The Night Profit Forex Scalper Robot is a fully automated Expert Advisor designed for MetaTrader 5.
It employs a sophisticated trading algorithm to identify trend trading opportunities on both the M1 and H1 charts, executing buy and sell trades based on price action observed during the Asian trading session.
Each trade is secured with predefined stop loss and take profit targets, effectively minimizing risk per trade.
Key Features
- Platform: MetaTrader 5
- Trading Strategy: Trend-following scalping during the Asian session
- Trade Management: One open trade at a time with stop loss and take profit
- Account Compatibility: Suitable for small accounts (minimum balance: $100)
- Customization: Adjustable parameters including risk settings, lot size, take profit, stop loss, and magic number
This allows you to evaluate its performance and fine-tune its settings to suit your trading preferences and risk tolerance.
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Performance Metrics
The following chart provides some detailed insights into how the Night Profit Forex robot performed over an extended period of time.
Key Points:
Total account gain: +214.03%
Daily profit: 0.31%
Average monthly gain: +9.63%
Account drawdown: 17.2%
Trading Chart Example
The chart below demonstrates the Night Profit Forex Scalper EA applied to the EUR/USD M1 currency chart.
The blue symbol in the top right corner indicates that the EA is active and functioning correctly.
General Information & Customizable EA Inputs
- Trading Platform: Metatrader 5
- Optimized for the 1-minute and 1-hour trading charts
- Trading Instruments: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD and Gold (should work on any Forex pair)
- Adjustable EA Inputs: minimize risk, one trade at a time, take profit target, stop loss, lot size, magic number, etc.
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Frequently Asked Questions
How Do I Install And Run This Forex Robot In Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder >Experts
- Copy the NightProfit 2.ex5 experts file in the Experts folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Expert Advisors)
- Drag the EA to the chart to get started with it!
- Enable the Allow Algo Trading button
How Do I Edit This Expert Advisor?
- Click on the open chart with your right mouse button
- In the drop-down menu, click on Expert List
- Select the expert and click on properties
- Now you can edit the inputs and common preferences
- Finally, click the OK button to save the new configuration
Note: It is highly recommended to test the EA on a demo account for at least one month to evaluate its performance and adjust settings according to your trading preferences and risk tolerance.
