• Overview
  • Reviews (2)
  • Comments

Dark Paranox

Dark Paranox is a fully automatic Expert Advisor for Scalping Trading and Intraday Trading. Dark Paranox is based on an artificial intelligence algorithm that allows to predict and anticipate the trading Signals that it uses. In this way, the expert advisor is able to get a very high-rate of winning trades.

The Expert was tested on the whole available historical period in GBPUSD with exceptional results. You can download the demo and test it yourself. My tests were performed with the real tick date with 99,90% accuracy, actual spread, additional slippage and High commission.

This Expert Advisor uses a special strategy. The default settings usually open a maximum of only 2 orders; Inaddition, too much settings are external, so that everyone can set the robot as they wish.

Live Performance is also available by accessing my sales profile where you can also find my other Robots and their performances:

https://www.mql5.com/en/users/msolito59/seller

No experience is required to Download the robot.

Recommendations

  • The Recommended Timeframe is H1. It is not recommended to use other timeframes for this robot, because they can only compromise the accuracy of the operations.
  • The recommended pair is GBPUSD. no use this robot in other pairs.
  • An Ecn broker is always recommended. Contact me if you need an advice on the most suitable broker.
  • It is recommended to run the robot with the default settings or settings provided by the author
  • The recommended Leverage is 1:30 or more and minimum deposit recommended starts from $500.
  • A low latency vps is always recommended. 

 To read the full description and access the FAQ section the blog link is as follows: https://www.mql5.com/en/blogs/post/728758

For further information regarding this expert advisor or for problems, we suggest you contact the author who will offer the maximum assistance. 

The link to be included in the Web Request for the news filter is as follows: http://ec.forexprostools.com 

In the Blog, you will find the complete installation video in case of difficulty. 


Parameters


Dark Paranox Settings

  • Magic Number: ID number of the orders.
  • Max Spread: maximum spread to trade.

Money Management Settings

  • Lots: number of lots if the money management option is disabled.
  • Money Management: if true enables the money management option. 
  • Risk Percent: if the money management option is enabled, it indicates the risk percentage.

Indicators Settings

  • One Trade Bar: if true, robot can open only one trade for bar.
  • Order Timeframe: Timeframe for Order Frequency.
  • Alternation Opening Bars: Alternation of bars for opening.
Trading Days
  • Monday: if true, Trading on this Day is allowed.
  • Tuesday: if true, Trading on this Day is allowed.
  • Wednesday: if true, Trading on this Day is allowed.
  • Thursday: if true, Trading on this Day is allowed.
  • Friday: if true, Trading on this Day is allowed.
  • Saturday: if true, Trading on this Day is allowed.
  • Sunday: if true, Trading on this Day is allowed. 

Trading Directions

  • Allow Buy: if true, Ea can trade with buy orders.
  • Allow Sell: if true, Ea can trade with sell orders.
Trading Settings
  • Max Orders: Maximum number of orders, for long and for short.
  • Coefficient Grid Management: Position increase coefficient.
  • Min Distance: Min Distance For new Position.
  • One Trade Bar Grid: if true, robot can open only one trade for bar for grid orders. 
  • New Open Period: Timeframe for Grid Trades.

Target Settings

  • Take Target: Coefficient Target.
  • Stop Target: Coefficient Stop.
  • Close Only End of Bar: if true, close Trade only at end of bar. 

Monetary Loss

  • Money limit: if true, close on Maximum monetary loss value.
  • Every Microlot: if true, Monetary Loss Value is multiplied by Lots * 100
  • Stop Trading When Hit: Stop Trading When Maximum Monetary Loss is Hit. 
  • Maximum Monetary Loss: Loss in Money for close all orders.


Read all the settings in the blog: https://www.mql5.com/en/blogs/post/728758

For other questions contact me

Michael
363
Michael 2019.08.16 15:40 
 

The EA works perfect! Just like the backbest. Enjoy another amazing creation from Marco Solito!

Atila Recep Akdeniz
5020
Atila Recep Akdeniz 2019.08.13 02:25 
 

Looks Promising but only 2 stars for now, as trading frequency, available pairs (only 1) and hence the overall profit levels are very low.

Not sure how much of the good "historical" performance is due to "optimisation bias" for that one pair at 1 time frame only. Hence it is not clear how it will perform in the long term (even with continued good performance the profit levels are too low. You need to increase the volume significantly to make a reasonable profit, which will increase risks significantly).

As the author suggested, any other pairs or timeframes do not give any good results.

Will update later, when the EA becomes more profitable, flexible and robust.