Dark Algo EA MT4 v2.0 with SetFiles (Original version 1441+)

What is Dark Algo EA MT4?

Dark Algo EA is a fully automated scalping Expert Advisor (EA) crafted for trading EURUSD and GBPUSD pairs with outstanding precision and flexibility. Powered by advanced trading algorithms, this EA leverages sophisticated trend detection and dynamic risk management to ensure consistent and reliable performance in today’s fast-paced forex markets.

• Vender Website

About the Developer

•  Author: Marco Solito
•  Experience: Over 8 years of MQL5 development experience
•  Notable Products: Dark Algo EA MT4, Dark Power MT5, Dark Algo MT5 and other products
•  Flagship Product: Dark Algo EA MT4 is the best performing product.

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Dark Algo EA MT4 Overview

Key Features of Dark Algo EA MT4

🔺Adaptive Scalping Algorithm:

• Trend-following strategy powered by AI logic
• Utilizes Stochastic filtering, ATR indicators, and dynamic entry logic

🔺 Full Parameter Customization:

Traders can adjust:

• Entry logic
• Risk levels
• Indicators
• Lot sizing

🔺 Dual Buy/Sell Trade Modes:

• Enable Buy and Sell logic independently or simultaneously
• Supports FIFO mode and one-trade-per-bar logic

🔺 Advanced Risk & Money Management:

• Risk percentage or fixed lot options
• Max open trades control
• Compatible with both conservative and aggressive styles

🔺Volatility & Spread Protection:

• Uses ATR and Stochastic Oscillator for trend strength detection
• Avoids trades during high spread periods

🔺 Prop Firm Compatibility:

• FTMO-compliant strategy (low drawdown, no martingale)
• Safe for use in challenge evaluations

Why choose Dark Algo EA MT4?

• Smart Scalping Engine: Adaptive to changing market conditions

• Fully Customizable: Ideal for personalized trading strategies

• Multi-Pair Flexibility: EURUSD and GBPUSD optimized, configurable for others

• FTMO Ready: Built for passing prop firm challenges with strict rules

• Secure & Consistent: Combines precision with robust risk control

Dark Algo EA MT4 Backtest Results

🔺Variable Lot Mode Backtest (20 Years – EURUSD H1):

• Initial Deposit: $1,000
• Total Net Profit: $10.11 Million
• Max Drawdown: 7.79%
• Win Rate: 75.45%

Dark Algo MT4 Backtest Results

🔺Fixed Lot Mode Backtest (20 Years – EURUSD H1):

• Initial Deposit: $1,000
• Total Net Profit: $26,583.73
• Max Drawdown: 9.26%
• Win Rate: 75.37%

Dark Algo EA MT4 Backtest Results

What’s Included in the Dark Algo EA Download Package?

🔺Expert Files:

• Dark Algo EA v2.0_fix.ex4
• Dark Algo EA v1.5_fix.ex4

🔺Preset Configurations:

• Dark Algo Fifo Settings.set
• JPY Account Settings.set
• EURUSD-DarkAlgo-M5.set

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How To Set Up EA

Dark Algo EA v2.0_fix is a powerful algorithmic trading Expert Advisor for MetaTrader 4 (MT4). It uses Stochastic Oscillator, ADX trend strength, and advanced risk settings to trade both reversals and strong momentum moves. Designed for Forex and Gold (XAUUSD), it supports grid, scalping, and hedging strategies.

Dark Algo EA MT4 setting

🔴 How to Install Dark Algo EA MT4 (Step-by-Step)

1. Download the Dark Algo EA v2.0_fix .ex4 or .mq4 file.
2. Open MetaTrader 4 → Go to File > Open Data Folder.
3. Paste the EA into MQL4 > Experts folder.
4. Restart MT4 or right-click Navigator > Refresh.
5. Attach the EA to a H1 chart of your preferred pair (e.g., XAUUSD, EURUSD).
6. Enable AutoTrading from the top panel in MT4.

🔴 Recommended Settings Overview

🔺General Trade Settings

🔺Risk Management

🔺Stochastic Oscillator

🔺ADX Settings

🔺ATR Settings (Optional)

| Enabled | false | Not used by default – can be activated for volatility filtering. |

🔴 Best Conditions for Trading with Dark Algo EA

• Market Types: Trending or Reversing conditions

• Pairs: XAUUSD, EURUSD, GBPUSD

• Timeframes: H1 recommended

• Broker: Low-spread, non-FIFO preferred

🔴 Optimization Tips

• Lower the Risk Factor (e.g. 2.0–3.0) for FTMO challenges or small accounts.

• Enable ATR for better control in volatile markets.

• Adjust Max Orders (e.g. 10–20) to reduce margin exposure.

• Tighten Max Spread for better quality entries.

🔴 Cautions

• High Risk Factor = 5.0 may lead to large drawdowns.

• Allowing 100 orders can be risky without a stop-limit plan.

• Spread tolerance (80) can result in poor entries on volatile pairs.

• ATR is off by default – enabling may improve performance in fast markets.

Conclusion

In summary, Dark Algo EA is a powerful, fully automated scalping Expert Advisor designed for traders targeting consistent profits on EURUSD and GBPUSD currency pairs. Powered by a next-generation adaptive algorithm, this EA dynamically adjusts to changing market conditions. It features advanced risk management, customizable external settings, and precise entry timing using sophisticated indicators such as Stochastic Oscillator and Average True Range (ATR) for optimized trade execution.

>>> Reviewed by Jason Stap <<<