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Dark Algo is a fully automatic MT4 expert advisor that scalps EURUSD and GBPUSD using stochastic and ATR inputs, with every parameter adjustable. Trading carries risk and past results do not predict future ones.
Get one message the moment it launches, with its price.
Dark Algo is an automated expert advisor for MetaTrader 4. It is built for short-term scalping on EURUSD and GBPUSD and combines a stochastic oscillator with Average True Range to decide when to enter and how the market is moving.
The EA reads a Stochastic indicator and an ATR reading on timeframes you can set separately. These give it a view of momentum and current volatility, and it uses them together with an entry-timing option to decide when a trade is worth opening. It aims to follow the direction of the market rather than trade against it, and because the inputs are exposed you can make it more or less selective.
Position handling is controlled by several limits. You can restrict it to buys or sells only, cap the number of open orders, allow only one trade per bar, permit or forbid hedged buy and sell positions at once, and choose First In First Out closing, which matters on accounts with FIFO rules.
The main targets are EURUSD and GBPUSD. The default chart timeframe is H1, although the best choice depends on how you configure the indicator timeframes. Other symbols can be tried, but they will need their own settings and testing. Scalping systems depend heavily on spread and execution, so an ECN or low-spread account and a low-latency VPS are sensible.
The inputs fall into three groups. Exact default values can differ between builds, so check them in the input window after attaching the EA.
| Group | Input | Purpose |
|---|---|---|
| General | Allow Buy / Allow Sell | Enable or disable each trade direction |
| General | Max Number of Orders | Limit simultaneous open orders |
| General | Max one Trade any Bar | One entry per bar at most |
| General | Fifo Closing | Close the oldest trade first |
| General | Magic Number | Identifies the EA's orders |
| General | Max Spread / Max Average Spread | Block entries when spreads are too wide |
| Money management | Lots, Money Management, Risk Percent | Fixed lot size or percentage-based sizing |
| Indicators | Stochastic and ATR inputs | Timeframes, periods, MA mode and price |
| Indicators | Entry Timing | Optional logic for choosing the entry moment |
Scalping can produce many trades, and costs such as spread and slippage add up. Percentage-based sizing helps you keep exposure in proportion to the account, but it does not remove the chance of loss. Confirm the minimum deposit and leverage you need with your broker and the developer's recommendations, and run a demo test first.
Trading carries risk, and you can lose some or all of your capital. Past results, backtests and reviews do not predict future ones. Test any settings on a demo account before using real funds.
If the EA does not trade, check the Experts and Journal tabs for messages, confirm that the spread is within your limits, and make sure your broker allows automated trading on the account.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automatic) |
| Trade style | Scalping with trend-following logic |
| Main markets | EURUSD and GBPUSD; other pairs need adjusted settings |
| Default timeframe | H1, but it depends on your settings |
| Indicators used | Stochastic and Average True Range |
| Broker type | ECN or low-spread account recommended |
| Other requirements | Low-latency VPS recommended; check leverage and deposit with your broker |
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No. This listing is the MT4 build and runs only in MetaTrader 4. An MT5 platform needs an MT5 version of the product, so check which platform you use before buying.
Open MT4, choose File, then Open Data Folder, and go to MQL4 and then Experts. Copy the expert file there, restart the terminal or refresh the Navigator, then drag Dark Algo onto a chart. Make sure AutoTrading is switched on and that algorithmic trading is allowed in the platform options.
The developer targets EURUSD and GBPUSD, with H1 as the default timeframe. Other symbols may work with changed settings, but you should test them yourself before using real money.
A scalping style is sensitive to spreads and execution speed, so an ECN or low-spread account and a low-latency VPS are generally recommended. The spread filters in the settings help avoid entries when costs are high.
The inputs are all external, so you can tune order limits, spread limits, money management and indicator values. Read any manual or set files that come with the download and test on a demo account first.
The developer states compatibility, but prop firm rules change and differ between firms. Check the current rules on drawdown, news trading and EA use before running it on any funded account.
Dark Algo
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