Dark Scalper EA

The Dark Scalper EA is a night scalping expert advisor designed to trade in the quiet hours of the day. The Dark Scalper EA offers a considerable trading tool for night scalping, with a focus on minimizing risks.

In this review, we will delve into the details of its features, settings, and performance, so that you can make an informed decision on whether to use it for your own trading strategy.

Dark Scalper EA Strategy

Dark Scalper EA
Dark Scalper EA

The Dark Scalper EA is a trading software designed to execute trades based on a night scalping strategy in the forex market. Night scalping refers to the practice of executing trades during the quiet hours of the day when market volatility is low. This trading technique is popular among traders who seek to make small, frequent profits by capitalizing on small price movements.

Dark Scalper EA Activity
Dark Scalper EA Activity

The Dark Scalper EA is designed specifically for the MetaTrader 4 (MT4) trading platform. One of the most critical factors to consider when using this EA is the spread. To ensure optimal performance, it is recommended to use a low-latency VPS and a forex broker that provides a raw spread such as IC Markets.

The Dark Scalper EA does not use a news filter, which means that it may be affected by market-moving events such as economic releases or geopolitical developments. Traders should turn off the EA on days with important events to avoid potential losses.

The Dark Scalper EA features an “auto lot” mode, which means that it will automatically adjust the position size based on the account balance and risk tolerance. This feature helps manage risk and prevent losses.

The Dark Scalper EA can be used to trade several currency pairs, including EURUSD, GBPUSD, EURCHF, AUDCHF, USDCHF, and USDCAD. The recommended time frame for this EA is M5, which is suitable for executing scalping strategies. The Dark Scalper EA does not use risky trading strategies such as grid or martingale and is available for purchase at a cost of 319 USD. A demo account is available for traders to test the Dark Scalper EA extensively and gauge its performance and compatibility with their trading strategies before trading on a live account.

Dark Scalper EA Features

  • Night scalping strategy: The Dark Scalper EA is designed to execute trades during the quiet hours of the day when market volatility is low.
  • MT4 compatibility: The Dark Scalper EA is designed specifically for the MetaTrader 4 (MT4) trading platform.
  • Spread sensitivity: The Dark Scalper EA is highly sensitive to spreads, and traders should use a low-latency VPS and a raw-spread broker to ensure optimal performance.
  • Auto lot mode: The Dark Scalper EA features an auto lot mode, which automatically adjusts the position size based on the account balance and risk tolerance.
  • Traded pairs: The Dark Scalper EA can be used to trade several currency pairs, including EURUSD, GBPUSD, EURCHF, AUDCHF, USDCHF, and USDCAD.
  • Time frame: The recommended time frame for the Dark Scalper EA is M5, which is suitable for executing scalping strategies.
  • No risky strategies: The Dark Scalper EA does not use risky trade management strategies such as grid or martingale.
  • Demo account available: The Dark Scalper EA comes with a demo account where traders can test the EA risk free and decide if it fits with their trading strategies.

Dark Scalper EA Settings

  • MagicNo: This setting is for the individual magic number. The EA will only manage the position of the chart symbol with this magic number.
  • Lots: This setting is for the fixed lot size in case AutoRisk is set to false.
  • MaxLots: This setting is for the maximum lots that can be used.
  • AutoRisk: This setting determines whether to use AutoRisk (true) or a fixed lot size (false).
  • AutoRiskType: This setting determines whether to calculate the risk based on equity or balance.
  • MaxRisk: This setting is for the maximum risk that can be taken per trade.
  • StopLoss: This setting is for the stop loss level for each trade.
  • TakeProfit: This setting is for the take profit level for each trade.
  • MaxSpread: This setting is for the maximum spread allowed for trading.
  • MaxSlippage: This setting is for the maximum slippage allowed for trading.
  • TimeStart: This setting is for the starting time in hh:ss format.
  • TimeEnd: This setting is for the ending time in hh:ss format.
  • StopTradingOnFri: This setting determines whether to stop trading on Fridays (true) or not (false).
  • WaitMinutesAfterLoss: This setting determines the number of minutes to wait before opening a new trade after a loss.
  • ManualGMToffset: This setting is for the manual GMT offset, which is used for backtesting.
  • SmartExit: This setting determines whether to use Smart Exit (true) or Stop Loss (false) for closing trades.

Dark Scalper EA Summary

The Dark Scalper EA is a night scalping expert advisor designed to trade in the quiet hours of the day. It trades six major currency pairs on a 5-minute timeframe and focuses on minimizing risks by avoiding grid and martingale trading strategies.

One of its strengths of this forex robot is its customizable settings, which include the ability to use AutoRisk or a fixed lot size, set maximum risk levels, and determine stop loss and take profit levels. It also offers a demo account for traders to test its performance before trading on a live account.

However, the Dark Scalper EA does not make use of a news filter, which means that it should be turned off on days of important events to avoid unexpected market volatility. Additionally, its performance is highly dependent on the spread, which can impact its overall performance. Therefore, you will need a broker with tight spreads such as IC Markets.

In order to get the most out of the Dark Scalper EA, traders should apply good risk management settings and thoroughly test it on a demo account before trading on a live account. The EA’s cost is set at $319.

Overall, the Dark Scalper EA is a considerable tool for traders who are experienced in night scalping and are looking for a customizable trading tool with a focus on minimizing risks. Traders should exercise caution as market volatility and spread can impact the performance of the EA.

Free Forex Robot