Dark Titan MT5

Overview of Dark Titan MT5

Dark Titan MT5 is a fully automatic Expert Advisor designed for scalping trading. It operates with a high frequency, leveraging the dark inversion indicator to achieve a high rate of winning trades. All settings are external, allowing users to customize the robot to their preferences.

Key Features

• High Operating Frequency: Requires constant attention due to its rapid trading activity.
• External Settings: Users can adjust all parameters to fit their trading style.
• Counter Trend Strategy: Initiates market orders against the trend.
• High Accuracy: Tested with real tick data, 99.90% accuracy, actual spread, additional slippage, and high commission.

Recommendations

• Timeframe: M1 (1-minute chart).
• Currency Pairs: AUDCAD, AUDNZD, and NZDCAD.
• Broker: ECN broker recommended.
• VPS: Low latency VPS is advised.
• Leverage: 1:30 or higher.
• Capital: Minimum recommended capital is $2000.
• Backtesting: Avoid variable spread; use a fixed spread value between 20 to 30.

Parameters

Dark Titan Settings

• Magic Number: Unique ID for orders.
• Max Spread: Maximum spread allowed for trading.
• Max Average Spread: Maximum average spread for trading on the current day.

Money Management Settings

• Money Management: Enables or disables money management.
• Risk Factor: Percentage risk if money management is enabled.
• Lots: Number of lots if money management is disabled.

Trading Directions

• Allow Buy: Enables buy orders.
• Allow Sell: Enables sell orders.
• Max Number of Orders: Maximum simultaneous orders.
• Max one Trade any Bar: Restricts to one trade per bar.
• Enable Fifo Mode: Ensures FIFO compliance.
• Open Sell and Buy at same time: Allows simultaneous buy and sell orders.

Take and Stop Loss

• Take Target: Average take profit for orders.
• Close on Open Price: Closes on take target only on the next open bar.
• Enable Monetary Stop Loss: Enables stop loss based on monetary amount.
• Monetary Stop Loss Amount: Specific amount for stop loss.
• Multiplier: Martingale multiplier for lot size increase.
• Distance for next orders: Distance for placing subsequent orders.
• Max 1 grid order for bar: Restricts to one grid order per bar.
• Bar for New Grid Order: Timeframe for new grid orders.

Graphic Settings

• Custom Comment: Adds comments to orders.

User Reviews

• Positive Feedback: Many users have praised the EA for its performance and profitability.
• Criticism: Some users have noted that it requires careful management and understanding of its settings.
• Mixed Results: A few users experienced losses, emphasizing the need for thorough testing and risk management.

Final Thoughts

Dark Titan MT5 is a robust scalping EA with high-frequency trading capabilities. It offers extensive customization options and has received positive feedback from many users. However, it requires careful management and understanding of its settings to maximize its potential. Remember, past performance does not guarantee future results, and trading always carries risks. 💡💼