The Dark Rea EA is a professional trading robot designed for automated trading on MetaTrader. Its settings provide traders with extensive flexibility in strategy customization, risk management, and trade execution. Below is a detailed breakdown of each section from the settings shown in the screenshots, along with a conclusion about its trading style and potential use cases.
1. General EA Settings
- Magic Number: 195654 → Ensures trades opened by Dark Rea EA are uniquely identified, avoiding conflicts with other EAs.
- Max Spread for Trade: 500 → Very high tolerance; allows trades even during volatile spread conditions.
2. Indicator Settings
- Signal Strategy: Buy Green Arrow / Sell Red Arrow → Works on visual signals.
- Moment of Signal: Bar Close Price → Confirms trades only at candle close, reducing false entries.
- Dark Sprint Period: 14 and Multiplier: 0.3 → Indicates a custom momentum or oscillator-based filter.
- Timeframe: Current → Operates on the chart timeframe selected by the trader.
✅ This shows Dark Rea EA uses a technical indicator confirmation system before entering trades.
3. Closure on Indicator
- Closure Type: Close on Opposite Signal → Trades exit when an opposite signal appears.
- Respect Spread Allowed: True → Prevents closing under high spread conditions.
- CCI Close Option: False → Disabled, but could be used for extra filtering.
4. Money Management
- Lot Size: 0.01 (default) → Very conservative.
- Money Management: False → No auto lot scaling, trader controls risk manually.
- Risk Percent: 1.0 → Risk per trade is small.
- Max Lot Amount: 0.0 (disabled) → No cap on lot growth if enabled in future.
5. Trading Hours
- Enable Time Filter: False → Trades anytime.
- Trading Start: 0:00 / Stop: 9:00 → Disabled, but configurable.
- Close Out of Hours: False → No forced close after hours.
📌 Flexibility to run 24/7 or during selected market sessions.
6. Trading Days
- All Days (Monday to Sunday): True → The EA can trade 7 days a week.
7. Trading Directions
- Allow Buy: True
- Allow Sell: True
- Allow Both: False → Cannot run hedge-style trades (only one direction at a time).
- Allow Orders From Other Charts: True → Multi-chart integration supported.
8. Grid Trading Settings
- Enable Grid: True → Uses a grid strategy.
- Grid Conditions (Spread, Indicators, Hours, Days): Flexible.
- Grid Management Mode: Lot Sum → Aggregates positions for management.
- Min Distance Between Orders: 50 → Defines grid spacing.
- Dynamic Multiplier: 1.0 → Neutral scaling, but can be adjusted.
- ATR Multiplier: 2.0 → Volatility-based spacing available.
⚠️ This shows Dark Rea EA includes a grid trading system, which can be profitable but carries risk if not managed with proper stop-loss.
9. Target Settings (TP/SL)
- Take Profit: 50 points → Small, scalping-style.
- Stop Loss: 500 points → Wider stop compared to TP.
- Trailing Stop: Disabled (but available with step and value control).
- Close Trades Only at Bar End: False.
💡 This confirms scalping & grid hybrid trading style.
10. Risk & Loss Protection
- Enable Monetary Stop Loss: False (default).
- Monetary Stop Loss: 3000 (if enabled).
- Percentage Loss: False.
- Average Virtual Trailing Stop: True → Dynamically protects profits.
11. Close Trading Settings
- Freeze Hour: 18:00
- Close Friday Night: True → Closes trades before weekend gaps.
- Forced Close Hour: 23:00
✅ This reduces exposure to weekend gaps and rollover swaps.
12. Graphic & Optimization Settings
- Show Panel: True → User interface visible.
- Custom Comment: Dark Rea → Identifies trades in MT4/MT5 history.
- Minimum Trades for Tester: 100 → Ensures valid backtest results.
📊 Conclusion – Is Dark Rea EA a Good Trading Robot?
The Dark Rea EA is a scalping and grid-based Expert Advisor that combines technical indicators with flexible money management and trade filters.
✅ Strengths:
- Works with grid trading and indicator confirmations.
- Adjustable money/risk management.
- Closes trades before weekend risks.
- Suitable for scalping with small TP levels.
⚠️ Risks:
- Grid systems can suffer heavy drawdowns if markets trend strongly without reversal.
- Default stop-loss (500) is much larger than TP (50) → risk-reward imbalance.
- Works best with a VPS + low spread ECN broker.
🔎 Final Verdict:
Dark Rea EA is best for experienced traders who understand grid strategies, hedging, and proper risk allocation. It offers scalping-style profits combined with grid recovery, but traders should use conservative lot sizes and consider enabling monetary stop-loss protection for safety.
