The Dark Titan EA is a fully automated trading robot that uses the dark inversion indicator to detect trend reversals and execute trades quickly. In this article, we will review the Dark Titan EA and evaluate its features, performance, and overall effectiveness as a trading tool. By the end of this review, you will have a better understanding of what the Dark Titan EA has to offer and whether it is a suitable option for your trading needs.
Dark Titan EA Strategy
Dark Titan EA is a fully automated Expert Advisor designed for scalping. Scalping is a trading strategy that involves making multiple trades with small profits in a short period of time, typically within seconds or minutes. Put simply, the Dark Titan EA is a high-frequency trading robot that executes trades frequently and quickly.
The Expert Advisor is based on the dark inversion indicator, which is a technical analysis tool that detects trend reversals in the market. This means the EA is programmed to trade counter-trend using a market order strategy. Traders can use their preferred approach to manage trades. Dark Titan EA is designed to work on AUDCAD, AUDNZD, and NZDCAD currency pairs, and it is recommended by the developer to use the M1 timeframe.
One of the significant advantages of Dark Titan EA is that all the settings are external, meaning traders can customize them to suit their trading preferences. This feature makes the forex robot flexible and adaptable to different trading strategies.
Moreover, Dark Titan EA does not use risk management strategies such as grid or martingale. This implies that the robot does not increase the position size after a losing trade, which could lead to significant losses.
However, it is essential to note that Dark Titan EA requires attention due to its high operating frequency. Traders need to monitor the trades and adjust the settings accordingly to ensure the robot performs optimally. To evaluate the performance of the Dark Titan EA, traders can use the demo account available before using a live account. This feature allows traders to test the robot extensively and determine if it fits their trading strategy.
Dark Titan EA Features
- It is a fully automated Expert Advisor for scalping trading.
- It is a high-frequency trading, executing trades quickly and frequently.
- It is based on the dark inversion indicator, a technical analysis tool detects trend reversals.
- It uses a market order strategy in a counter-trend direction.
- It is designed to work on AUDCAD, AUDNZD, and NZDCAD currency pairs.
- It’s developer recommended timeframe is M1.
- It’s external settings can be customized to fit traders’ preferences.
- It does not use risky management strategies like grid or martingale.
- It requires attention due to its high operating frequency.
- A demo account is available for testing purposes before using a live account.
- It can potentially generate small profits through multiple trades.
Dark Titan EA Settings
- Magic Number: ID number of the orders.
- Max Spread: Maximum spread to trade.
- Max Average Spread: Maximum Average Spread to trade (today).
- Money Management: If true, enables the money management option.
- Risk Factor: If the money management option is enabled, it indicates the risk percentage.
- Lots: Number of lots if the money management option is disabled.
- Allow Buy: If true, EA can trade with buy orders.
- Allow Sell: If true, EA can trade with sell orders.
- Max Number of Orders: Maximum number of orders at the same time.
- Max One Trade any Bar: If true, the robot can open only one trade per bar.
- Enable Fifo Mode: If true, EA can be FIFO compliant (disable the following setting also to do it).
- Open Sell and Buy at the Same Time: Allow buy and sell orders at the same time.
- Take Target: Average take profit for orders.
- Close on Open Price: Close on take target only on the next open bar.
- Enable Monetary Stop Loss: Enable stop loss on a money amount.
- Monetary Stop Loss Amount: Amount of loss.
- Multiply Monetary Stop Loss AmountStart Lot Size100: Amount loss multiplier based on lot size if true.
- Stop EA after Loss: Stop trading after hitting the stop loss.
- Grid Management: Choose the type of lot increase.
- Multiplier: Martingale multiplier (or lot sum increase).
- Distance for Next Orders: Distance for the next orders.
- Max 1 Grid Order for Bar: If true, EA can open a maximum of one grid order any bar.
- Bar for New Grid Order: Timeframe about this bar (read previous setting).
Dark Titan EA Summary
After conducting a comprehensive review of the Dark Titan EA, I have evaluated its strengths and weaknesses. The Dark Titan EA is a fully automated trading robot that is capable of executing trades quickly and frequently, due to its use of the dark inversion indicator to detect trend reversals. Its external settings also allow for customization.
However, its high operating frequency can be both advantageous and risky. While it allows for a high number of trades, it also increases the risk of losses if proper risk management settings are not applied. Therefore, traders must extensively demo test the EA and implement good risk management settings before using it in a live account.
Traders must understand that no trading robot can guarantee success, and the Dark Titan EA is no exception. Experienced traders who are looking for an automated trading tool to complement their scalping trading strategy are the target audience for the Dark Titan EA. However, it is not suitable for beginners or traders who are not familiar with the risks involved in trading.
To sum up, while the Dark Titan EA has its strengths and weaknesses, it could potentially be a valuable tool for experienced traders who conduct thorough research and testing, and implement good risk management settings.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.