Night Hunter Pro Sets MT4 EA

Night Hunter Pro is the advanced scalping system which utilizes smart entry/exit algorithms with sophisticated filtering methods to identify only the safest entry points during calm periods of the market. This system is focused on a long-term stable growth. It is a professional tool developed by me years ago that is constantly updated, incorporating all the latest innovations in the trading area. Nothing fancy here, no testing Holy Grails, no “risk-free martingale”, only strict rule-based approach to trading, allowing to maximise return while having risks under control

I recommend disabling trades on weekends (p. 5.5) while markets are volatile!

Supported currency pairs: GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF + CHFJPY, AUDCAD, EURCAD, EURAUD

Recommended timeframe: M5

MT 5 version can be found here

Tested for FTMO compatibility – write me about details

EA is FIFO compble

The EA does not use martingale or grid. It only enters a trade with pending orders and uses a stop loss for each trade!

Features:

One Chart Setup: you only need one chart to trade all symbols
Multiple currency pairs support
Solid backtest and live performance
Advanced News Filter
Auto GMT detection
Self Diagnostic System
Negative Swap Filter

Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers

How to install

The EA must be attached to ONLY one M5 chart, EURUSD is recommended
If your broker uses a suffix (e.g. EURUSD.a) you should update names in the Symbol parameter
Use recommended pairs only. You don’t need .set files, all settings are stored internally in the EA
1. https: //ec.forexprostools.com
2. https: //www. worldtimeserver.comPlease allow web requests to the following URLs for news filter and GMT detection (delete spaces!):

Night Hunter Pro Sets MT4 EARequirements

The EA requires good brokerage conditions: low spread and slippage during the rollover time. I advise using a really good ECN broker. Write me personally for advice
The EA should run on a VPS continuously

Night Hunter Pro Sets MT4 EASetting

Allow Opening a new Trade – on/off opening new trades
Lot-sizing Method – select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use Dynamic Lot parameter, Max Risk per Trade will calculate lots based on % risk per trade, 3 predefined presets will calculate risk automatically for you
Fixed Lot – fixed trading lot
Dynamic Lot – balance/equity to be used per 0.01 lot
Maximum Lot – max allowed trading lot
Maximum Spread, in pips – max allowed spread for position closing
Maximum Slippage for a non-ECN acc, in pips – max allowed slippage
Maximum Symbols at a time – max allowed number of symbols that can be opened at the same time
Allow to Buy/Sell – on/off Buy/Sell trades
Maximum Drawdown Percent – if current floating drawdown exceeds the specified % the EA will close open positions

Night Hunter Pro Sets MT4 EA Strategy

Symbols separated by comma – list of pairs to trade. Suffix needs to be included if your broker uses one!
Hour to Start/Stop Placing Orders – when to start/stop placing pending orders. Set Smart Time Filter to false if you want to optimize these parameters
Smart Time Filter – on/off smart time filter
Hour to Stop Trading (on Friday) – hour to stop trading (on Friday). All open positions will be closed at this hour
New Year Holiday Filter – on/off Christmas/New Year filter
StopLoss, in pips – stop loss value in standard 4 digit pips
Hide StopLoss – on/off SL hiding
Rollover Time Filter – on/off the rollover filter
Swap Filter – cancels trading on Wednesday evening in the direction of the negative swap
Max Negative Swap, in pips – max negative swap
News Filter Enabled – on/off News Filter

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