Dark Algo Settings

• Allow Buy: Whether the EA is allowed to open buy trades.
• Allow Sell: Whether the EA is allowed to open sell trades.
• Max Number of Orders: The maximum number of orders that the EA is allowed to have open at one time.
• Max one Trade any Bar: Whether the EA is allowed to open only one trade per bar.
• Fifo Closing: Whether the EA will use the First In First Out mode for closing trades.
• Allow Buy and Sell at Same Time: Whether the EA is allowed to open both buy and sell trades at the same time.
• Magic Number: ID number of the orders.
• Max Spread: maximum spread to trade.
• Max Average Spread: The maximum average spread that the EA will accept before not opening a trade.

Indicators Settings

• Stochastic Timeframe: The time frame used for the Stochastic indicator
• Stochastic Slow K: The parameter that sets the number of bars used for the slow %K line in the Stochastic indicator
• Stochastic Slow D: The parameter that sets the number of bars used for the slow %D line in the Stochastic indicator
• Stochastic Slowing: The parameter that sets the number of bars used to slow down the %K line in the Stochastic indicator
• Stochastic MA Mode: The moving average method used for the Stochastic indicator
• Stochastic Price: The price used for calculation of the Stochastic indicator
• Atr Timeframe: The timeframe for the Average True Range (ATR) indicator.
• Main Atr Periods: The number of periods for the main ATR calculation.
• Entry Timing: Whether the EA uses an algorithm to determine the best time to open trades.

Key Features of Dark Algo EA

1. Fully Automatic: Dark Algo EA operates without the need for constant human intervention, making it ideal for traders of all experience levels.
2. Highly Customizable: With a wide range of external settings, traders can tailor the EA to suit their specific trading needs and preferences.
3. Advanced Scalping Strategy: The EA is specifically designed for scalping on EURUSD, targeting quick profits from small price movements.
4. Adaptable Algorithm: The core algorithm is built to identify and follow market trends, adapting to changing market conditions.

Understanding the Algorithm

The heart of Dark Algo EA lies in its sophisticated algorithm. This advanced system processes a vast array of market data and historical information to make informed trading decisions. Some key aspects of the algorithm include:

• Trend identification and following
• Real-time market analysis
• Adaptive decision-making based on current market conditions
• Integration of multiple technical indicators for improved accuracy

Setting Up Dark Algo EA

To get started with Dark Algo EA MT4 V1.5, follow these steps:

1. Download and install the EA on your MetaTrader 4 platform (Build 1431 or higher).
2. Carefully read the user manual to understand all features and settings.
3. Apply the EA to your EURUSD chart (default timeframe: H1).
4. Customize the settings according to your trading preferences (more on this in the next section).
5. Begin with a demo account to familiarize yourself with the EA’s performance.

Customization Options

Dark Algo EA offers extensive customization options through its external parameters. Some key settings include:

• Allow Buy/Sell: Toggle the EA’s ability to open buy or sell trades.
• Max Number of Orders: Set the maximum number of open trades allowed.
• Max one Trade any Bar: Limit the EA to opening only one trade per bar.
• Fifo Closing: Enable First In First Out mode for closing trades.
• Magic Number: Assign a unique identifier for the EA’s trades.
• Max Spread: Define the maximum acceptable spread for trading.

Recommended Trading Conditions

For optimal performance, consider the following recommendations:

1. Timeframe: Default is H1, but can be adjusted based on your settings.
2. Currency Pair: Primarily designed for EURUSD, but can be used on other pairs with appropriate settings.
3. Broker: An ECN broker is recommended for better execution and lower spreads.
4. VPS: A low-latency VPS is advised for consistent performance.
5. Leverage: Minimum recommended leverage is 1:20.
6. Minimum Deposit: A minimum of 1000 USD is suggested.

Money Management Settings

Proper money management is crucial for long-term success. Dark Algo EA offers the following options:

• Lots: Set a fixed lot size when money management is disabled.
• Money Management: Enable or disable automatic lot size calculation.
• Risk Percent: Define the risk percentage per trade when money management is enabled.

Indicator Settings

Dark Algo EA utilizes various technical indicators to inform its trading decisions. Key indicator settings include:

1. Stochastic Settings:
   • Timeframe
   • Slow K and D periods
   • Slowing
   • MA mode
   • Price type
2. ATR (Average True Range) Settings:
   • Timeframe
   • Main ATR periods
3. Entry Timing: Enable or disable the EA’s algorithm for determining optimal trade entry points.

Optimizing Performance

To get the most out of Dark Algo EA, consider these optimization tips:

1. Start with the default settings and gradually adjust based on performance.
2. Use a demo account to test different configurations without risk.
3. Keep a trading journal to track performance across various settings.
4. Regularly review and adjust your settings as market conditions change.
5. Consider using the EA on multiple currency pairs to diversify your trading.

Compatibility and Requirements

• Platform: MetaTrader 4 (Build 1431 or higher)
• Operating System: Windows (compatible with MT4)
• Broker: ECN broker recommended
• FTMO Compatibility: Yes
• Minimum Deposit: 1000 USD recommended
• Minimum Leverage: 1:20

Final Word

Dark Algo EA MT4 V1.5 For Build 1431+ offers traders a powerful tool for automated scalping on the EURUSD pair. With its advanced algorithm, extensive customization options, and robust performance, it stands as a valuable asset for forex traders looking to enhance their trading strategies.

Remember to always practice responsible trading, use proper risk management, and thoroughly understand the EA’s functions before live trading. Happy trading!