Viper EA V2.2

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

Overview

The Viper EA V2.2 MT4 is an expert advisor designed for MetaTrader 4. It employs a sophisticated trading strategy, combining technical analysis and price action to identify high-probability trading opportunities. Let’s dive into the details:

Strategy and Trading Sessions

• The Viper EA uses sharp and effective “mean reversion” entries during specific trading sessions (between 23:00 and 01:00 GMT+2, US DST).
• Mean reversion involves capitalizing on overbought or oversold market conditions.
• The EA aims to optimize profit while managing risk.

Supported Currency Pairs

• Currently recommended pairs: EURAUD, GBPAUD, GBPCHF, EURCHF, AUDCAD, and AUDUSD.

Minimum Deposit

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

Lot Size Management

• Choose fixed lot size (AutoLotMode = use StartLots) or automatic lot size based on balance/equity (AutoLotMode = use LotsizeStep).
• LotsizeStep values (based on USD):
  • Low risk (DD up to 15%): LotsizeStep = 2000 (minimum $2000 balance).
  • Medium risk (DD up to 30%): LotsizeStep = 1000 (minimum $1000 balance).
  • High risk (DD up to 60%): LotsizeStep = 500 (minimum $500 balance).

Setup

• The EA does not require any setfile to run; all pairs are pre-optimized.
• Enable the OneChartSetup and set the pairs you wish to use.
• Backtesting: Highly recommended on MT5 platform 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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Contact: https://t.me/yoforexrobot

🔔😎Happy Trading😎🔔