Night knight expert advisor

Night knight EA is a fully automated EA, which trades based on price crosses with Envelope indicator. Each open position is protected by an SL&TP to minimize a possible drawdown. The Expert Advisor allows you to trade a fixed lot, as well as includes the money management unit for automatic lot calculation based on the preset risk per trade. I recommend that you use an ECN or VIP account with low spread and fast execution (3 and 5 digits).

Advantages

• Smart stop order;
• Smart profit fixing step algorithm;
• Fixed and automated lot based on MM;
• Trade while you sleep;
• No hedging;
• No grid, martingale or arbitrage;
• Low trading drawdown;
• Easy to set up.

Requirements

• Symbols: EURUSD, GBPUSD, EURGBP, and may be more if you search.
• Time frame: H1, M30.
• Minimum deposit - $50.
• Advised deposit - $10 000
• Account type: ECN, VIP.
• Spread - less than 1 pip.

Parameters

• Risk% - risk value in %.
• Take Profit - take profit level in pips.
• Stop Loss - stop loss level in pips.
  
• If GMT+2 time zone(WH1) - trading start time, hour, it is 22 if your broker time zone is (GMT+2).
• If GMT+2 time zone(WH2) - trading end time, hour, it is 1 if your broker time zone is (GMT+2).
• Slippage - slippage value in pips.
• Magic Number - unique ID of the EA's orders.
• Auto Lots(MM) - auto lot size option.

Recommendations

• Use EURUSD H1 or M30 chart for better performance.
• Use Money Management. Recommended risk per trade is 1-20%.
• If you trade a fixed lot: 0.5-2 per every $1 000.
• Use a dedicated low-spread USD ECN or VIP account.