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The Viper EA

3.46

NOTE: only recommended for these pairs currently: EURAUD;GBPAUD;GBPCHF;EURCHF;AUDCAD and AUDUSD


NEW PROMO:

  • Only a few copies copies available at 349$
  • Next price: 449$
Make sure to check out our "Ultimate EA combo package" in our promo blog!

The Viper EA uses sharp and effective "mean reversion" entries during the ranging period of the trading sessions (between 23h and 1h GMT+2, US DST).   

These trades already have a very high succesrate, but if the market turns against the position, the EA will initialize its trademark recovery mode.

The recovery algorithm will try to convert every unsuccesfull first entry into a profitable result.  

This EA was developed using live results from my previous EA's as starting point, and optimized using 99.99% Tickdata on MT5, using 7$/lot commission on each trade.

It has been stress-tested with multiple "random settings" for all pairs and succeeded every single test.  This means that the risk of over-optimization is minimized to almost zero.



Supported pairs: GBPCAD;GBPCHF;GBPAUD;CHFJPY;AUDCHF;EURCHF;EURUSD;CADCHF;GBPJPY;GBPUSD;AUDCAD;AUDUSD;EURJPY;USDCHF;AUDJPY;USDCAD;EURGBP;EURAUD;EURCAD;

Timeframe: M15

Recommended minimum balance: 150$ -> max 4 pairs. For running all 20 pairs, 500$ or more is recommended

For the AutoGMT and news filter to work: it is important to add these 2 URL's to the "allowed URL's" in the  MT4/MT5 settings (Tools -> Options -> Experts):

  • https: //ec.forexprostools.com/
  • https: //www. worldtimeserver.com/
  • (remove the spaces!)



Setup:

  • The EA does not require any setfile to run.  All pairs are pre-optimized and settings are stored internally.
  • Simply run the EA on a EURUSD M15 chart, and then in the parameters: enable the OneChartSetup and set the pairs you wish to use.
  • Either choose fixed lotsize (AutoLotMode = use StartLots) or automatic lotsize based on balance/equity (AutoLotMode = use LotsizeStep).
  • When using all 20 pairs -> Low risk (DD up to 15%): use LotsizeStep=2000 and minimum 2000$ balance; Medium Risk (DD up to 30%): use LotsizeStep=1000 and minimum 1000$ balance ; High Risk (DD up to 60%): use LotsizeStep=500 and minimum 500$ balance.  These value are based on USD.  If you are using a different base currency on your accounts, please convert these values first.
  • You can also run on smaller account (minimum 150$ recommended when running max 4 low risk pairs) if you select only a few pairs to trade.
  • When using less pairs, it is best to do the backtest on MT5 to determine the max drawdown, and based on that, set your LotsizeStep accordingly.


How to backtest:

  • It is highly recommend to run backtests on MT5 platform.  That way you can test the whole portfolio at once using real ticks with variable spreads.  This will be the closest you can get to real live trade conditions.
  • On MT5, Run the backtest on EURUSD M15 and enable the OneChartSetup in the parameters.
  • Select the lotsize settings (fixed lot, or LotsizeStep for automatic lotsize).
  • Set testing quality to "1 minute OHLC" for faster, but quite reliable testing or "every tick based on real ticks" for most reliable testing.


Settings of the EA:

  • "EA Settings" -> here you can allow the infopanel to be shown, adjust its size, set the comment for the trades, set the magicnumber for the EA, enable the OneChartSetup and choose which pairs to run.
  • "Trading times" -> here you can choose when the EA should start trading (only regarding the first trade, not the recovery trades).  Recommended not to change this.
  • "First Trade Settings" -> here you can set max spread for the first trade, as well as choose if you want to use marketorders instead of pending orders, and virtual TP or not.
  • "Recovery trades settings" -> here you can simply choose "use Auto Settings" if you want to use my optimized settings for all pairs, or set up everything manually to your own optimization (Optimization set).  More detailed explanation -> click here.
  • "News Filter" -> here you can enable, and adjust the news filter (only for the first trade).
  • "Lotsize Settings" -> Here you can set up the lotsize calculation method.
  • "GMT settings" -> here you can simply use AutoGMT (recommended) or set it up manually.
  • "Roll over filter" -> here you can configure the rollover-filter to prevent starting to trade during rollover.





Reviews 14
kreusch
275
kreusch 2023.01.23 01:50 
 

I added Viper a while ago to my Portfolio, as with many night scalpers (even if that one is with grid) it's quite sensitive on the broker you are using. My results are quite different based on the broker. So test different brokers if you are not yet happy. I found my settings and broker and viper is performing really, can recommend this product from Wim as well.

Tetsuya Tamaoki
2961
Tetsuya Tamaoki 2022.07.23 15:08 
 

Great EA, great author. If you can find a winning currency pair with the broker you are using, it will be profitable.

Max
1261
Max 2022.07.20 13:16 
 

Good ea, good performance for me, good programming and logics, helpful display info on chart, live looks bumpy bur actually smooth and positive, so don’t start with high risk and complain some loss, I’m happy with r:r/dd and very glad of my purchase to keep a long term automated strategy on my account! Thanks good work on this

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Filter:
kreusch
275
kreusch 2023.01.23 01:50 
 

I added Viper a while ago to my Portfolio, as with many night scalpers (even if that one is with grid) it's quite sensitive on the broker you are using. My results are quite different based on the broker. So test different brokers if you are not yet happy. I found my settings and broker and viper is performing really, can recommend this product from Wim as well.

Cristian Mihail Pauna
13013
Cristian Mihail Pauna 2022.09.23 05:20 
 

Negative feedback!

Stanislav Gordiienko
822
Stanislav Gordiienko 2022.08.17 12:57 
 

I have been using this adviser since mid-April, I trade with the minimum lot, the loss is $40. With some luck, you can track the moment when the balance returns to the initial one and remove this Expert Advisor from the portfolio. Stay away from this rather successful seller of non-working trading systems, sometimes he even removes his non-working systems from the market.

I have a lot of experience with trading advisors and I know what I'm talking about.

26.08.22 after more than five months I see a profit of $9. I will continue to trade with the minimum volume and watch the work of the expert . profit factor 1.01

15.06.23

this is a useless adviser, I repeat, if you are lucky, you will catch the moment when you are in a small profit, at this time you need to turn it off and forget it.

Profalgo Limited
66438
Reply from developer Wim Schrynemakers 2022.08.17 13:00
Why would I sell non-working systems? And who would want to buy non working systems? Ofcourse I remove them if they don't work. I don't want people to buy a product that doesn't work anymore. Seems quite logical to me. Besides, Viper is doing fine for the last few months. Only April was a terrible start for the EA. AFter that, it has been quite stable. You experienced a loss on EURAUD I assume? Like me, but it didn't affect the growth much. This month is still up +4%
Tetsuya Tamaoki
2961
Tetsuya Tamaoki 2022.07.23 15:08 
 

Great EA, great author. If you can find a winning currency pair with the broker you are using, it will be profitable.

Max
1261
Max 2022.07.20 13:16 
 

Good ea, good performance for me, good programming and logics, helpful display info on chart, live looks bumpy bur actually smooth and positive, so don’t start with high risk and complain some loss, I’m happy with r:r/dd and very glad of my purchase to keep a long term automated strategy on my account! Thanks good work on this

Morteza Hosseini
340
Morteza Hosseini 2022.05.17 16:22 
 

Good EA!

carlobb
82
carlobb 2022.05.09 19:04 
 

I purchased reaper and viper, it runs few weeks. Keep losing money, but maybe run few more months to recovery, then I change the star.

Bilderberg Japan
131
Bilderberg Japan 2022.04.27 12:08 
 

The JPY was an unexpected move and was initially a loss, but the backtest results are very good. I operate with a real account, but it is a unique EA that trades many pairs in the early morning hours. Please continue development. with effort!

rcbarber
29
rcbarber 2022.04.21 10:07 
 

Running since 6/4/22 with fixed lot size of 0.01 lots and all default settings - so far lost £193, so not going well. Lots of extremely small profits of about £0.30 each, overwhelmed by three losses of £70 when stops hit.

Profalgo Limited
66438
Reply from developer Wim Schrynemakers 2022.04.21 10:09
It's a rough start for sure, with the JPY pairs going crazy. But these drawdowns happened in the past as well and will soon recover
akishino
71
akishino 2022.04.19 10:51 
 

It has already exploded more than 30% of the margin since April 1st. Also, the author has removed the high-risk setting page for live results after inflating the loss. If you want to throw away your money, this is a highly recommended EA.

4/20

The author says that there are still live results, but originally there were two types of live results, medium risk and high risk.

Why did you erase it?

Profalgo Limited
66438
Reply from developer Wim Schrynemakers 2022.04.26 09:23
live results are still there. calm down. if you lost 30%, you are running at high risk, which can have drawdowns up to 60% as explained on the product page. Calm down
26/04/: I didn't erase anything. I switched the high risk live account to medium risk. You could have asked me nicely before writing angry review
Michal
33
Michal 2022.04.12 21:22 
 

Jeśli szanujesz swój czas i pieniądze to nie kupuj tego ! Ryzyko jest duże. W jednej parze otwiera najpierw jedno zlecenie ale na wszelki wypadek ma już ustawione kilka kolejnych do otwarcia. Jest to zwykłe martingale. Nie polecam i żałuje, że nie sprawdziłem dokładniej przed zakupem i uruchomieniem.

To all not satisfied. I was the first to warn you! Don't Buy is a waste of money and time! Maybe I was mistaken with the name martingale, but it is a net and what will lead to blowing up the account!

Profalgo Limited
66438
Reply from developer Wim Schrynemakers 2022.04.13 07:11
this review makes no sense and is probably paid by competitor on the market! The EA is clear that is uses recovery trades in the description but they are not martingale, and limited and with SL and with controlled risk. So saying it is a simple martingale is simply a lie! Also, the backtests clearly show the same type of trading as the live results, so there should be no surprise after you bought it. And most importantly: it is making profits each day with low drawdown since the start! This person is angry because MQL5 doesn't give refunds after you used the EA. that has nothing to do with me, but he writes an angry review because of it. Shameless. Also this person was registered to MQL5 on the day he bought the EA and immediately asked for a refund. And has nobody in his contacts list. Smells like paid actor to me.
Anders Tsang
434
Anders Tsang 2022.04.08 19:23 
 

There are many grid orders opened when it goes to recovery stage. So far all trades could be closed with profits.

EMOTIONS PROFIT
103
EMOTIONS PROFIT 2022.03.31 07:36 
 

this is my first time buying ea from author wim, hopefully the viper ea can provide consistent profit.

Sound of dawn sqd
460
Sound of dawn sqd 2022.03.31 07:22 
 

Regardless of whether the work is good or not, the author is very attentive, So I believe I am willing to pay for the products he made.

Reply to review
Version 2.2 2023.06.09
fixed newsfilter bug that caused repeating message.

RECOMMENDED UPDATE!!
Version 2.1 2023.04.19
fixed bug in date recognition
Version 2.0 2023.04.18
fixed bug of news filtering skipping too much
Version 1.90 2023.03.27
highly recommended update.
The newsfilter was not working anymore because the news website used, was blocking all MQL5 EA's.
I implemented a new news source for the news filter, so you must add this URL to the MT4's allowed URL"s: https://nfs.faireconomy.media/
Version 1.80 2023.03.13
fixed issue with trades starting on sunday
Version 1.70 2022.11.01
Version 1.7
- Added option to set minimum seconds between recovery trades (market orders), to prevent overload trades during bad pricefeed
Version 1.60 2022.06.09
Version 1.6
- Added extra check to prevent duplicate trades
Version 1.50 2022.05.19
- fixed issue when changing trading hours and disabling monday morning trading
Version 1.40 2022.04.28
Version 1.4
- Fixed the AUDCHF problem of opening on monday morning
- Fixed trades opening and closing within a second when big slippage happens
- added correlation filter parameter
Version 1.30 2022.04.24
Version 1.3
- improved USDCAD risk/reward
- improved EURGBP risk/reward
- improved CADCHF risk/reward
- improved EURJPY risk/reward
- improved AUDCHF risk/reward
Version 1.21 2022.04.14
enabled correlation filter in the parameters
Version 1.2 2022.04.13
Version 1.2
- improved EURCAD risk/reward
- improved AUDUSD risk/reward
- improved GBPJPY risk/reward
- improved GBPUSD risk/reward
- improved EURAUD risk/reward -> more grid losses will occur, but they will be much faster recovered and overal profit will be more.
- improved AUDJPY risk/reward
- added option to prevent first trade having multiple small losses in a row
- added correlation filter
Version 1.1 2022.04.03
Version 1.1
- added option to add commission cost to calculation of recovery trade exit
- added option to switch buy/sell on or off
- added option to turn on/off trading on market opening sunday night/monday morning