Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses). 2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but still execution of the SL depends on your broker. 4) Night scalpers are dependent on good brokerage conditions, like low spread and slippage, which might be worse on high lot sizes. Density Scalper is a mean reversion system during the quite hours of the day. It is similar to Please login or register to view links but optimized in a few ways to reduce slippage. For example, the entry logic was reduced to make the calculation faster and the exit is done via take profit orders, which can even lead to positive slippage on exiting a trade. Additionally, it offers various paramters for optimization of entry conditions and other improvements. Symbols: EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURAUD, EURCAD Time frame: M5 Max. drawdown in 16 year backtest: $60 per 0.01 Please login or register to view links Please login or register to view links Please read the Please login or register to view links for instructions on how to set up the EA. Because the EA will trade around the New York close time, the GMT time will be different in summer compared to winter (DST: daylight saving time). The EA should adjust for DST automatically if GMT auto settings are used. Please allow web requests to the following URLs for the calendar news filter and automatic GMT offset calculation: Please login or register to view links Please login or register to view links Please login or register to view links (only needed if you use the Please login or register to view links) Ideally, backtests should be done with Tick Data Suite GMT+2 with US DST. Because this strategy is trading around swap time the spread can be very large. It is important to use real spread in backtesting and not some fixed spread. But be aware that the spread can be very different between brokers at that time. The EA should be turned off on days of important events, for example general elections in UK, US or Europe! Parameters General Trade Settings dailyEquityStopPercentage: IMPORTANT: please read point 6 in the Please login or register to view links. orderComment - Each trade will show this comment in history tab. magicNumber - individual magic number. The EA will only manage position of the chart symbol with this magic number. lotType - "fixed" or "increasing", where the lot size is calculated automatically. fixLots - fixed lot size in case lotType = fixed. lotStep - how much the lot size should be increased every equityPerStep (if lotType = increasing). equityHardStop - if the equity falls below that level the EA will close open positions (only of this strategy) and will not open any new positions. pipInPoints - for 5-digit brokers, this should be 10, for 4-digit brokers 1. slippagePoints - Slippage used in OrderSend() function (points, not pips). maxSpreadPips - maximum spread allowed for entry. If smaller 0, auto settings will be used, which are different for each currency pair. Time Settings startHourGMT - when to start trading (GMT). endHourGMT - when to stop trading (GMT). waitMinutesBetweenSameSideEntry- After a buy position another buy position will only be allowed after the given time. Same for sell positions. If you are sleeping during the trading hours you could limit the potential total risk with this parameter. If the last hour was a loss the EA will automatically increase waitMinutesBetweenEntries by 15 minutes. dontTradeTripleNegativeSwap - If true, the EA will not open trades on before swapHourGMT when the swap is negative on days with triple swap rate. tripleSwapDay - Day at which tripple swap is applied. On most borkers it is Wednesday. swapHourGMT - Swap hour used if dontTradeWednesdayNegativeSwap=true. autoGMT - whether to determine GMT offset automatically. manualGMToffsetWinter - manual GMT offset in winter (if autoGMT=false or in Tester) manualGMToffsetSummer - manual GMT offset in summer (if autoGMT=false or in Tester) Please also have a look at the Please login or register to view links and the "What's new" tab for additional parameters.