Introduction


In the world of forex trading, where precision, timing, and automation can mean the difference between profit and loss, Dark Venus EA V5.20 MT4 emerges as a highly configurable and strategic expert advisor. Built for MetaTrader 4, this EA leverages the power of technical indicators—especially Bollinger Bands—to generate reliable trade entries and exits, with a focus on flexibility, control, and efficiency.


Whether you're a novice or a seasoned trader, the Dark Venus EA allows full customization of money management, indicators, trading time, and asset preferences. If you're looking for a powerful EA that can be tuned for scalping, swing, or intraday trading, this one deserves serious attention.



Overview of Dark Venus EA V5.20


The Dark Venus EA V5.20 is an advanced forex trading robot designed for MT4. It uses Bollinger Bands as its primary signal generator, offering a variety of strategies based on this indicator.


What makes this EA stand out is its:




  • Full configurability of every trading aspect




  • Time-based filters for optimal trade timing




  • Money management logic with dynamic risk settings




  • Multi-timeframe support for precise entries




  • Support for multiple currency pairs




It provides both beginners and expert traders the flexibility to run strategies tailored to different market conditions, assets, and timeframes.



 



 


Supported Timeframes & Pairs


Recommended Timeframes:




  • M5




  • M15




  • Any timeframe, based on proper configuration




Recommended Currency Pairs:




  • EURUSD




  • GBPUSD




  • AUDUSD




  • USDCAD




  • Custom pairs (with proper optimization)





Broker & Hosting Suggestions


To maximize the performance and execution speed of the EA, the developer strongly recommends the following:




  • ECN Broker: An ECN account ensures minimal slippage and tighter spreads, ideal for faster execution.




  • Low Latency VPS: Reduces delay in trade execution, especially during volatile market conditions.





Key Parameters Explained


Dark Venus EA comes with an extensive set of adjustable parameters to help traders fine-tune the bot to their desired trading style.



???? General Settings




  • Magic Number:
    A unique ID to differentiate the EA’s trades from others on the same platform.




  • Max Spread:
    Defines the maximum allowed spread for executing a trade. Useful for filtering high-spread scenarios during volatile markets.





???? Money Management Settings




  • Lots:
    Fixed lot size used when money management is turned off.




  • Money Management (True/False):
    If enabled, the EA calculates lot size dynamically based on account balance and risk settings.




  • Risk Percent:
    Sets the risk percentage per trade. Useful for controlling drawdown and adapting to account growth.





 



 


???? Indicators Settings – Bollinger Bands




  • Enable Bollinger Bands:
    Activates this popular volatility-based indicator.




  • Bollinger Bands Strategy Selection:
    Choose from various predefined strategies that determine how the Bollinger Bands will generate entry signals.




  • Moment of the Signal:
    Decide whether trades execute in real-time (current candle) or after bar close.




  • Bollinger Bands Period & Deviations:
    Set the period and deviation used in the BB formula. Adjusting this changes sensitivity.




  • Price Source:
    Choose which price to use—Close, Open, High, Low—for Bollinger Band calculations.




  • Timeframe:
    Allows setting a different timeframe for Bollinger Band analysis than the one shown on the chart. This helps in multi-timeframe trading.





???? Trading Hours


These settings control when the EA is allowed to operate:




  • Enable Time Filter:
    Activates time-based filtering for trades.




  • Trading Start/Stop Hour & Minute:
    Define exact operating hours during the trading day.




  • Close Out of Hours:
    Forces all trades to close outside the defined trading hours to protect capital.





???? Trading Days


Control trading days with Boolean options (True/False) for each weekday:




  • Monday to Friday:
    Easily enable or disable the EA on specific days for tighter control or weekend market protection.





Strategy & How It Works


Entry Strategy


When activated, the EA looks for Bollinger Band signals combined with your set parameters such as spread limit, day/time filters, and order management. Depending on the selected strategy mode, the EA may trigger trades:




  • When price hits upper/lower bands




  • During band contraction/expansion




  • On BB breakout retests




Risk Management


A major advantage of the Dark Venus EA is the Money Management module, which ensures that each trade respects your predefined risk percentage. Whether you have a small or large balance, this feature helps control drawdowns and optimize growth.


Exit Strategy


Exit logic is based on reverse Bollinger Band signals or custom-defined take-profit/stop-loss logic, depending on the strategy chosen.



Pros and Cons


✅ Pros:




  • Highly customizable for any market condition




  • Supports all major forex pairs




  • Built-in time and day filters




  • Advanced Bollinger Band logic




  • Manual and automatic lot control




  • Great for both beginners and advanced traders




❌ Cons:




  • Requires some learning curve for full optimization




  • Works best with paid VPS and ECN broker





Final Recommendations




  • Backtest before live trading on your chosen pairs and timeframe.




  • Use preset configurations shared in the official user manual.




  • Optimize the EA according to your broker’s trading conditions.




  • Consider running on a demo account first for 1–2 weeks.





Conclusion


The Dark Venus EA V5.20 MT4 is a powerful Expert Advisor designed for traders who want full control over their strategies. With an intelligent Bollinger Band-based trading system, dynamic risk features, and day/time-based filters, this EA gives you a strong foundation to build consistent profits.


Whether you’re a day trader, swing trader, or someone exploring algorithmic systems for the first time, the flexibility and features packed into this EA make it one of the top tools to consider for MT4 automation.