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Tioga EA - fully automated Night Scalper
Tioga EA for MT5 is an overnight scalper that uses a mean reversion strategy at the end of the US trading session. The robot does not use dangerous trading strategies such as a grid of orders, martingale, averaging, and others.
Сharacteristics of the Tioga MT5 EA
Official website: mql5.com
Platform: Metatrader5
EA version: 3.0
Currency pairs: AUDUSD, CHFJPY, EURAUD, EURCHF, EURGBP, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, USDCHF
Trading Time: 2 hours between 21:00 - 22:59 GMT
Timeframe: M5
How the EA works
Tioga EA uses a price mean reversion strategy in the previous period. According to this strategy, it is believed that the price always tends to its average value. Thus, when the price exceeds its average value, the EA will open a Sell order. And vice versa, if the price drops below the average value, the robot will open a Buy order.
The EA only opens orders for two hours at the end of the American session from 21:00 to 22:59 GMT. Therefore, you should not expect a quick opening of a deal and lightning profit from this Expert Advisor.
Backtesting
I performed testing with changing two main parameters, namely:
Lot Calculation Type - Fixed_Lot / Risk_Percentage
OneChart Usage for all pairs - true / false
All other parameters do not significantly affect the overall course of testing.
Save time withd software.
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