The Viper EA: High Success Rate with Mean Reversion Trading

The Viper EA uses precise and effective “mean reversion” entries during the ranging periods of trading sessions (between 23:00 and 01:00 GMT+2, US DST). These trades have a very high success rate. If the market turns against a position, the EA activates its trademark recovery mode, converting unsuccessful first entries into profitable results.

Developed using live results from previous EAs and optimized with 99.99% tick data on MT5, Viper EA utilizes a $7/lot commission for each trade. Stress-tested with multiple random settings for all pairs, it has successfully passed every test, minimizing the risk of over-optimization.

Recommended Pairs:

• EURAUD, GBPAUD, GBPCHF, EURCHF, AUDCAD, AUDUSD

Supported Pairs:

• GBPCAD, GBPCHF, GBPAUD, CHFJPY, AUDCHF, EURCHF, EURUSD, CADCHF, GBPJPY, GBPUSD, AUDCAD, AUDUSD, EURJPY, USDCHF, AUDJPY, USDCAD, EURGBP, EURAUD, EURCAD

Timeframe:

• M15

Recommended Minimum Balance:

• $150 for up to 4 pairs
• $500 or more for all 20 pairs

AutoGMT and News Filter:

• Add these URLs to the “allowed URLs” in MT4/MT5 settings:
  • https://ec.forexprostools.com/
  • https://www.worldtimeserver.com/

Setup:

• No setfile required; all pairs are pre-optimized with settings stored internally.
• Run the EA on a EURUSD M15 chart, enable OneChartSetup in parameters, and set the pairs to use.
• Choose fixed lotsize (AutoLotMode = use StartLots) or automatic lotsize based on balance/equity (AutoLotMode = use LotsizeStep).
• For 20 pairs:
  • Low risk (DD up to 15%): LotsizeStep=2000, minimum $2000 balance
  • Medium risk (DD up to 30%): LotsizeStep=1000, minimum $1000 balance
  • High risk (DD up to 60%): LotsizeStep=500, minimum $500 balance

Backtesting:

• Highly recommended on the MT5 platform to test the whole portfolio using real ticks with variable spreads, closely simulating real live trade conditions.
• On MT5, run the backtest on EURUSD M15, enable OneChartSetup in parameters, and select lotsize settings (fixed lot or LotsizeStep for automatic lotsize).
• Set testing quality to “1 minute OHLC” for faster testing or “every tick based on real ticks” for the most reliable testing.

EA Settings:

1. EA Settings: Configure infopanel, trade comments, magic number, enable OneChartSetup, and select pairs.
2. Trading Times: Set trading start times (only for the first trade).
3. First Trade Settings: Set max spread, choose market orders or pending orders, and enable virtual TP.
4. Recovery Trades Settings: Use optimized auto settings or customize manually.
5. News Filter: Enable and adjust for the first trade.
6. Lotsize Settings: Configure lotsize calculation method.
7. GMT Settings: Use AutoGMT or set manually.
8. Roll Over Filter: Configure to prevent trading during rollover.

Optimize your trading strategy with the Viper EA for higher success rates and efficient recovery mechanisms.