Night Channel Scalper

Overview of Night Channel Scalper

• Fully automatic trading advisor.
• Operates during low-volatility hours at night, specifically 2-3 hours.
• Utilizes dynamic take profit and stop loss settings.
• Minimum deposit required is 10-15 dollars with leverage up to 1:500.

Key Features

• Does not employ high-risk strategies like martingale, grid, or hedging.
• Includes protective measures such as stop loss for every trade.
• Can work on various timeframes, with M5 being recommended.
• Allows customization: initial lot size, trailing stop, breakeven settings.

Trading Strategy

• Scalps inside price channels to take advantage of small price movements.
• Traders can specify the number of trades per day.
• Dynamic stop loss adapts to the latest price movements, ensuring better risk management.
• Effective during quiet market periods when price fluctuations are minimal.

User Ratings and Feedback

• Overall rating stands at 3.44 out of 5 from multiple reviews.
• Users appreciate the low-risk structure and ease of use.
• Positive comments emphasize the EA's reliable performance during night trades. 🌙

Recommended Settings for Optimal Use

• Best suited for currency pairs with consistent pricing patterns during the night.
• Set your broker's server time appropriately for accurate trade execution.
• Utilize a VPS for uninterrupted trading operations.

Conclusion

• Night Channel Scalper embodies a cautious approach to night trading, appealing to both novice and experienced traders.
• With its advanced features and risk management tools, it can be an effective part of a trader's arsenal. 🚀