Introduction


Ever get tired of EAs that promise the moon but deliver nada? Yeah, we’ve all been there… dropping $100s on fancy bots only to see flat-lining charts, no profit in sight. Well, guess what – Venom EA V1.0 MT4 is here to shake things up! Free, fully backtested, and no shady martingale tricks, this little scalper packs a punch without draining your deposit. You’ll love how it zeroes in on micro-moves in the market, coz it’s laser-focused on tight spreads and quick exits. Plus, it’s 100% free on MQL5.software, so you can ditch those overpriced subscriptions and keep your bankroll intact. Whether you’re a forex newbie or a seasoned pro, Venom EA V1.0 MT4 brings you that extra edge, turning those tiny price swings into real gains. Ready to kill the noise and start scalping with precision? Let’s dive in! This MT4 expert advisor doesn’t just talk big; it’s backed by rigorous testing across multiple currency pairs and time frames. And tho it’s super user-friendly, the under-the-hood tech is anything but basic, leveraging advanced filtering to avoid false signals, which means your balance doesn’t take those nasty drawdown hits. Trust us, once you hook this beast up, Venom EA V1.0 MT4 will have you wondering how you ever traded without it.



Overview


Venom EA V1.0 MT4 is YoForex’s latest free offering for traders who crave consistent scalp profits without the fluff. Built on MetaTrader 4, this gold scalper EA zeroes in on XAUUSD alongside major FX pairs, executing rapid trades on the M5 timeframe. Its core purpose? To capture small, high-probability moves—usually aiming for +5 to +10 pips per trade—while keeping drawdown under tight control.


Under the hood, Venom EA V1.0 MT4 employs multi-layered filters that analyze volatility, trend direction, and spread conditions before placing any order. No more random entries or stop-hunting nightmares. And tho it’s powerful, the setup’s simplicity means you don’t need a PhD in algo-trading to get going. Just load it onto your MT4 chart, tweak a couple of sliders, and let Venom do the heavy lifting.


If you’re curious how it stacks up, check out our Galaxy Gold Scalper V3.0 or give the Neurotron EA V2.0 a spin. For total newbies, our Beginner’s Guide to Expert Advisors has all the basics on installing your first MT4 expert advisor.


Venom EA’s risk management is dialed in too; it adapts lot sizes based on your chosen risk percentage, so you can dial down aggression on volatile days. Secondary indicators like Bollinger Bands and ATR are used as dynamic stop filters, ensuring trades are only taken when the conditions are ripe. All in all, Venom EA V1.0 MT4 is built for traders who want an MT4 expert advisor that just works, no endless tweaking needed.


Key Features



  • Designed specifically for Venom EA V1.0 MT4 to scalp 5–10 pips per trade

  • Multi-currency support: XAUUSD, EURUSD, GBPUSD, USDJPY

  • Adaptive lot sizing based on account risk percentage

  • Built-in volatility filter using ATR and spread thresholds

  • Trend confirmation via moving average crossover

  • Tight drawdown control (max 3% per trade, overall 8%)

  • No martingale or grid strategies—pure price action

  • Capable of 50+ trades per week in active markets

  • User-friendly settings panel for instant setup

  • Compatible with 5-min and 15-min timeframes

  • Fully backtested on 10 years of historical data

  • Low CPU & memory footprint for uninterrupted trading



Backtest Results


Before you start live trading, you gotta check the numbers. Venom EA V1.0 MT4 was backtested over a 10-year period (2013–2023) on XAUUSD using tick simulation. Sample size? Over 12,000 trades—so it’s no small dataset. The equity curve shows a steady uphill trend with an average monthly return of 8.5% and a max drawdown capped at 6%. These stats were consistent across multiple broker conditions and varying spreads, giving you confidence that performance isn’t just a fluke. (See Image #1 for equity curve and Image #2 for a clear risk vs reward breakdown.)


On EURUSD, the bot clocked in roughly 7.2% monthly growth with sub-5% drawdowns, proving its versatility beyond gold scalping. Live-market tests on demo accounts mirror these results; trades executed smoothly, slippage stayed minimal, and the overall balance trend matched the simulated equity curve. Of course, past performance isn’t guarantee of future results, but seeing such tight controls and solid gains over thousands of trades is pretty encouraging. Keep an eye on news events though—extreme volatility days might require you to tweak your settings or pause the EA.


How to Install & Configure


Getting Venom EA V1.0 MT4 up and running is a breeze. Just follow these steps:



  1. Download the EA from the official MQL5.software page.

  2. Copy the VenomEA.ex4 file into your MT4 “Experts” folder (File > Open Data Folder > MQL4 > Experts).

  3. Restart MetaTrader 4 so the EA shows up in the Navigator panel.

  4. Drag & drop the EA onto an M5 or M15 chart.

  5. In the Inputs tab, set your RiskPercent (we recommend 1–2%).

  6. Adjust MaxTradesPerDay if you want fewer signals.

  7. Enable AutoTrading (click the green play button).


For recommended settings, refer to Image #3—our annotated MT4 settings panel highlights the optimal parameters. From there, click “OK” and let Venom EA do its thing. If you wanna fine-tune further, tweak the volatility filters and magic number as needed.


Why Choose YoForex-Powered Tools?


YoForex has been empowering traders with reliable, free tools since day one. We believe in transparency—no hidden fees, no surprise upgrades. Venom EA V1.0 MT4 joins our lineup alongside other fan-favorites like the Galaxy Gold Scalper and Neurotron EA. Every release undergoes rigorous testing by our in-house quant team and is constantly updated based on user feedback. Plus, we never lock features behind paywalls; you get full access from download day onward. If you value trust, performance, and community-driven improvements, YoForex-powered tools are the way to go.


Support & Contact


Hit any bugs or need a hand? Ping us on WhatsApp at +44 33 0027 2265 or join our Telegram group at t.me/yoforexrobot. Our support squad is online 24/5 and ready to assist you with installation, parameter tweaks, or general questions. We’re all about making sure Venom EA V1.0 MT4 meets your trading goals.


Disclaimer: Past performance is not a guarantee of future results. Forex trading carries risk, and you should practice on a demo account before going live. Always trade responsibly and manage your capital wisely.


Call to Action


Ready to inject some venom into your trading? Grab it now—totally free on MQL5.software—and start scalping like a pro. Don’t wait; give it a spin on demo, tweak settings, and watch those pips add up. Remember, our team’s got your back via WhatsApp or Telegram.