Night Glory – Detailed Configuration Settings – Other – 23 January 2022

dear glory of the night Client. Thanks a lot for your support.

For non-customers, you can download a file glory of the night expert advisor here:
https://www.mql5.com/en/market/product/76303

This is a list of all configurable settings within a file glory of the night Expert advisor. If you have any other question, feel free to message me, write in the posted comments section or at market page.

Remember, the default settings are the recommended configuration for $200 or more. You can modify it to adapt trading to your needs, lower deposits or other currencies.

money management

Using the Money Management setting, you can configure the Expert Advisor’s calculation method for lot allocation.

  • “Autolot by Balance” (default setting): The lot is calculated automatically based on the account balance. Having more balance will automatically increase the lot size.
  • Autolot by Equity: The lot is calculated automatically as with “Autolot by Balance” but based on the account balance (including the gain/loss of open orders). Getting more shares will automatically increase the lot size.
  • Fixed Lot: The lot will always be the size configured in the Fixed Lot setting, ignoring the current account balance and equity.

fixed contract

The lot size for new orders will be when the money management isFixed contract.

Step Balance / Equity And step a lot

Can be used to calculate the lot size when money management It is ‘Autolot at Balance’ or ‘Autolot at Equity’.
on the principle “Step contracts will be multiplied by the number of times the account balance or liquidity steps were reached using the following formula:

(Account Balance / Step Size) x Step Lots    <-- When Money Management is Autolot by Balance
	or
(Account Equity / Step Size) x Step Lots      <-- When Money Management is Autolot by Equity

Please note that many are rounded down.

Take a look at the following examples:

step size step a lot Current Balance / Equity Output Lot Size
200 0.01 200 0.01
500 0.01 2000 0.04
10000 0.10 2000 0.02
1000 0.01 1999 0.01

Max Lot

The order size will never be greater than this value, even when the money management is automatic. Please note that the maximum broker is also checked and will not be exceeded.

letter or symbol

The symbols (pairs) you want to trade are separated by a comma. Example values:

“EURUSD, EURJPY, USDJPY” these three symbols will be traded.

“AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADCHF, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, USDCAD, USDJPYF, 21”.

If you leave it blank, only tokens attached to the EA will be traded.

Please note that some brokers attach a prefix or suffix to the symbol names. In this case, you should set it accordingly. For example: “microEURUSD, microGBPUSD”.

Please check the product page for recommended pairs: https://www.mql5.com/en/market/product/76303


Max positions

The EA will stop opening new trades and will close pending orders when this quantity is reached. Please note that only orders opened by a Night Glory expert advisor will be counted.

Max Spread

in a forex trading, the spread is the difference between the bid (sell) and ask (buy) price of a currency pair.

Larger spreads mean high volatility and can lead to false trading signals, so you can use this setting to filter them out.

The default is loose 99 but you can adjust it if your broker or account type requires it.

Please note that the spreads for ECN accounts may be quite tight, so configure this setting accordingly.

custom comment

This setting adds text to request comments.

magic number

The EA uses this number to determine its open orders.

time settings

The default time settings will work with any broker that has trading sessions from 00:00 to 24:00. You may want to adjust the time settings of brokers with different time zones.

Request start hour/minute

Trading start time.

The default settings are 23:00 (one hour before the swap time).

Hour/minute stop command

Time to stop trading. from this time, No new orders will be opened until the Start Hour is reached again.

Please note that open positions will not be closed until the ‘Close Trades’ time setting is reached.

The default settings are 01:00 (one hour after the swap time).

Close positions hour/minute

Already open positions will be closed automatically at this time.

Set it to -1 to disable. Disabling it will leave positions open until a Take Profit or a Stop Loss is reached.

The default settings are 2:50 (2 hours and 50 minutes after the swap time).

Monday morning trading

If true, the expert advisor will also trade when the market opens on the first day of the week.

The default value is “True”.

Skip US Holidays

If true, EA will not be traded on US government holidays. Refer to https://www.dukascopy.com/plugins/fxMarketWatch/?holiday_calendar for detailed dates.

The default is “true”.


Skip the Christmas season

If true, the EA will not trade during the Christmas season (December 23 to Jan 4, both included).

shortening the value correct”.


GMT offset (to calculate holidays)

If you have “Skip US Holidays” enabled, you must set this to the GMT offset of your broker.

for example. If your broker is based in the USA, the GMT time may be “-6”.

The default value is “3”, which is the most common Mediator setup.

fine tuning (my choice)

Night Glory’s Export Advisor uses a special entry point and take profit and stop loss account system. With these settings, you can increase or decrease them to adapt the trading to your needs or the requirements of the broker.


sensitive

Higher “sensitivity” values ​​will result in more trades while lower sensitivity will result in fewer deals.

Values ​​greater than 1 open more trades than the default. Values ​​from 0 to 1 open lower trades.

For example, if you set this value to 1.2, the expert advisor will trade about 20% more (estimated).

Another example, if you set this value to 0.5, the EA will only open half of the trades (estimated).

The recommended and default value is “1” balanced.

Take Profit Multiplier

Every profit taking strategy will be multiplied by this number. Set a value less than 1 to decrease or higher than 1 to increase this value.

Example 1: If you set this value to “1.1” and the original take profit of the strategy was 100 pips, then the new take profit will be 110 pips (100 x 1.1).

Example 2: If you set this value to “0.8” and the original take profit of the strategy was 100 pips, then the new take profit will be 80 pips (100 x 0.8).

stop loss multiplier

Each strategic stop loss will be multiplied by this number. Set a value less than 1 to decrease or higher than 1 to increase this value.

Example 1: If you set this value to “1.5” and the original stop loss of the strategy was 100 pips, then the new stop loss It will be at 150 pips (100 x 1.5).

Example 2: If you set this value to “0.7” and the original strategy stop loss 100 points new stop loss It will be at 70 pips (100 x 0.7).

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