Trading in the financial market requires precision, strategy, and the right tools. One such tool that has been making waves in the Forex trading realm is Night Sniper EA. This software has been designed specifically for Forex scalping during the night, a strategy that has proven itself to be among the most effective in the Forex market.
An Overview of Night Sniper EA
Night Sniper EA uses an intra-range trading strategy during the Asian session, which takes place at night in the European continent. The software opens orders where the price is most likely to bounce back from the price range boundaries, a technique known as night scalping. The software’s effectiveness, however, is not dependent on your time zone. Users can adjust the GMT offset of the software to match the time zone of their Forex broker.
Trading Time Specifications
Traders should note that the Night Sniper EA operates at a strictly specified time in GMT. The standard GMT offset is GMT 2. If your broker’s time zone is different from GMT 2, you should adjust the “GMT Offset” parameter to match your broker’s GMT, not your computer’s. For instance, if your broker operates in GMT 4, then set the offset to 4, if GMT -3, then set it to -3, and always indicate winter time.
Choosing the Right Broker
The effectiveness of the night scalping strategy largely depends on the broker chosen. For optimal results, it is recommended to select a broker with low spreads such as an ECN or Prime accounts or other types of accounts with suitable conditions.
Testing and Trading
To test or trade all supported currency pairs, users only need to attach the Expert Advisor to the EURUSD chart on the M5 timeframe. It is also necessary to display all supported currency pairs in the market window to allow the advisor the opportunity to open deals on them. When testing, it is recommended to disable the “Dashboard” parameter to speed up the work of the Expert Advisor.
Key Features of Night Sniper EA
The Night Sniper EA comes with a host of features that make it stand out in the Forex software market. It does not use dangerous martingale or grid strategies and has a fixed stop loss, which enables traders to control the level of risk per trade. The software also automatically reinvests earned profits for further trading and has a small number of losing trades relative to profitable trades. The Night Sniper EA supports multi-currency trading and can work with a small initial deposit. The software is fully automated, reducing the need for constant monitoring.
FAQ Section
What platform does Night Sniper EA use?
The Night Sniper EA uses the MT5 platform.
What is the minimum deposit for Night Sniper EA?
The minimum deposit for the Night Sniper EA is $50.
What are the supported currency pairs?
The software supports EURUSD, AUDCAD, EURCHF, and EURAUD, among other currency pairs if optimized.
Where can I watch independent testing of Night Sniper EA?
You can watch independent testing of the Night Sniper EA on forexroboteasy.com. You can also subscribe to updates on the testing results of this product on the same site.
We invite you to share your experience of using Night Sniper EA. Remember, this is an independent product review and the text does not contain the words “our” or “my” product. The article is written in the third person, providing an unbiased review of the product.
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