Venom Ultra Sniper EA

The Venom Ultra Sniper EA is a Forex robot developed for use on the MetaTrader 4 trading platform. It is a scalping robot designed for traders looking to capitalize on quiet trading periods. The EA operates on the M1 timeframe and focuses on trading four major currency pairs, including GBPUSD, EURUSD, USDCAD, and USDJPY.

In this article, we will review the Venom Ultra Sniper EA’s features. We will discuss the EA’s strengths, weaknesses, risk management features, and settings to provide traders with an in-depth understanding of how the EA operates. By the end of this review, traders should be able to make an informed decision on whether or not to use the Venom Ultra Sniper EA in their trading activities.

Venom Ultra Sniper EA Strategy

The Venom Ultra Sniper EA is a forex robot developed for use on the MetaTrader 4 trading platform. It utilizes a forex scalping strategy designed to operate during the quiet period of the exchange session, specifically at the end of the US forex session and the beginning of the Asian trading sessions. As a scalping strategy, the EA seeks to capitalize on small price movements in the market by making frequent trades with a short holding period.

Venom Ultra Sniper EA
Venom Ultra Sniper EA

The EA tracks the direction of the trend and makes trades in a horizontal channel towards the main trend of the market. It works on the M1 timeframe and focuses on trading four major currency pairs, namely GBPUSD, EURUSD, USDCAD, and USDJPY. The EA does not use martingale and grid strategies, and every trade is protected by a Stop Loss.

One of the strengths of the Venom Ultra Sniper EA is its ability to execute trades swiftly and with minimal slippage. This is because the EA is best utilized with a narrow spread account type, which is ideal for automated scalping strategies. Another strength is its risk management feature, which allows users to independently regulate their trading risks.


One weakness of the EA is its narrow focus on only four currency pairs, which limits its potential trading opportunities. Additionally, the scalping strategy employed by the EA may not be suitable for all traders, particularly those who prefer longer-term holding periods.

In terms of risk management, the Venom Ultra Sniper EA has a Stop Loss feature to protect trades from excessive losses. However, it is important to note that no trading strategy is risk-free, and traders should exercise caution and conduct thorough research before using any EA.

It is recommended that traders test the Venom Ultra Sniper EA on a demo account before using it on a live account. This will help traders familiarize themselves with the EA’s trading strategy and risk management features without risking real capital.

Venom Ultra Sniper EA Features

  • Developed for use on the MetaTrader 4 trading platform
  • It utilizes a scalping strategy for quiet trading periods.
  • It trades on M1 timeframe for GBPUSD, EURUSD, USDCAD, USDJPY.
  • It follows the trend in a horizontal channel.
  • It uses Stop Loss instead of martingale/grid strategies.
  • It requires narrow spread accounts for optimal performance.
  • It allows users to regulate their trading risks.
  • It executes trades swiftly with minimal slippage.

Venom Ultra Sniper EA Settings

  • Risk: Determines the percentage of trading account balance to be risked per trade.
  • SL (Stop Loss): Specifies the price level at which the EA will automatically close a losing trade.
  • TP (Take Profit): Specifies the price level at which the EA will automatically close a winning trade.
  • total_trades_at_once: Sets the maximum number of trades that the EA can have open at the same time.
  • break_even: Specifies the price level at which the EA will move the Stop Loss to breakeven to protect against losses.
  • MagicNumber: Identifies the EA’s trades in the trading platform.
  • Inp39_TimeStart: Sets the start time for trading activities.
  • Inp39_TimeEnd: Sets the end time for trading activities.
  • Trailing Stop: Allows the EA to move the Stop Loss level in line with price movements to protect returns.
  • Spread Filter: Sets a minimum allowable spread to filter out trades during high volatility.

Venom Ultra Sniper EA Summary

The Venom Ultra Sniper EA is a Forex scalping robot for the MetaTrader 4 platform that operates on the M1 timeframe and focuses on four major currency pairs. To optimize trading, it is best used with a narrow spread account type. Its strength lies in tracking the direction of the trend and trading in a horizontal channel towards the main trend of the market. However, a weakness of the EA is its sensitivity to broker conditions. The Venom Ultra Sniper EA is suitable for traders looking for a scalping strategy during quiet trading periods. Note that there are no guarantees, and traders should not rely solely on the EA for trading. Demo testing and good risk management settings are important before using it in a live account.

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