Dark Sky is an expert advisor that can be found within the MQL5 section of the MQL marketplace. We have provided a link below to the exact expert advisor that we are looking at. The expert advisor was created by Marco Solito and was first uploaded on the 15th of September 2019, it was last updated on the 14th of January and is currently at version 1.60.
Overview
Dark Sky is a fully automated expert advisor that has been created for the MetaTrader 4 trading platform. The expert advisor is used for scalping and intraday trading. It claims to have an artificial intelligence algorithm to predict and anticipate trading signals.
The expert advisor has been fully tested with the EURUSD pair and has had positive results, there is normally a maximum of 10 orders at any one time.
The current recommendations are given when using Dark Sky:
-The Recommended Timeframe is M1. It is not recommended to use other timeframes for this robot, because they can only compromise the accuracy of the operations.
-The recommended pair is EURUSD. Do not use this robot on other FX pairs.
-An ECN broker is always recommended.
-It is recommended to run the robot with the default settings or settings provided by the author.
-The recommended leverage is 1:100 or more and the minimum deposit recommended starts from $2500. (every 0.01 lots).
-A low latency VPS is always recommended.
The expert advisor comes with a number of different parameters and settings which can be used to alter the way that it works, some of them include the maximum spread allowed, the number of lots allowed, risk percentages, order timeframes, alternative bar opening, trading days, whether to allow busy and sells, maximum open orders, min distance between orders, take profit targets, stop loss targets, money limits when to stop trading and many other options are available too.
Service Cost
The Dark Sky expert advisor can be purchased for $399, so it is quite an expensive expert advisor, if you do not want to pay that much at once, you are also able to rent it, you can rent it on a monthly basis which will cost you $180 per month, for three months it will cost you $190 per month, and you can also rent it on a yearly basis which will cost you $200 per year. You are able to test the expert advisor using the MT4 testing settings, this does not, however, give a great example of live results.
Conclusion
There are currently 8 reviews available for the Dark Sky expert advisor, these reviews are giving it an overall rating of 4 out of 5 stars.
“As of today, This EA is working great. The only one in the whole market that I tested through a live account that actually works.”
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Edit March 17th: “I got consecutive losses that wiped out all my gain during the last week and a half. I had to stop the trades today as it kept buying EURUSD while it is now still dropping down (150 pips from initial buying position) and doubles up each time EA doesn’t recognize the market.” – A 1-Star review.
“Marco is a really helpful author, quick response, and useful suggestions. He deserves 5 stars. I test the demo for ten years, it got very good performance. I used this EA for three weeks, it got a 3% increase in the first week. 9% increase in three weeks. It is really good.” – A 5-Star review.
“Simply another EA martingale, Fair enough.” – A 2-star review.
So there are some positive and negative reviews, the creator has also been replying to some of the comments but not all of them. As the expert advisor is quite expensive, we would recommend getting in touch with the creator to see if you can get a more detailed demo version that will allow you to test it out prior to making a larger purchase.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/42130
