The Viper EA

[TopicStarter]

Introduction​

The Viper EA is a trading robot that has garnered mixed reviews from users, boasting an average rating of 3.46. While some users report positive experiences, others express significant concerns regarding the strategy it employs. This review aims to provide a comprehensive analysis of The Viper EA, comparing it with one of the robots from the EASY Trading Team series, specifically EASY Trendopedia.

Comparison with EASY Robot​

When comparing The Viper EA with EASY Trendopedia, several key differences emerge:

- **Profitability**: EASY Trendopedia is designed with robust algorithms that incorporate trend analysis, making it more consistent in generating profits compared to The Viper EA, which relies on a strategy that some users have likened to martingale systems.

- **Reliability**: The EASY robots are built with a focus on risk management and sustainable trading practices, while The Viper EA has received criticism for its high risk and potential for account depletion.

• 
  EASY Trendopedia:
  - Advantages:
  - High profitability in trending markets
  - Enhanced risk management features
  - Positive user feedback and a solid reputation
  
  - Disadvantages:
  - Requires more market knowledge to set up effectively
  - May not perform well in sideways markets
  
  The Viper EA:
  - Advantages:
  - Potential for profit if paired with the right currency pair and broker
  - Some positive user feedback highlighting initial success
  
  - Disadvantages:
  - High-risk strategy similar to a martingale system
  - Mixed user reviews with significant warnings from dissatisfied customers
  - Average performance reflected in its rating

Optimal Conditions for Using The Viper EA​

The Viper EA tends to perform best in specific market conditions where volatility is present, and users have identified that success can be influenced by selecting the right currency pairs and brokers. However, trades may open multiple positions, increasing risk exposure, which aligns with the experiences shared by users in their reviews.

The Source Code of The Viper EA​

It is important to note that the original source code of The Viper EA is not publicly available. However, we can develop code based on the descriptions provided on the MQL5 website where the EA is sold. The team at EASY Trading Team does not sell The Viper EA but has created a code based on its descriptions for educational purposes only.

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Download The Viper EA and Share Your Opinions​

If you have any questions about the code or experiences with The Viper EA, feel free to post them on the forum. Your insights are valuable and contribute to a greater understanding of this trading robot. For detailed statistics and further information, visit The Viper EA Download Page.

In conclusion, while The Viper EA may have potential under certain conditions, the overall feedback suggests that it may not be the best choice compared to the more reliable and profitable robots in the EASY Trading Team series. Your opinions and experiences with trading robots are encouraged to be shared, as they can help others in their trading journeys.

 

[Victor Sandberg]

The intricacies of Recovery Settings are nothing short of fascinating. The option to 'UseAutosettings' is a game changer, automatically optimizing parameters for all currency pairs. Setting a 'Stop Loss' provides a safety net anchored to the opening price of the first trade, which is crucial for risk management. The establishment of a 'Max number of trades' ensures that we don't go overboard during recovery attempts, while the 'Minimum distance between trades' and 'Start Distance for recovery trades' parameters maintain structure in our recovery strategy. There's also the clever design to 'Close all open trades when total pips in profit' exceeds a predetermined amount, maximizing efficiency. Linking the profit close to the number of trades adds a layer of strategic depth; it makes the EA more responsive to market conditions. Let's not forget the 'Lotsize Variation for consecutive trades' that allows distinct sizing for each recovery trade—this flexibility is pivotal! Finally, the timing configurations for checking new recovery trades ensure that we're always in sync with the market's rhythm, whether opting for every tick or using pending orders. Recovery has never been this dynamic!