Introduction to Asian Session Scalper EA
The Asian Session Scalper EA is a free expert advisor designed for MT5, allowing traders to capitalize on the low-volatility Asian session. It operates on 10 forex pairs including EURUSD, GBPUSD, and AUDUSD, using a mean-reversion strategy with a strict stop-loss policy.
Key Features
- Multi-Pair Capability: Trades on 10 major forex pairs from a single USDCHF M5 chart.
- Mean Reversion Strategy: Targets short-term price reversals with a fixed stop loss on each trade.
- Safety Measures: No grid, no martingale strategies, ensuring each trade is independent.
- Built-in News Filter: Automatically pauses trading during high-impact news events.
- Optimized for Night Trading: Operates within a one-hour window when spreads are minimal.
System Requirements
- Minimum Account Balance: $100 on a low-spread ECN account.
- VPS: Essential for stable performance due to precise trade timing.
- Platform: MetaTrader 5.
Installation Steps
- Download the Asian Session Scalper EA file for MT5.
- Open your MetaTrader 5 and go to ‘File’ > ‘Open Data Folder’.
- Navigate to ‘MQL5’ > ‘Experts’ and paste the EA file.
- Restart MT5 and attach the EA to a USDCHF M5 chart.
- Configure your preferred settings and enable auto-trading.
Ensure to test on a demo account for at least a week before live trading.