Night Forex Bot is a 100% automated Forex robot that works on MT4 and MT5 platforms. The EA is based on a preference for night trading, with the aim of trading when the Market is calmer. If the system manages to quickly close an order in profit, then overnight there could be several signals for opening orders. If it happens that the EA does not manage to close orders in profit at night, the additional algorithm is being activated, helping to speed up the closing of orders in profit.
One of the tools (but not the only one) used for trading analysis is the Stochastic indicator. The system has 4 sessions, but in most cases only one session trades in the Market at a time, the one that is most suitable for the Market situation at that moment.
Our robot is configured for trading on USDCAD, AUDUSD and USDJPY currency pairs.The maximum expected drawdown is calculated for each of these pairs, so if an unexpected situation occurs and that drawdown is exceeded, the loss limitation mechanism gets triggered, which will not allow you to lose more account balance than you specify in the robot settings.