The Viper EA V2.2

The Viper EA V2.2 MT4: A High-Probability Trading Robot

Overview

The Viper EA V2.2 MT4 is an advanced Expert Advisor (EA) designed for MetaTrader 4. It combines technical analysis, price action, and a sophisticated trading strategy to identify high-probability trading opportunities. Let’s dive into the details:

Strategy:

The Viper EA uses a sharp and effective “mean reversion” strategy during specific trading sessions. Here’s how it works:

• • Ranging Period: The EA operates between 23:00 and 01:00 GMT+2 during the US DST.
  • Mean Reversion: It capitalizes on overbought or oversold market conditions.
  • High Success Rate: Trades during this period already have a very high success rate.
  • Recovery Mode: If the market turns against a position, the EA activates its trademark recovery algorithm. It aims to convert unsuccessful first entries into profitable results.

Supported Currency Pairs:

• • EURAUD
  • GBPAUD
  • GBPCHF
  • EURCHF
  • AUDCAD
  • AUDUSD

Minimum Deposit:

• • Recommended minimum balance: $200 (for up to 4 pairs).
  • For running all 20 pairs, $500 or more is recommended.

Risk Levels:

• • Low Risk (DD up to 15%): Use LotsizeStep=2000 with a minimum $2000 balance.
  • Medium Risk (DD up to 30%): Use LotsizeStep=1000 with a minimum $1000 balance.
  • High Risk (DD up to 60%): Use LotsizeStep=500 with a minimum $500 balance.

Setup:

• • No setfile required; all pairs are pre-optimized.
  • Enable the OneChartSetup and set the pairs you wish to use.
  • Choose fixed lot size (AutoLotMode = use StartLots) or automatic lot size based on balance/equity (AutoLotMode = use LotsizeStep).

Backtesting:

• • Highly recommended to run backtests on MT5 for accurate results.
  • Test the whole portfolio at once using real ticks with variable spreads.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

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Additional Resources:

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Happy Trading