is important to apply caution in its use.


One of the weaknesses of the EA is its reliance on a martingale system, which can lead to large drawdowns if not managed properly. Also, its performance can be affected by the spread of the broker used. Therefore, an ECN or low spread broker is recommended, as well as a VPS for better performance.

In terms of risk management, the developer recommends having good capital to withstand market fluctuations and being cautious with its use. It is also important to monitor the EA’s performance regularly and adjust its settings as needed.

It is always recommended to test the EA on a demo account before using it on a live account. This allows traders to see how the EA performs under different market conditions and adjust its settings accordingly.

No Sleep EA Features

  • It uses a scalper-type strategy.
  • The EA is designed for use on the MetaTrader 4 platform.
  • It employs a martingale system to increase trade size after a loss.
  • Support and resistance levels are used to determine entry and exit points.
  • It can be used on major currency pairs and gold.
  • The H1 timeframe is recommended for optimal performance.
  • The EA can be manually stopped during high impact news.
  • A news filter can also be used to stop the EA automatically.
  • An ECN or low spread broker is recommended.
  • A VPS is recommended for better performance.
  • Good capital is recommended to withstand market fluctuations.
  • Regular monitoring and adjustment of settings is recommended.

No Sleep EA Settings

  • MM Type: The type of money management used by the EA.
  • Lot Digits: The number of decimal places used for lot sizes.
  • Starting Lot: The initial lot size used by the EA.
  • Pip Step: The minimum distance between two trades.
  • Pip Step Multiplier (PSM): The multiplier used to increase the pip step after a certain number of trades.
  • Start PSM After Trades: The number of trades to be executed before PSM is activated.
  • Lot Multiplier: The multiplier used to increase the lot size after a loss.
  • Take Profit: The profit target for each trade.
  • Slippage: The maximum deviation in pips allowed for the trade to be executed.
  • Maximum Number Of Trades: The maximum number of trades that can be opened at the same time.
  • Use Trading Time Filter: Whether to use a filter based on trading hours.
  • Trading Start Hour: The hour at which trading should begin.
  • Trading End Hour: The hour at which trading should end.
  • Magic Number: A unique identifier assigned to the EA’s trades for easy tracking.

No Sleep EA Summary

The No Sleep EA is a MetaTrader 4 forex expert advisor that uses a martingale system to increase trade size after a loss. Its main strength is its use of support and resistance levels to determine entry and exit points for trades. However, the use of martingale makes it high-risk and can lead to large losses. Demo testing and applying good risk management settings is also advised. The EA is suitable for traders looking for an automated scalping strategy on major currency pairs and gold. It is important to note that there are no guarantees when using the No Sleep EA, and it is up to individual traders to decide if the No Sleep EA is a suitable trading tool for their needs.

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