The Viper EA MT4 v2.2

The Viper EA MT4 v2.2

The Viper EA is a sophisticated trading robot for MetaTrader 4 designed to capitalize on mean reversion opportunities during the quiet, ranging periods of the trading day. With a robust recovery mechanism, it ensures high profitability even in challenging market conditions.

Core Features

1. Mean Reversion Entries

• Trades are opened during the optimal ranging period between 23:00 and 01:00 GMT+2 (US DST), where the market exhibits mean-reverting behavior.
• High success rate on the initial entry, making it an ideal EA for steady profits.

2. Recovery Algorithm

• If the market moves against the initial position, the EA activates its recovery mode, which uses advanced algorithms to turn the trade into a profitable outcome.

3. Plug-and-Play Setup

• No set files required—all settings are pre-optimized and stored internally for 20 supported pairs.
• Easy installation: attach the EA to an EURUSD M15 chart, enable OneChartSetup, and select the pairs you want to trade.

4. Flexible Lot Sizing

• Fixed Lot Mode: Use a static lot size by setting AutoLotMode to StartLots.
• Automatic Lot Mode: Calculate lot size dynamically based on balance or equity using LotsizeStep.

5. Risk Management

• Low, medium, and high-risk modes allow you to tailor the EA to your risk tolerance and account balance:
  • Low Risk: 20 pairs, LotsizeStep = 2000, $2000 minimum balance (drawdown up to 15%).
  • Medium Risk: 20 pairs, LotsizeStep = 1000, $1000 minimum balance (drawdown up to 30%).
  • High Risk: 20 pairs, LotsizeStep = 500, $500 minimum balance (drawdown up to 60%).
• Smaller accounts with at least $150 can trade up to 4 low-risk pairs.

Setup Instructions

1. Install and Attach EA:
   • Attach the EA to an EURUSD M15 chart.
   • Enable the OneChartSetup option in the parameters.
   • Choose the pairs to trade.
2. Select Lot Size Mode:
   • Fixed Lot Size: Set AutoLotMode = StartLots.
   • Dynamic Lot Size: Set AutoLotMode = LotsizeStep and configure LotsizeStep based on your risk preference.
3. Backtesting for Custom Pair Selection:
   • If using fewer pairs, backtest on MT5 to identify the maximum drawdown and adjust LotsizeStep accordingly.
4. Monitor and Adjust:
   • Observe performance and refine settings if needed based on market conditions.

Why Choose The Viper EA?

✅ Proven Strategy: Highly effective during the most predictable market conditions.
✅ Risk-Managed Recovery: Trademark recovery algorithm minimizes losses and stabilizes performance.
✅ Simple Setup: Pre-optimized settings make it beginner-friendly while providing robust results.
✅ Scalable: Works well with both small and large accounts.

Ready to maximize your trading potential? Download The Viper EA MT4 v2.2 now and experience professional-grade trading automation!