Quiet Moon MT5

Quiet Moon is an automated scalping expert advisor for MetaTrader 5. It looks for short trading opportunities during the quiet night session, when volatility is usually low, and manages each position with its own exit logic, optional trailing stop and several filters.

How it works

The expert advisor watches the M15 chart of the symbol it is attached to and opens trades when its signal conditions are met. Positions are intended to be short. The stop loss and take profit inputs act as outer limits, and in many cases the trade closes earlier when the exit signal appears. With AutoTake enabled, the take profit is placed near the expected exit level and is adjusted while the trade is open, so the broker can close the position instead of the expert advisor.

Strategies and order types

• Three strategy modes can be chosen from a drop-down list.
• Pending_dist controls the entry type: zero uses market orders, a positive value places limit orders, and a negative value places stop orders.
• Max trades and the minimum re-entry distance limit how many extra orders can be added on a repeated signal.

Aggressive mode

An optional aggressive mode uses averaging instead of a stop loss. It adds orders using an RSI-based condition, a lot multiplier and a cap on the number of orders. Averaging can increase exposure quickly, so use it only if you understand the consequences and have tested it thoroughly.

Markets and timeframes

The tool is built for M15 and for forex pairs. Suggested symbols include AUDCAD, AUDCHF, AUDUSD, CADJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURNZD, EURUSD, GBPCAD, GBPCHF, GBPUSD, NZDCAD, NZDUSD, USDCAD and USDCHF. Run it on each chart separately. Because it relies on tight spreads at night, the choice of broker matters a great deal.

Settings

Distance inputs are given in old points, and on five-digit quotes they are multiplied by ten automatically. Check the recommended values for each pair before you start.

Risk

Installation

1. In MetaTrader 5, choose File, then Open Data Folder, and open MQL5 and then Experts.
2. Copy the expert advisor file into that folder and restart the terminal or refresh the Navigator.
3. Open an M15 chart for each symbol you want to trade.
4. Drag the expert advisor onto the chart, then enable algo trading in the common tab and on the toolbar.
5. If you use the news filter, add the required addresses under Tools, Options, Expert Advisors, in the allowed WebRequest list.
6. Set your lot size, trading hours and spread limit, and confirm that the settings match your broker.