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Night Ranger is an MT5 expert advisor that scalps range-bound conditions during the Asian session on the M5 chart. It offers a Basic mode with a stop loss and a Recovery mode without one, and runs on EURUSD, GBPUSD, EURCHF and USDCHF.
Get one message the moment it launches, with its price.
Night Ranger is an expert advisor for MetaTrader 5 that trades short-term price swings during the quiet Asian session. It looks for markets moving inside a range and tries to enter near the edges, aiming for a move back toward the middle.
The core idea is range trading. When volatility is low and price consolidates, it often oscillates around an average value. Night Ranger watches for price reaching the outer boundary of that range and opens a position expecting a reversal toward the mean. It works only inside a defined time window, so it stays idle for the rest of the day.
The advisor is fully automated. After you attach it to a chart and load your settings, it handles entries and exits without manual input. Profits can be reinvested as the account balance changes, which means position sizing follows the account size you choose to run.
The advisor is designed for the M5 timeframe and for four currency pairs: EURUSD, GBPUSD, EURCHF and USDCHF. Because it can run on several pairs at once, exposure can be spread across symbols, although the pairs may still be correlated. Each pair needs its own chart with the advisor attached.
Exact input values depend on the symbol and the mode, so load the preset that matches the pair you are trading and review it before going live. The table below lists the settings that matter most for setup.
| Setting | Purpose | What to check |
|---|---|---|
| GMT offset | Aligns the trading window with the Asian session | Use your broker's server time zone, not your computer's, and confirm the winter-time value |
| Mode | Chooses Basic or Recovery | Match it to your risk tolerance and balance |
| Lot or risk size | Controls position size | Start small and confirm values against your deposit |
| Symbol preset | Pair-specific parameters | Load the right preset for each chart |
Scalping small ranges is sensitive to spreads, commissions and slippage. A low spread ECN or RAW style account is usually the better choice. The recommended minimum balance is higher for Recovery mode than for Basic mode, so confirm the current figures on the product page and use a deposit that you can afford to lose. A VPS can help keep the terminal running through the night.
Trading leveraged products carries a high level of risk, and you can lose more than you expect. Past results, including backtests and any live monitoring, do not predict future ones. Recovery mode in particular can produce large drawdowns. Test on a demo account first and never risk money you cannot afford to lose.
Check your settings again after your broker changes to or from daylight saving time, since the server offset can change.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, scalping |
| Markets | EURUSD, GBPUSD, EURCHF, USDCHF |
| Timeframe | M5 |
| Trade style | Range-based night scalping, mean reversion |
| Trading window | Asian session, set by broker GMT offset |
| Account type | Low spread accounts such as ECN or RAW |
| Suggested deposit | Higher for Recovery mode than for Basic mode; check the product page |
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This listing is for MetaTrader 5. It is an expert advisor, so it must be attached to a chart in the MT5 terminal. It will not load in MetaTrader 4, which uses a different file format.
Yes. The advisor trades at fixed hours based on GMT. You need to enter your broker's server time zone, not your computer's, in the GMT offset parameter. Take care with daylight saving: check which offset your broker uses in winter and enter that value. A wrong offset moves the trading window away from the Asian session.
The advisor is built for the M5 chart and the pairs EURUSD, GBPUSD, EURCHF and USDCHF. Attach it separately to a chart of each pair you want to trade and load the matching settings for that symbol.
Basic mode closes losing trades with a stop loss, so each loss is limited. Recovery mode does not use a stop loss and instead works to recover losing positions, which can produce larger drawdowns when the market moves against it. Choose the mode that fits your risk tolerance and account size.
Scalping on a small range depends heavily on low spreads and fast execution, so an ECN or RAW style account is generally the better fit. Check spreads and commissions on your own account before running the advisor live, and test on a demo account first.
Yes. You can run it in the MT5 Strategy Tester and on a demo account. Keep in mind that tester results depend on the quality of the historical data and on the spread you select, and that past results do not predict future ones.
Night Ranger
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