Trend venom

• It’s a fully automated Expert Advisor for MetaTrader 4. 

• Its trading logic is based on moving averages and RSI indicators. These are used to detect trend direction + confirmation. 

• It places market orders (i.e. trades executed immediately rather than via pending orders).

• It has an “averaging” feature — meaning if a trade goes into a losing position, it may open additional positions (or otherwise average) to try to bring down the break-even point or recover losses.

• Ideal / best performance is said to be on the EURUSD pair, especially on lower timeframes like M5.

Input settings / configurable parameters (what user can change)

MagicOrderNumber—so EA’s trades can be identified separately.

• Lots — the lot size of the initial trade(s).

• Slippage — allowed slippage in pips.

• MoneyManagement: option to enable risk-based lot sizing rather than fixed lots. 

• MoneyManagementRisk — risk per trade if money management is turned on. 

• AllowNewTrades — a switch to disable new trades (stop opening fresh trade groups).

• AccountProfitLock — an input so that when account drops to some percentage of max balance (or perhaps when it reaches some loss threshold), EA may stop trading new trades. 

Things claimed / implied performance & usage

• The EA is not very sensitive to spread. That means it’s claimed that spread variations don’t break it badly. 

• Always has a stop loss in place. So there is risk control via stop loss.

• The vendor suggests it's better run on a VPS (server) to ensure good uptime and reliability. 

Limitations / what is not clear or what to watch out for

• The “averaging” mechanism — depending on how it’s implemented, it can lead to increased risk and drawdowns especially in strongly adverse market conditions.

• No guarantee that the default settings are optimized for all brokers; differences in spread, execution, slippage can have big effects.

• Historic backtest results / signal performance may be shown, but often optimized for certain market conditions; live trading may differ.

• Because version is 1.1 in the listing, there may have been bugs or suboptimal behavior in earlier versions. 

• The EA uses market orders, so it may suffer during volatile news or during spread widening.