Night Owl EA

Night Owl EA

NIGHT OWL EA is a night scalper that trades during the most quiet times of the market. Markets tend to range in that period and the EA will trade those ranging movements.

Quick Statistics

Night Owl EA

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Night Owl EA Description

Each trade will have an initial stop loss and take profit, but the EA uses also advanced SL management algorithms that will evaluate the strength of the trades and close out early if necessary. The EA works on all pairs that have stable spread and quiet moves during the night. But it is programmed to also handle bigger spreads without too much loss of performance. The EA also has a spread filter and slippage filter to prevent trades being opened in markets that are moving too volatile. The user can also set the desired trading hours for each day.

  • Trades during quiet market hours
  • SL on each trade to protect capital
  • Smart SL and TP management based on market movements
  • Good Risk/Reward, especially for a scalper
  • Developed for M15 timeframe
  • Spread filter
  • Slippage filter
  • Backtests show stable result from 2007-2017

 

Drawdown

10-20%

Monthly gain

5-10%

Strategy type

Scalping

1 review for Night Owl EA

I used the system for a few months , and Night owl achieved steady profit growth, I like Night owl system very much.

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Quick statistics
NameNight Owl EA
TypeScalping
Leverage1:200 or higher
Time frameM5 – M15
Lot sizefrom 0.01
Stop lossYes
Trailing stopYes
Min account size$1500
IndicatorsYes
Currency pairEURUSD, GBPUSD and AUDCAD
Demo testingNo
Projected annual profit50-60%
Projected max DD15%

To trade the Night Owl EA you can open your free broker account by clicking the button.