NightVision MT5

Overview of NightVision MT5

NightVision MT5 is an automated Expert Advisor (EA) designed for night scalping during the closing of the American trading session. This EA leverages unique proprietary developments and has been rigorously tested on real trading accounts. It is known for its ease of installation and minimal settings, making it accessible even for novice traders.

Key Features

• Does not use dangerous trading methods like martingale, grid, or arbitrage.
• Every trade is protected by a Stop Loss and Take Profit.
• Works on a wide range of currency pairs including GBPUSD, GBPCAD, USDCAD, GBPAUD, EURAUD, EURCAD, EURGBP, GBPCHF, EURUSD, USDCHF, NZDUSD, EURNZD, USDJPY, EURCHF, AUDJPY, and AUDNZD.
• Recommended for use with ECN accounts with low spread and commission.

Trading Strategy

The trading strategy of NightVision MT5 is based on the principle of dynamic balance, formulated by the French scientist Le Chatelier. According to this principle, a system in stable equilibrium tends to return to equilibrium after an external impact. At night, when the market calms down, this principle is particularly evident. The EA monitors these situations and makes trades towards the price equilibrium state, capitalizing on these movements.

Entry and Exit Mechanisms

• Uses limit orders to ensure entry stability with minimal slippage.
• Protects against spread expansion by removing orders if the spread widens, resuming trading when the spread normalizes.
• Continuously follows take profit and stop loss to maximize trade efficiency.
• Employs a special trailing mechanism to close inefficient trades quickly if market conditions change.

Deposit Recovery Function

NightVision MT5 includes a deposit recovery function. If a trade results in a loss, the EA performs a one-time increase in the lot size to compensate for the loss. Unlike martingale strategies, this does not involve continuous lot size increases, thereby minimizing risk to the deposit.

Settings and Customization

• Supported Trading Pairs: Choose from a list of supported pairs to trade.
• Fix Lot: Set a fixed lot size if Risk % is set to 0.
• Risk %: Define the percentage of the deposit at risk per trade.
• Max Total Orders: Limit the number of open orders at the same time.
• Max Amount Currency: Limit the number of orders in the same direction for a currency.
• Max Amount Currency Pair: Limit the number of orders for the same currency pair in the same direction.
• GMT Offset: Adjust for the broker's time offset.
• Daylight Saving Time: Enable if the broker uses DST changes.
• Trade Friday: Option to open trades on Friday.
• Comment: Add comments to orders/trades.

Recommended Usage

For optimal performance, it is recommended to use NightVision MT5 on ECN accounts with low spreads and commissions. The EA is designed to work best during the quiet hours of the market, making it ideal for night scalping strategies. 🌙

User Reviews

NightVision MT5 has received positive feedback from users, with a rating of 4.86. Users appreciate its robust trading strategy and the protection it offers against market volatility. However, some users have noted the importance of using it with the recommended settings and brokers to achieve the best results. 🏆

Conclusion

NightVision MT5 stands out as a reliable and efficient EA for night scalping, leveraging unique strategies and robust risk management features. Its ease of use and minimal settings make it accessible for traders of all levels, while its advanced mechanisms ensure optimal performance in various market conditions.