Dark Venus Scalping MT4 Robot is a fully automated scalping forex robot Free to Download. This Expert Advisor needs attention. in fact, presents a High Operating Frequency. Its work based on Bollinger Bands and trades is managed with some strategies. The expert advisor is able to get a very high rate of winning trades.
The basic strategy starts with Market order in counter-trend, but you can change it, in other strategies trend following. All the settings are open to the trader so that everyone can optimize the robot as they wish.
Dark Venus EA can get a bit risky sometimes since it utilizes the martingale method sometimes even hedging. Because of this method, this EA has a very high ROI(Return of investment). How Much Profit you can make monthly depends on your lot size, and risk value.
After a Long time of using this strategy, Blowing your account is inevitable, however, with the periodic withdrawal of investments, the theory of probability works in our favor. After the initial investment is withdrawn, the dangerous martingale strategy immediately becomes break-even and highly profitable.
Please test in a demo account first for at least a week. Also, Make yourself familiar and understand how this Dark Venus Robot works, then only use it in a real account.
The strategy With this EA is to profit fast then withdraw fast. Of course, this is a grail, and with such a risk, the adviser can someday drain the deposit. But the main rule is to withdraw the deposit after doubling the deposit.
Recommendations for this Scalping MT4 Robot
- Minimum Account balance of 100$(High risk), 1000$(Medium risk), 2000$(Low risk), or equivalent cent account. This is a martingale EA so take these risk numbers with a grain of salt
- Recommend adapting your own risk level and deposit since EA can double 100$ Account in a week with a chance to blow the account too. (But it can be mostly avoided if you can turn off the EA and close all trades on volatile markets or News) .
- Work Best on EURUSD, GBPUSD, AUDUSD, and USDCAD(Work on any currency pair)
- Work best on M5, M15 (Work on any time frame)
- The strategy With this EA is to profit fast then withdraw fast. Withdraw the deposit after doubling the deposit. (This EA has real good potential with this method)
- You may need to look out for volatile markets (News) and close trades.
- To reach stable results, This Dark Venus Scalping MT4 Robot should work on VPS without any interruption with low latency. So we Highly Recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread account is also Highly Recommended (Find the Perfect Broker For You Here)
Dark Venus Settings
- Magic Number: ID number of the orders.
- Max Spread: maximum spread to trade.
Money Management Settings
- Lots: number of lots if the money management option is disabled.
- Money Management: if true enables the money management option.
- Risk Percent: if the money management option is enabled, Dark Venus EA indicates the risk percentage.
- Enable Bollinger Bands: if true, use the Bollinger Bands indicator for an entry signal
- Bollinger Bands Strategies: Select the strategy to use
- Moment of the Signal: Decide whether the signal will be executed on the current bar or on the close of the previous bar
- Bollinger Bands Period: Period for Bollinger bands indicator
- Bollinger Bands Deviations: Standard deviation for Bollinger bands
- Bollinger Bands Price: Price for Bollinger Bands
- Bollinger Bands Timeframe: Timeframe for Bollinger Bands
- Enable Time Filter: if true enables the time filter
- Trading Start Hour: operating start Hour
- Trading Start Minute: operating start minutes
- Trading Stop Hours: operating end Hour
- Trading Stop Minute: operating end minutes
- Close Out of hours: close all orders at the end of the timetable.
- Monday: if true, Trading on this Day is allowed.
- Sunday: if true, Trading on this Day is allowed.
- Allow Buy: if true, Ea can trade with buy orders.
- Allow Sell: if true, Ea can trade with sell orders.
- Allow Buy and Sell at the same time: Allow buy and sell orders at the same time
- Allow Order From Others Charts, At Same Time: if true, allow orders from other charts (If the EA then is positioned on other pairs, for example)
- Max Buy Orders: Max Number of buy orders at the same time
- Max Sell Orders: Max Number of sell orders at the same time
- One Trade Bar: if true, the robot can open only one trade-for bar.
- Do Not Open Orders if there is a Closed Order On Current Bar
- Orders Timeframe: Timeframes for the orders (related to One Trade Bar and DoNotOpenOrders…)
- All Credits go to this EA Developer