Night GBPUSD Part Lock Scalper REAL

This is a night scalper with a partially locking algorithm for exit from drawdown.

It has been tested as a demo https://www.mql5.com/en/signals/91029 for more than a year, and now it is available on a real account: https://www.mql5.com/ru/signals/103498

According to the testing results, 11% drawdown with initial deposit equal to 3500 allows to decrease the original value of the starting deposit in half not crossing the comfortable 20-30% level

Operation Principle

The EA trades on night flat (Asian session). Orders which partially lock the main order series are opened when a certain drawdon level is reached. When a preset profit is gained all orders are closed.

Expert Advisor Aim

Realistic (not pie-in-the-sky) results due to scalping on small market fluctuations. It uses a mechanism of decreasing drawdown via partial locking.

Settings (parameters for 4 digit quotes, automated recalculation for 5 digit quotes)

Main Parameters:

• Lots=0.01 - initial lot;
• FirstLot=0.03 - first order lot;
• TP_1=6.0 - initial profit in points;
• TP_2=5.0 - profit in points after the number of orders specified in From_TP;
• Magic_Number=100 - initial magic number;
• From_TP=5 - number of orders after which the profit is changed to TP_2;
• Max_Spread=5 - maximum spread at which the first BUY order is opened;
• Slippage=5 - allowed slippage when orders are opened;
• UseSound=false - sound notification about opening orders.

Trading Time Restrictions:

• Friday_TimeOut=true - not to trade on Friday;
• Work_Time=true - use time limitations for opening first orders;
• Hour_Begin=23 - hour to start trading;
• Minutes_Begin=0 - minutes to start trading;
• Hour_End=2 - hour to end trading;
• Minutes_End=54 - minutes to end trading.