VT Night Chiroptera

Disclosure: I copied this signal for just one night as an experiment, but I also analyzed the historical trades here and elsewhere to write this. I also use a different (relatively new and inexpensive) EA to trade this kind of strategy, so I knew what to expect.

This is a multi-currency mean reversion near rollover strategy implemented by a certain popular EA available in the Market here. The EA is expensive, so signal subscription at $30/month is a good deal... if this copies well.

The growth we see here corresponds closely to one of the EA's reference signals described as "VT Markets Extreme Risk" on the EA page, and its maximum equity drawdown since 2025.10.24 to today 2026.05.22 is shown as 39.5% (actual may be slightly worse since MQL5 doesn't capture very brief spikes), which I find quite acceptable for "extreme risk". That EA reference signals are priced prohibitively, not meant for subscription. But we can subscribe to this one here.

This EA/signal creates many pairs of buy/sell limit orders at 23:00 each day, one per currency pair. Most of these are not hit most nights (and are removed), but some are. The EA has many settings to control SL/TP, and I didn't fully determine what settings are used here. Once a trade is open, SL is set and TP is updated dynamically. SL and/or TP may also be removed later, so they may be missing in trades history. Anyway, SL is so far away that it looks like it's never been hit so far, neither here nor in the reference signal. If it would be, it'd be quite a major loss (tens of percent). If it would be hit for multiple currency pairs same night (as some of them are positively correlated), I think this can potentially be fatal. In practice, the EA manages the trades and so far closes the losing ones at much smaller losses (the drop we see here on 2026.05.08 appears to be because of correlations between many instruments with each one trade closed at a small loss only). That said, per trades and equity drawdown history seen here, this EA/signal dares to open trades on Friday and then often leaves some open over the weekend, where the gap may potentially jump over SL resulting in even larger loss on market open. So while this appears reasonably safe per the histories so far, risk is indeed present, and it's a good thing the EA author clearly calls it "extreme" (for these settings).

The choice of broker (commissions, spread, execution quality near rollover) is very important since these are large trades targeting tiny price moves and changes in spread. My experiment was copying this signal to a different broker, which has even lower commissions, but being different and with copying delays my trade copying quality is indeed imperfect. I got very slightly worse prices, which is partially compensated for by the lower commissions.

There were 4 trades tonight, all of them in profit both on the signal account and in my copy (not counting the unintended 5th trade, see below). My actual profits differ from the signal's significantly.

I get occasional errors in the VPS journal about failing to update SL/TP, I guess mostly because of price differences between the brokers. Unfortunately, MT5 becomes too concerned about these failures and briefly stops copying trading actions (including closing of trades!) until a reconnect usually 1-2 minutes later. I also got one trade hit TP on my end only but not yet on the signal account, and the signal much later reopened it on positions sync, for it to be closed on (newer and tighter) TP again along with the signal account's. That's at the same time great (two profit trades instead of one, and the first one hit and even surpassed a better TP before the EA/signal tightened it, so is even more profitable than the original) and unfortunate (the second trade's "profit" is so tiny that it doesn't cover its commission). Of course, copying SL/TP is optional, but I chose to include it and actually expected this sort of thing (had it happen with some other signals before).

I wrote 3 messages to the signal provider before subscribing, and eventually got a reply... confirming what I had already figured out on my own. So I suppose a subscriber could get user support if needed, but it may not be prompt.

I set all three star ratings to 4, but I considered each category individually. It's a coincidence they're all 4. While I rate my copying quality 4/5, new subscribers shouldn't expect to get reasonable quality with an arbitrary broker - choose carefully, or try for a night like I did. I think most brokers' commissions and spreads (near rollover) are just too high for this.

I'm going to end this experiment for now, but I may very well resubscribe to this signal later.