Pip Digger’s Night Scalper

– v0.7.4.2 –
Quick Start Guide
The EA trades on the following instruments: USDCAD, EURCAD, GBPUSD, EURGBP
on the M15 time frame.

The EA can fully auto setup all trading parameters and GMT offset, and also auto adjust for daylight
saving time. If you choose to run the EA on auto setup, only the following parameters need to be
observed to start trading.

AutoConfig

Obviously, this one needs to be set to true.

MaxSpread

This is the maximum spread in pips at which the EA enters trades. Leave at 0.0 to use defaults, or set
to custom value for your broker.

If new trades are signalled, but current spread is above MaxSpread, the EA waits for the next tick(s) to
fall below this spread limit. If you want to determine a custom MaxSpread value for your broker,
observe the average spreads in the hour after NY close (not including any artificial ultra high spreads
during roll-over period!). The EA’s defaults have been derived for the following spreads:

USDCAD – 2.5 pips EURCAD – 4.0 pips GBPUSD – 2.5 pips EURGBP – 2.5 pips

Slippage

See description of MQL4 OrderSend() function parameters. Usually leave at 1.0. If trades are missed
due to low value, EA waits for next tick(s) to match conditions and re-sends order.

LotSize

Enter any value > 0.0 and the EA will disable money management and use this value as constant lot
size.

Risk

Only used if LotSize = 0.0 (see above). Enter any value > 0.0 to use as risk per trade in % of free
margin. (If RiskBooster is used, actual risk per trade may be higher!)

If AutoConfig (see above) is set to true, suitable default parameters are loaded for each instrument.
The default Risk resulted in historic relative DD of <10% during recent years, which is reasonable for
concurrent live trading.

If you have AutoConfig set true and still want to trade at a higher (or lower) Risk, you can enter a Risk
scale factor here by simply using negative values. E.g. -1.0 means run at default risk, -2.0 means
double default risk and so on...

AutoGMT

Leave at true for the EA to derive your broker’s server GMT offset by comparing it to your local
computer’s time. For this to provide accurate info, your computer’s time needs to be correctly set up
(both time and time zone). You can check and compare all times on the HUD. If time info on the HUD
is NOT correct, set AutoGMT to false and enter GMT offset manually.

AutoGMT does not work in backtesting.

AdjustDST

Only used in backtesting!

If set to true, EA will auto adjust for daylight saving time. The trade window will be 1h earlier compared
with GMT during EDT dates.

For backtesting, this needs to be set to match your history data.