Dark Algo EA is a fully automated FX Expert Advisor designed for Scalping Trading on the EURUSD currency pair. Priced at a one-time cost (with the potential for future price increases), this EA claims to offer advanced algorithmic trading capabilities and high customization options for traders. In this review, we will delve deeper into its features, trading strategy, and evaluate its pros and cons.
Dark Algo EA Review
Dark Algo EA is a trading software developed by Venus Labs S.R.L. It is built on a sophisticated algorithm that aims to identify and follow market trends. The EA is touted as highly customizable, allowing users to tailor their trading settings according to their preferences. Additionally, buyers are offered an incentive to provide feedback in the form of a second EA for free.
Features:
- Algorithm Customization: Dark Algo EA is designed with a customizable algorithm to accommodate various trading strategies.
- Adaptive to Market Changes: The EA claims to adapt to changing market conditions, making it a versatile tool for traders.
- External Settings: All settings are external, enabling users to configure the robot as per their trading preferences.
- User Support: The developer offers support through installation and update guides, troubleshooting guides, and FAQs.
- Recommended Broker and Setup: The EA recommends using an ECN broker, low-latency VPS, a minimum leverage of 1:20, and a minimum deposit of $1000 USD. It is also stated to be FTMO compatible.
- Indicators: The EA utilizes indicators such as Stochastic and Average True Range (ATR) for its trading decisions.
Trading Strategy
Dark Algo EA’s basic strategy revolves around identifying and following market trends using its advanced algorithm. The algorithm considers a wide range of market data and historical information for prediction purposes.
Risk management is addressed through the option to enable money management, allowing traders to specify the risk percentage.
Additionally, users can configure settings such as maximum spread and maximum average spread to control risk exposure. The EA also offers the option to open buy and sell trades simultaneously, depending on user preferences.
Dark Algo Expert Advisor
Pros:
- Customization: The EA offers high customization options, allowing traders to tailor it to their specific trading strategies.
- Adaptability: Its ability to adapt to changing market conditions is a valuable feature.
- External Settings: Allowing external settings gives traders flexibility in configuring the robot.
- User Support: The presence of installation guides, troubleshooting resources, and user support can be beneficial for traders.
Cons:
- Lack of Live Verified Results: As of this review, there are no live verified trading results available from third-party statement-sharing sites, making it challenging to assess the EA’s performance objectively.
- Limited Information: The developer fails to provide detailed information about the specific algorithm used, making it difficult to gauge the EA’s trading strategy in depth.
For traders seeking real-time performance data and verified results from third-party statement sharing sites, it’s crucial to explore the best Forex EA page featuring comprehensive reviews and live trading performance of top expert advisors.
Conclusion
Dark Algo EA by Venus Labs S.R.L. offers a promising trading solution with its customization options and adaptability. However, the lack of live verified trading results and limited information on its algorithm raises questions about its overall performance and transparency.