The Viper EA v2.2

Original price: $149

Content: Expert: TheViperEA_2.2_fix.ex4 (Unlocked MT4 Build 1420+), How to install MT4 files.pdf

NOTE: Only recommended for these pairs currently: EURAUD, GBPAUD, GBPCHF, EURCHF, AUDCAD and AUDUSD.

The Viper EA uses sharp and effective “mean reversion” entries during the ranging period of the trading sessions (between 23h and 1h GMT+2, US DST).

These trades already have a very high Succes rate, but if the market turns against the position, the EA will initialize its trademark recovery mode.

The recovery algorithm will try to convert every unsuccessful first entry into a profitable result.

This EA was developed using live results from my previous EA’s as starting point, and optimized using 99.99% Tick data on MT5, using 7$/lot commission on each trade.

It has been stress-tested with multiple “random settings” for all pairs and succeeded every single test.  This means that the risk of over-optimization is minimized to almost zero.

Supported pairs: GBPCAD;GBPCHF;GBPAUD;CHFJPY;AUDCHF;EURCHF;EURUSD;CADCHF;GBPJPY;GBPUSD;AUDCAD;AUDUSD;EURJPY;USDCHF;AUDJPY;USDCAD;EURGBP;EURAUD;EURCAD;

Timeframe: M15

Recommended minimum balance: 150$ -> max 4 pairs. For running all 20 pairs, 500$ or more is recommended

For the AutoGMT and news filter to work it is important to add these 2 URLs to the “allowed URL’s” in the MT4/MT5 settings (Tools -> Options -> Experts):

• https: //ec.forexprostools.com/
• https: //www. worldtimeserver.com/
• (remove the spaces!)

Setup:

• The EA does not require any set file to run.  All pairs are pre-optimized, and settings are stored internally.
• Simply run the EA on a EURUSD M15 chart, and then in the parameters: enable the OneChartSetup and set the pairs you wish to use.
• Either choose fixed lotsize (AutoLotMode = use StartLots) or automatic lotsize based on balance/equity (AutoLotMode = use LotsizeStep).
• When using all 20 pairs -> Low risk (DD up to 15%): use LotsizeStep=2000 and minimum 2000$ balance; Medium Risk (DD up to 30%): use LotsizeStep=1000 and minimum 1000$ balance; High Risk (DD up to 60%): use LotsizeStep=500 and minimum 500$ balance.  These values are based on USD.  If you are using a different base currency on your accounts, please convert these values first.
• You can also run on smaller account (minimum 150$ recommended when running max 4 low risk pairs) if you select only a few pairs to trade.
• When using less pairs, it is best to do the backtest on MT5 to determine the max drawdown, and based on that, set your LotsizeStep accordingly.

Settings of the EA:

• “EA Settings” -> here you can allow the infopanel to be shown, adjust its size, set the comment for the trades, set the magicnumber for the EA, enable the OneChartSetup and choose which pairs to run.
• “Trading times” -> here you can choose when the EA should start trading (only regarding the first trade, not the recovery trades).  Recommended not to change this.
• “First Trade Settings” -> here you can set max spread for the first trade, as well as choose if you want to use marketorders instead of pending orders, and virtual TP or not.
• “Recovery trades settings” -> here you can simply choose “use Auto Settings” if you want to use my optimized settings for all pairs or set up everything manually to your own optimization.
• “News Filter” -> here you can enable and adjust the news filter (only for the first trade).
• “Lotsize Settings” -> Here you can set up the lotsize calculation method.
• “GMT settings” -> here you can simply use AutoGMT (recommended) or set it up manually.
• “Roll over filter” -> here you can configure the rollover-filter to prevent starting to trade during rollover.