Evening Scalper Pro EA Source Code mq4 V2.29 with Setfiles

What is Evening Scalper Pro EA Source Code mq4?

Evening Scalper Pro EA Source Code mq4 implements sophisticated mean reversion scalping algorithms designed specifically for cross currency pair trading during US evening sessions (19:00-23:59), featuring comprehensive news filtering and market crash protection systems. Live trading demonstrates 115% growth achievement over 37 weeks with 15.6% maximum drawdown, supported by extensive backtesting showing progression from $300 to over $7 million.

• Vendor website: Click here

Key Takeaway

• Core Trading Strategy: Mean reversion scalping targeting statistical price corrections in cross currency pairs (EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCAD) during lower-volatility US evening hours

• Technical Implementation: Smart Time Filter system avoids bank rollover periods and low-liquidity windows, combined with M5 timeframe precision for optimal entry/exit timing based on mean reversion probability calculations

• Advanced Risk Architecture: Multi-layered protection including Advanced News Filter (300-minute buffer), Stock Market Crash Filter (SPX500 volatility-based), Negative Swap Filter, and FTMO-compliant daily drawdown limits (5% maximum) – though scalping nature demands tight spread conditions

• Verified Performance Data: Live signal shows 115% growth with 70.6% win rate over 37 weeks, 15.6% maximum drawdown – substantial gap between live results and backtest projections (reaching $7.1M) suggests optimization considerations and realistic expectation setting

• Operational Advantages: Complete automation during optimal trading windows reduces manual oversight; extensive parameter customization (50+ settings) enables strategy adaptation; full MQ4 source code access allows modifications – complexity increases configuration risk for inexperienced users

• Strategy Vulnerability: Scalping dependency on execution speed and narrow spreads; mean reversion approach susceptible during strong trending market phases; cross-pair focus may encounter liquidity limitations during high-volatility periods

Recommendations for Evening Scalper Pro EA Source Code mq4

• Trading Platform: MetaTrader 4 (MT4) exclusively compatible

• Optimal Currency Pairs: EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCAD – cross pairs provide mean reversion opportunities but typically feature wider spreads requiring careful broker selection

• Account Configuration: ECN accounts strongly preferred for superior spread conditions and execution quality; Standard accounts may significantly impair scalping effectiveness

• Chart Timeframe: M5 (5-minute) charts required for signal generation and trade management

• Trading Window: US evening session 19:00-23:59 GMT, Wednesday-Thursday optimal performance, Friday trading generally disabled

• Leverage Settings: 1:500 based on live trading data – elevated leverage amplifies both profit opportunities and loss potential, demanding robust margin management practices

• Capital Requirements: $300 minimum per backtest baseline, $1,000+ recommended for adequate risk distribution across multiple pairs and drawdown tolerance buffer

Evening Scalper Pro EA Source Code mq4 Review

Evening Scalper Pro offers systematic mean reversion trading with solid live documentation (115% growth) while requiring careful drawdown risk evaluation given 15.6% exposure levels.

Live Trading Evidence: ICMarketsSC-Live31 account displays 115% growth over 37 weeks with 15.6% maximum drawdown, 70.6% win rate, 100% algorithmic execution – demonstrates consistent real-world performance with notable risk exposure requiring appropriate account sizing.

Backtest Analysis: Multi-currency historical testing (2007-2022) shows remarkable progression to $7.7 million peak equity with sustained growth acceleration post-2019 – exceptional historical results create performance expectations significantly exceeding live trading reality.

Performance Metrics: EURUSD M5 technical display shows 91% win rate with 1.1 pip average win against 1.0 pip average loss, reflecting tight risk-reward management characteristic of professional scalping methodologies.

Why Choose Evening Scalper Pro EA Source Code mq4

• Specialized Market Timing: Targets unique US evening session market dynamics when cross-pair volatility typically decreases, creating mean reversion opportunities – requires consistent execution environment and may underperform during unexpected market events

• Complete Code Transparency: Full MQ4 source code inclusion enables advanced customization and strategy verification for technical traders – demands programming competency for meaningful modifications while carrying implementation risks

• Sophisticated Risk Management: Integrated filtering system combining economic news calendars, market volatility detection, and swap cost optimization with customizable drawdown controls – extensive parameter complexity requires proper understanding to maintain optimal performance

• Documented Track Record: 37-week live trading history with measurable performance metrics and consistent automated operation – moderate drawdown exposure (15.6%) necessitates appropriate risk tolerance and account capitalization

• Time-Efficient Operation: Automated trading during specific optimal hours eliminates constant monitoring requirements – VPS infrastructure dependency introduces additional operational considerations and ongoing expenses

Conclusion

Evening Scalper Pro EA Source Code mq4 delivers systematic mean reversion scalping with documented live performance (115% growth, 15.6% drawdown) and extensive technical capabilities, optimal for experienced traders comfortable with moderate risk exposure and technical complexity. Risk-conservative traders should carefully assess the drawdown tolerance requirements against their investment objectives.

Evening Scalper Pro EA Source Code mq4 Download Packages:

• Link download experts:
  • Evening Scalper Pro EA Source Code.mq4
• Presets:
  • ESP_M5_AllPairs.set
  • ESP_M5_BestPairs.set
  • Evening_Scalper_All_Pairs.set
  • Evening_Scalper_Best_Pairs.set

FAQs