PYTHAGORAS

This is a night scalper expert advisor. Tries to collect 6-8 pip targets during the night.

Trade decision is made using some M15 bands.

Intro:

• Timeframe: M15 (test using M1 every tick mode)
• Pair: GBP/USD
• Trade Style: Night scalper

EA Parameters:

• StopLoss: Stop loss value for each order. Default : 50 pips
• TakeProfit: Target pips for each order. Default: 6 pips (TP changes inside dynamically around this number.)
• Risk: Defines leverage used for each order. Default: x50
• OpenHour: Start trading at this hour. Default: 23
• CloseHour: Stop trading at this hour. Default: 02
• BandDistance: Price movement from opposite side band. Default: 10 pips
• MaxSpread: Maximum allowed spread when opening a position. Default: 2.0
• RuHourBack: if your MT4 terminal hour is back from original metaQuotes MT4 hour, use this parameter. Example: if your MT4 terminal hour is back 1 hour from MQ MT4, you should set RuHourBack=1, but do not change OpenHour and CloseHour (EA avoids to trade at some critical hours).

Technical Details:

• Broker Selection: ECN brokers with max 0.9 pip GBP/USD spreads should be preferred
• Testing: You can test this EA using M1 in every tick mode. All timeframes are hard coded internally. Real run on M15 charts.