White Lotus EA

White Lotus EA is a neural network-powered night scalper that determines the short-term path of price movement in a quiet night market. The Expert Advisor uses a proprietary trading algorithm with a lossless reverse function to monitor transactions at a distance. The Expert Advisor can initiate one to three trades in a single series, both in the general direction and in the multidirectional direction.

The White Lotus 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 White Lotus EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Scalping the Night Markets with White Lotus EA

Scalping in forex trading refers to a trading strategy that involves entering and exiting trades quickly, often within seconds or minutes, in order to make small profits on each trade. The goal of scalping is to accumulate many small profits throughout the day.

Night market scalping involves trading during the night when market volatility tends to be lower. This strategy may involve using technical analysis to identify trends or using news events to make quick trades.

To implement night market scalping in forex, traders typically use a combination of technical indicators and chart patterns to identify potential trade setups. They may also monitor news releases or economic data releases to look for opportunities to enter or exit trades. The White Lotus EA helps save traders the stress of doing the bulk work by automatically scanning the charts for buy and sell opportunities, after which it executes the trades accordingly.

Scalping night market in forex requires a high level of skill and experience as it involves quick decision-making and the ability to react to rapidly changing market conditions. It is also important to have a solid risk management strategy in place to protect against potential losses.

White Lotus EA
White Lotus EA

White Lotus EA Functions

  • The White Lotus EA does not use such dangerous trading methods as mesh, averaging, martingale, or doubling.
  • LobyTrade – Mobile trading assistant for managing a trading advisor.
  • The main functions of the application:
  • Closing deals
  • Closing trades only for sale
  • Closing buy-only trades
  • Disabling the adviser
  • Choosing the direction of trade
  • Trading Statistics Accounts
  • News filter
  • Section with economic news

Conclusion

White Lotus EA could be a beneficial trading robot for traders of all levels. The developer of this robot has also shared some backtests for you to get an idea of how the White Lotus EA has performed over recent years through different market conditions.

However, it is important to note that past performance does not guarantee good future results. Therefore, I would only test the White Lotus EA on a demo account using a trial version to begin with. This would allow me to get a feel for how it works and see if it fits within my own trading style.

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