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Trend Venom EA

The Trend Venom EA is a fully automated Expert Advisor that trades based on Moving Average and RSI signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Not sensitive to spread
  • Always a stop loss in place
  • All you need is a VPS


Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of lots for the first trade in a group. Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk, true/false.
  • MoneyManagementRisk - Risk per trade if money management is on. Values from 0.01 to 0.1.
  • AllowNewTrades - Turn this of to disable new trade groups, true/false.
  • AccountProfitLock - If money management is on the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance). Values from 0.0 to 1.0.
  • PositionComment - Allows you to set the position comment.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • TakeProfit - The take profit (Setting to 0 disables). Values from 2 to 500 depending on the pair being traded.
  • StopLoss - The fixed stop loss - Values 25 to 4000 depending on the pair being traded.
  • RSIPeriod - The RSI period used as averaging entry signal - Values 1 to 40.
  • RSIThreshold - The RSI threshold used as averaging entry signal - Values 1 to 40.
  • MASlowPeriod - The slow Moving Average period used as entry signal - Values 1 to 1000.
  • MASlowMode - The slow Moving Average mode selection used as entry signal.
  • MAFastPeriod - The fast Moving Average period used as entry signal - Values 1 to 1000.
  • MAFastMode - The fast Moving Average mode selection used as entry signal.
  • StopLossType - The Stop Loss modification when averaging - STANDARD=No modification.
  • TimeAveraging - If turned on time averaging is used to recover negative trades, true/false.
  • TimeAveragingStep - The negative move in pips against the current trade to trigger the next time averaging trade. Values 5 to 100.
  • TimeAveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.


Optimization & Defaults

Default input values are for EURUSD M5. If optimizing, optimization of RSIPeriod, RSIThreshold, MASlowPeriod, MAFastPeriod, TakeProfit and TimeAveragingStep are needed to find the best results.

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4.5 (6)
Experten
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Lo Thi Mai Loan
Experten
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Arseny Potyekhin
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4.78 (477)
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5 (5)
Experten
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Inrexea Limited
Experten
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Aleksandr Chebotaev
2 (1)
Experten
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Vladislav Andruschenko
5 (2)
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Unser Team freut sich, Trading Robot vorstellen zu dürfen, den hochmodernen Smart Trading Expert Advisor für das MetaTrader-Terminal. AI Sniper   ist ein intelligenter, selbstoptimierender Handelsroboter, der für  MT4   -Terminals entwickelt wurde. Durch die Verwendung eines hochentwickelten Algorithmus und hochmoderner Handelsmethoden verkörpert   AI Sniper   Exzellenz in der Handelsoptimierung. Mit über 15 Jahren umfassender Erfahrung an den Börsen und Wertpapiermärkten hat unser Team diesen
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Fanur Galamov
5 (19)
Experten
Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position management algorithm. Main goal of Diamond PRO
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Thi Thu Ha Hoang
5 (12)
Experten
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Robots4Forex Ltd
Experten
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Robots4Forex Ltd
Experten
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Robots4Forex Ltd
Experten
Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
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