The Viper EA V2.2 MT4: A Mean Reversion Expert Advisor
Overview
The Viper EA V2.2 is an automated trading robot (Expert Advisor) designed for MetaTrader 4 (MT4). It employs a mean reversion strategy, aiming to capitalize on overbought or oversold market conditions during specific trading sessions.
Key Features:
- Strategy: The Viper EA uses sharp and effective “mean reversion” entries during the ranging period of the trading sessions (between 23:00 and 01:00 GMT+2, US DST).
- Optimized Performance: These trades already have a very high success rate during the specified ranging periods.
- Recovery Mode: If the market turns against the position, the EA activates its trademark recovery mode to manage positions effectively.
Trading Sessions
The Viper EA focuses on specific trading sessions between 23:00 and 01:00 GMT+2 during US DST. It targets overbought or oversold conditions, making it ideal for traders who seek frequent opportunities.
Supported Currency Pairs
The Viper EA is recommended for the following currency pairs:
- EURAUD
- GBPAUD
- GBPCHF
- EURCHF
- AUDCAD
- AUDUSD
Minimum Deposit and Balance Recommendations
- Minimum Balance:
- For up to 4 pairs: $200
- For running all 20 pairs: $500 or more
- Adjust your risk level based on your account balance:
- 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.
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/mql5software
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