Description of Midnight EA

Forums Strategies and Expert Advisors Midnight EA Description of Midnight EA

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  • #4501
    DominikDominik
    Administrator

    Hello everyone!

    I would like to present you my new Expert Advisor called Midnight EA !

    Strategy is based on candlestick formations and precisely specified time window.

    Default set is optimized for EURUSD M15, but it should work also on M5 and other pairs and timeframes.

    EA works without any filters (which could cause overfitting to given pair and TF). It’s simple and easy to use.

    In attachment you will find free version which is limited in the size of order to fixed value = 0.05 lot.

    Time limit of this version is set to the end of 2016, but in the meantime (as always) I’ll publish new version.

    If you want to test it or optimize it in Strategy Tester in MT4 you must set parameter “Your_Data_Offset_Only_for_Testing”. This parameter must be set exactly the same as UTC offset of your historical data (ticks).If you have data downloaded from your broker they must have the same as broker’s server UTC offset. If your data are downloaded from MT4 History Center they have offset = 2 (as Metaquotes servers). If you use Tickstory – remember to always download data with offset same as your broker’s offset and then you can always set offset same as your broker’s server. I’ll give you an example: Midnight EA always works on UTC (GMT) time (offset=0), my broker is Darwinex (offset=UTC+3), I downloaded history through MT4 History Center (offset=UTC+2) – “Your_Data_Offset_Only_for_Testing” must be set to 2.

    Below you can see some reports and graphs after optimization:

    #4736
    Avatar4xlee
    Spectator

    :D I have BT myself, Midnight EA is very very good!

    #4737
    DominikDominik
    Administrator

    @Luis Carlos wrote:

    :D I have BT myself, Midnight EA is very very good!

    Thanks :) I’m still working on new universal version for multiple pairs. When I’m ready I’ll publish it here.

    #4738
    AvatarReitak
    Spectator

    Hi Dominik

    This is an excellent ea with low dd and i m looking forward to bt it on 5m tf i will post my tests here for short period
    thanks for the great ea

    and i have couple of question i will be delighted to here from you Dominik
    tell me
    1.Does it work on all brokers?
    2.Is this ea is only for eurusd? or can i use it for other currencies as well?
    3.Firstly when i was simply running the ea in strategy tester spreads max and minimum to play with due to the fact that most of the ea fails because of news and spreads. most of the brokers play with spreads so that, say floating average spread 0.012 some time you see with Exeness on Fridays and Mondays the spreads are extremely high (during opening and closing times of the broker) overall impression i got is non of the brokers are reliable and trust worthy when it comes to money, considering these facts that an ea should be able to trade at any time frame and from 0-100 (0-99) or (0-999) with in the x and y axis and i m looking for fixed spread broker to automate at least 3 or 4 pairs to make a living if you can suggest it will be a great help too.
    Regards

    #4739
    DominikDominik
    Administrator

    @Sathiyarajah wrote:

    Hi Dominik

    This is an excellent ea with low dd and i m looking forward to bt it on 5m tf i will post my tests here for short period
    thanks for the great ea

    and i have couple of question i will be delighted to here from you Dominik
    tell me
    1.Does it work on all brokers?
    2.Is this ea is only for eurusd? or can i use it for other currencies as well?
    3.Firstly when i was simply running the ea in strategy tester spreads max and minimum to play with due to the fact that most of the ea fails because of news and spreads. most of the brokers play with spreads so that, say floating average spread 0.012 some time you see with Exeness on Fridays and Mondays the spreads are extremely high (during opening and closing times of the broker) overall impression i got is non of the brokers are reliable and trust worthy when it comes to money, considering these facts that an ea should be able to trade at any time frame and from 0-100 (0-99) or (0-999) with in the x and y axis and i m looking for fixed spread broker to automate at least 3 or 4 pairs to make a living if you can suggest it will be a great help too.
    Regards

    Hi.

    1. It works on all brokers, but spread should be as low as possible.
    2. It works on almost all currency pairs, but there are some better and some worse. I will publish the full list of them in a few days.
    3. Please wait few days, I’ll publish the latest version of this EA and we will test it again.

    Regards!

    #4740
    AvatarReitak
    Spectator

    Thanks Dominik i will looking forward test the new version as you publish

    #4741
    DominikDominik
    Administrator

    Hello everyone!

    In the next 2-3 days the newest version of Midnight EA should be published on MQL5.com. There will be a special offer for all users of my forum to buy it for symbolic price for just one or two days and then the price will grow to regular level (399$). I will send a link to this product in mass-mail to each one. For all people that are interested in this product I share below description and some screenshots with results and graphs made on ticks from 2010 to 2016 (7 full years) with modelling quality 99,9% and real spread from Darwinex.

    Description:

    Midnight EA is an advanced Expert Advisor based on Price Action technique in order to identify current market situation on specified currency pair and to predict the next price movement. It doesn’t use any indicators or anything else than pure price action. It also doesn’t use martingale, grid, hedging, scalping and other risky (disproportionate to the expected profit) techniques.

    Expert Advisor starts to work each day late in the evening (before midnight) in the GMT (UTC) time zone on M30 timeframe. It closes opened orders after expiration of an average of several minutes to 2-3 hours. Sometimes it may take longer to close the order, but mostly very early in the morning all the orders are closed.

    EA works with all currency pairs, but I recommend using maximum 16, which I have selected in many optimizations and tests and which proved to be the best of all. A complete list of these 16 pairs with their results you can see on the screenshots. These pairs are also selectable in EA properties under the parameter marked as “Selected_Symbol”. If the symbols provided by your broker are without prefixes and suffixes and looks like e.g. “GBPCAD”, “EURCHF”, “AUDCAD” etc. you can leave “Selected_Symbol” set to “Automatic” and EA will automatically detect your current currency pair and use the predefined settings which are hardcoded in EA. Otherwise, if you see symbols on “Market watch” with prefixes or suffixes I suggest to choose currency pair from the list “Selected_Symbol” corresponding to your symbol (e.g. for “EURCHF.m” choose “EURCHF”). If you want to trade or just test some other pairs which are not on the list under parameter “Selected_Symbol” you should set it to “Automatic” and EA will know what to do.

    Portfolio created with 16 pairs tested since the beginning of 2010 to the end of 2016 opened and closed about 50.000 orders. With spread set to 20 and fixed size of an order it gives the average winning ratio at around 95% with Profit Factor above 3 and Drawdown below 3% (this example is for order size equal to 0.2 lot for 1000$ initial deposit for each one pair – proportionally the same will be for size 0.01 lot for 50$ deposit for each one pair). More details you can see on the screenshots.

    With less initial capital (or for other reasons, such as less open positions) I suggest you to start trading with the best 7 pairs, which are (in order from the best): GBPCAD, CADCHF, GBPCHF, EURCAD, EURCHF, USDCHF, AUDCAD. Winning ratio for a such portfolio is over 97% and Profit Factor over 4. Starting from size of an order equal to 0.01 you won’t need more than 150-200$ balance and Drawdown shouldn’t be higher than 5%.

    Midnight EA is equipped with an algorithm that prevents a loss of more than about 30-45 pips for each currency pair and this value depends among others on the spread. This algorithm protects us also before closing order with loss on the Stop Loss when the spread explodes into gigantic value for a few seconds etc. In other words, it is a dynamic Stop Loss, which is not visible to the broker and is resistant to spread manipulation by a broker :) Take Profit is also hidden and dynamic – dependent on market conditions.

    All that you must do to trade with Midnight EA is to open charts in MT4 with currency pairs which you want to trade, set timeframe to M30 and put Midnight EA on all of them. All parameters that you should set in Midnight EA are “Selected_Symbol” (only if your symbols have prefixes or suffixes), “Max_Spread_To_Trade” (recommended no greater than 30, you can leave default 25 or change to lower if you want) and “Money_Management”:
    a) if “Auto_Lots” is set to False: EA will always trade with fixed size of lot specified in “Trade_Size_in_Lots”,
    b) if “Auto_Lots” is set to True: EA will trade with automatic value of lot dependent of “Lots_To_Balance_Factor” – Factor set to 1 means that EA will trade 0.01 lot for each one 1000 units of balance (e.g. Factor set to 10 will put an order of 0.10 lot if your balance is equal to 1000 USD/EUR/GBP/CHF/etc. If your balance will grow to 1500 USD/EUR/GBP/CHF/etc. with same setting of Factor EA will put and order of 0.15 lot).
    Other parameters can be set freely as you want.

    For this Expert Advisor I recommend true ECN/STP/NDD account with spread as low as possible and VPS with Windows where you can install Midnight EA, set parameters and leave in peace :)

    Regards!

    #4742
    DominikDominik
    Administrator

    Hi.

    Midnight EA isn’t published yet, but let’s see some new screens:

    Regards!

    #4743
    AvatarFerchoFX
    Spectator

    Hello Dominik,

    Can i get this EA for testing?

    #4744
    DominikDominik
    Administrator

    Hi.

    I added some new infos and checks to Midnight and also one new parameter: GMT_Offset_For_Testing which should be set same as GMT offset of your broker or downloaded ticks (for example from Tickstory Lite). This parameter has meaning only for backtesting and must be set, because without it MT4 “doesn’t know” what is the offset of your data and presupposes that your data is without offset.

    Here is example of new info which you’ll see if you’ll try to trade with other currency pair than preselected:

    Please be patient, within a maximum of a few days Midnight will be published on MQL5.com.

    Regards!

    p.s. emotuzas, I’ve already sent you version for testing purposes through Skype.

    #4745
    Avatar66rus
    Spectator

    Is this EA expired ro not..”Your account is not assigned to this EA” error happened on the chart when I tried to use this EA…

    #4746
    DominikDominik
    Administrator

    @medicine wrote:

    Is this EA expired ro not..”Your account is not assigned to this EA” error happened on the chart when I tried to use this EA…

    It means as it is written that your account number isn’t assigned to this EA. Write to me private message with your account number and I’ll add it so you’ll be able to test Midnight.

    #4747
    Avatar66rus
    Spectator

    I sent you PM dominik…

    #4748
    DominikDominik
    Administrator

    @medicine wrote:

    I sent you PM dominik…

    Yes, I saw it :) I’ve already answered you.

    #4749
    AvatarMiloneg
    Spectator

    Hello Dominik,

    New to this forum but it looks amazing!
    I was wondering if I could also be able to test the Midnight EA and is there a preferred brokerage for this forum for testing?

    Cheers, :cheesygrin:

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