Evening Scalper EA is designed for traders seeking to capitalize on price deviations during low-volatility evening sessions. Built on a robust strategy that minimizes risks and avoids overly complex techniques, this Algo Trader EA focuses on consistency and precision.
Strategy Overview of Evening Scalper EA
The EA leverages the relatively calm market conditions during evening hours, identifying price deviations that often present short-term trading opportunities. By targeting this specific market behavior, the EA ensures a focused and specialized approach to trading.
Risk Management and Filters
One of the standout aspects of the Evening Scalper Algo Trader EA is its commitment to disciplined risk management. The EA employs the following measures:
- Stop Loss and Take Profit – Every trade is protected by predefined stop loss and take profit levels, ensuring that risks are contained and profits are systematically locked.
- Transaction Filters – The EA integrates filters to avoid potentially unprofitable trades. These filters are designed to enhance the overall reliability of the strategy by excluding setups that do not meet strict criteria.
- Exit Before Stop Loss – An additional filter helps the EA exit positions before the stop loss is reached, further limiting potential losses.
Recommendations
- Minimum account balance of 100$ (It can even work with 50$).
- Work Best on USDCHF, EURUSD, GBPUSD, EURCHF, andUSDCAD (Work on any currency pair)
- It works best on the M5 time frame. (Work on any time frame)
