Dark Algo EA MT4 V2.20

Quick Summary:
Dark Algo EA for MT4 is a fully automated scalping Expert Advisor by Marco Solito — an Italian MQL5 developer with a portfolio of 30+ products on the marketplace. The EA trades EURUSD and GBPUSD on H1 using a Stochastic + ATR indicator combination with an “Entry Timing” algorithm that determines optimal trade execution.

First published in January 2023 and currently at version 2.20 (February 2026 update), Dark Algo has accumulated 85 verified MQL5 reviews at 4.66★ across 3+ years on the marketplace.

What you receive at CheaperForex: the full unlocked .ex4 file in the latest version. Unlike the direct MQL5 purchase which carries activation limitations, the CheaperForex version lets you install Dark Algo on any number of MT4 terminals without restriction.

Official MQL5 Listing:
Dark Algo EA MT4 — MQL5 Marketplace

Live Signal:
Dark Algo Verified Live Signal

67-Week Verified Live Signal — 598% Growth

The verified MQL5 live signal has been running since May 2025 — 67 weeks of continuous live trading on a Headway-Real account at 1:500 leverage. Key statistics:

• Total Growth: 598.37%
• Initial Deposit: $100 (with additional $1,000 deposits over the signal’s history)
• Current Equity: $2,016.52
• Total Profit: $915.92
• Profit Trades: 80% (284 of 355 trades)
• Loss Trades: 20%
• Maximum Drawdown: 52.6%
• Max Deposit Load: 22.5%
• Trading Activity: 59%
• Algo Trading: 100%
• Profit Factor: 3.31
• Recovery Factor: 16.44
• Broker: Headway (Headway-Real server)
• Trading Pair on Signal: EURUSD only

Honest interpretation: The 80% win rate and 3.31 profit factor are strong indicators of a working strategy. However, the 52.6% maximum drawdown is substantial — meaning the account experienced a period where equity dropped to roughly half its peak before recovery. This is consistent with the scalping/grid-style position management that Dark Algo uses. Anyone deploying this EA needs to be psychologically and financially prepared for significant drawdown periods between profitable phases. MQL5’s automated system flags “A large drawdown may occur on the account again” on the signal — and that warning should be taken at face value.

Why Dark Algo MT4

• Dual-pair scalping system — designed for EURUSD and GBPUSD on H1, with extensive customization parameters for other pairs via custom settings.
• Stochastic + ATR signal architecture — uses Stochastic oscillator for entry timing combined with ATR-based volatility filters. The “Entry Timing” parameter applies additional algorithmic logic to determine optimal trade execution moments.
• Highly customizable — all settings are external. Allow Buy/Sell toggles, Max Number of Orders, FIFO closing mode, Max Spread / Max Average Spread filters, and Money Management with risk percent control.
• Prop firm compatible — Dark Algo is explicitly marketed as FTMO compatible, with documented client certifications from FTMO, FundedNext, Nova Funding, and Kortana funding programs.
• 67 weeks of verified live performance — public MQL5 signal showing 598% growth with detailed monthly performance tracking.
• 3+ years of active developer maintenance — first published January 2023, currently at version 2.20 (Feb 2026 update).
• Full unlocked .ex4 file — the CheaperForex version removes activation count limitations.

EA Setup at a Glance

• Platform: MetaTrader 4
• Pairs: EURUSD and GBPUSD (others possible with custom settings)
• Timeframe: H1 (default; depends on settings)
• Strategy: Scalping with Stochastic + ATR + Entry Timing algorithm
• Indicators: Stochastic Oscillator, Average True Range (ATR)
• Money Management: Fixed lots or Risk Percent (configurable)
• Account type: ECN account recommended
• Leverage: Minimum 1:20 (live signal runs at 1:500)
• Minimum Deposit: $1,000 (developer recommendation)
• VPS: Low-latency VPS recommended
• Prop Firm: FTMO compatible (with appropriate risk settings)
• Version: 2.20 (latest, February 2026)
• Published: January 2023 (3+ years on MQL5)
• Activation: Unlimited when purchased from CheaperForex

Backtest — 20 Years of Historical Data

The developer’s published backtest demonstrates the strategy’s behaviour across 20 years of historical EURUSD H1 data:

• Period: 2003-2023 (20 years)
• Symbol: EURUSD H1
• Broker: ICMarketsSC-Live16
• Initial Deposit: $1,000
• Total Net Profit: $1,011,567 (variable lot size compounding)
• Profit Trades: 75.45% (7,584 of 10,052 trades)
• Profit Factor: 2.84
• Relative Drawdown: 15.76%
• Modelling Quality: 99.90% (highest tick quality)
• Total Trades: 10,052

How to interpret this responsibly: The headline $1M number reflects 20 years of compounding with variable lot sizes scaling as the account grows. Real-world deployment with conservative fixed lots and withdrawals would produce significantly smaller absolute dollar returns. The 15.76% relative drawdown is moderate for the backtest but the live signal shows 52.6% drawdown — indicating that real market conditions (slippage, spread, execution differences) can amplify drawdown beyond what backtests predict. Use the backtest to understand the strategy’s win rate and trade distribution rather than as a return projection.

FTMO + Prop Firm Compatibility

Dark Algo is explicitly designed to be FTMO compatible and has documented certifications from multiple funded trader programs:

• FTMO — Verified payouts including PLATINUM tier overall payout certificate
• FundedNext — Elite Trader certificate of appreciation
• Nova Funding — Training Grounds Completion certificate
• Kortana Funding — Funded trader certificate
• FTMO Challenge — Passed FTMO Evaluation Course documentation

These certifications come from clients of the developer who deployed Dark Algo on prop firm accounts and successfully passed evaluations or received payouts. This is real-world prop firm validation rather than backtest-only claims — though success on prop firm challenges depends on appropriate risk settings (lower Risk Percent, conservative Money Management) to stay within daily and total drawdown limits.

Who Dark Algo MT4 Is For

Ideal for traders who:

• Trade EURUSD and/or GBPUSD specifically and want a dedicated scalping system for these pairs
• Understand that scalping strategies can produce significant drawdowns (52.6% on the live signal) between profitable periods
• Have $1,000+ in dedicated capital and access to ECN brokers with tight spreads
• Want prop firm compatibility — Dark Algo has documented FTMO, FundedNext, Nova Funding, and Kortana certifications
• Are willing to deploy a VPS for low-latency execution (essential for scalping strategies)
• Want a strategy with documented prop firm certifications from FTMO, FundedNext, Nova Funding, and Kortana

Consider alternatives if you:

• Cannot tolerate 50%+ equity drawdown periods — the strategy’s risk profile isn’t suitable for conservative deployment
• Trade exclusively Gold or other pairs not in the EURUSD/GBPUSD focus
• Want a non-scalping approach — Dark Algo’s edge depends on rapid entry/exit cycles
• Use brokers without ECN/Raw spread accounts — scalping strategies need tight execution to maintain edge
• Are new to EA deployment — the customization complexity (Stochastic parameters, ATR periods, Money Management toggles) is meaningful

What You Receive

• Dark Algo EA for MT4 — Version 2.20
• Full unlocked .ex4 file — install on any number of MT4 terminals without activation restriction
• User manual and recommended set files (developer-provided)
• Free lifetime updates

Risk Disclaimer

Past performance does not guarantee future results. The Dark Algo live signal shows 52.6% maximum drawdown — meaning the account experienced periods where equity dropped to approximately half its peak before recovery. MQL5’s automated system flags “A large drawdown may occur on the account again” on the signal, and the signal also shows periodic “low trading activity” warnings reflecting the strategy’s variable trade frequency. The 67-week live signal also trades EURUSD only despite the EA supporting both EURUSD and GBPUSD — single-pair concentration may amplify volatility during EURUSD-specific adverse periods. Always test on a demo account before live deployment. Do not trade with funds you cannot afford to lose. Prop firm compatibility depends on conservative risk settings — aggressive Money Management settings will exceed typical funded account daily and total drawdown limits.

Want the Full Breakdown?

📖 Read our complete Dark Algo review →

Includes detailed analysis of the 67-week live signal, breakdown of the 85 MQL5 reviews and what they reveal, broker recommendations, prop firm setup guidance, and our verdict on whether Dark Algo is right for your trading profile.