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Night Hawk EA is an MT4 expert advisor built for the quieter Asian session. It takes entries from CCI and Bollinger Bands and manages adverse moves with a grid, drawdown limits and several exit filters.
Get one message the moment it launches, with its price.
Night Hawk EA is an automated trading tool for MetaTrader 4 that focuses on the Asian session, when many currency pairs tend to move within narrower ranges. It looks for stretched price moves using Bollinger Bands and the Commodity Channel Index, and it can add orders in a grid if price keeps going against the first position.
The first order is opened when price reaches the edge of the Bollinger channel, with an optional offset, and the CCI reading confirms the signal. Trading is allowed only when the channel is wide enough, so very flat markets can be skipped. A candle size filter can also block new orders after unusually large recent candles.
If the market moves against the position, the EA can add further orders. The minimum distance between levels is based on ATR, so the spacing adapts to current volatility. The second level uses the initial lot, while later levels can use lot multipliers. Take profit can be reduced as levels are added, and the grid can be moved to breakeven at a chosen level.
Once a set share of the take profit is reached, four independent filters can close the basket:
The EA is designed for forex pairs during quiet overnight hours. The trading window is defined by start and end times plus a GMT offset for your broker server, so check your broker's server time before setting it. Timeframe and symbol choices depend on the settings you load, so confirm them against any set file you use.
The inputs are grouped by purpose. The main groups are listed below.
| Group | What it controls |
|---|---|
| General | Fixed lot or automatic lot by deposit, fixed or dynamic take profit |
| Extra | Pause on new orders, maximum spread, drawdown exit, maximum open symbols, same-direction pair filter |
| Entry | Bollinger period, deviation, offset and minimum width; CCI period and level |
| Candle size | Maximum combined candle length over a chosen number of bars |
| Grid | ATR period and multiplier, lot multipliers, take profit reduction, breakeven level, averaging level |
| Exit | Profit percentage trigger, Bollinger, CCI, moving average and time filters |
| Time | GMT offset, start and end of trading, rollover filter |
Exact default values are not listed here, so check the inputs in your terminal and test on a demo account before changing anything.
Grid systems can hold several open orders while price moves against them, and lot multipliers raise exposure at deeper levels. Use the drawdown stop, spread limit and lot settings carefully, and keep the account size in proportion to the lot size.
Trading carries risk, and you can lose some or all of your capital. Past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Signals, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Counter-trend entries with a grid of averaging orders |
| Entry logic | Bollinger Bands and CCI signals |
| Session focus | Asian session, set by configurable trading hours |
| Spread and account | Low-spread ECN-type account suggested; check the spread limit |
| Requirements | MT4 terminal, algo trading enabled, VPS recommended |
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No. This is an MT4 expert advisor and will not run on MetaTrader 5. If you use MT5, you need a product built for that platform.
Unpack the download, copy the expert advisor file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Attach it to a chart, enable algo trading and load your chosen settings.
The author mentions low-spread ECN accounts with high leverage, and the EA has a spread limit. Check your broker's typical Asian session spreads, since wide spreads at rollover can block entries or affect results.
The EA has many inputs covering entries, grid, exits and trading hours. The author has talked about prepared set files, so check the product page or contact the store about whether they are supplied, and test any set on a demo account first.
No single figure fits every account. The author suggests a fairly large balance per 0.01 lot because a grid can build exposure. Check the lot and deposit inputs against your own risk tolerance and test on demo before going live.
No. Trading carries risk, grid strategies can hold losing positions for a long time, and past results do not predict future ones.
Night Hawk EA
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