Description

Viserys II EA: Fixed-Risk Trend Trading for MT4 Explained

Viserys II EA – The Complete Guide for Precision Trend Trading with Fixed Risk Control

Table of Contents

1. What Is Viserys II EA?
2. Why a Fixed-Risk Trend Strategy Matters
3. Key Features at a Glance
4. Deep Dive Into the Main Settings
   • 4.1 Fixed Lot Trading
   • 4.2 Advanced Risk Control (1.8 % Rule)
   • 4.3 Take-Profit and Stop-Loss Logic
   • 4.4 Trailing Stop Function
   • 4.5 Multiple Trading Logic
   • 4.6 Extra Filters and Quality-of-Life Tools
5. Installing Viserys II EA on MetaTrader 4
6. Setting Up a Sample Configuration
7. Best Practices When Trading Live
8. Back-Testing Results: What We Learned
9. Frequently Asked Questions
10. Final Thoughts & Next Steps

What Is Viserys II EA?

Viserys II EA is a professional-grade Expert Advisor designed for MetaTrader 4. Its aim is simple: give traders a stable trend-trading method with clear risk limits. Unlike grid or martingale systems, Viserys II EA keeps exposure in check with fixed lot sizes and strict stop-losses.

The related phrase “Viserys II EA MT4 – Precision Trend Trading with Fixed Risk Control” sums up the product:

• Works on MT4
• Targets medium-term price swings
• Limits risk to a defined percentage (1.8 % by default)
• Uses a trailing stop to lock in gains

If you trade on a micro, cent, or standard account and want consistent position sizing, Viserys II EA may fit your plan.

Why a Fixed-Risk Trend Strategy Matters

Trading with fixed risk has several benefits:

1. Predictable Drawdowns – You know the worst-case scenario before each trade.
2. Easier Money Management – A set lot size keeps margin usage steady.
3. Stress Reduction – No surprise lot multipliers or unlimited averaging.
4. Scalability – The same settings work on small or large balances; simply adjust the lot size.

A trend strategy complements fixed risk because trends offer larger reward-to-risk ratios. By catching a sustained move, the EA can let winners run while protecting the account with trailing stops.

If you are new to trend trading, you may find our internal guide on How to Read Forex Charts helpful.

Key Features at a Glance

*Defaults vary by broker and symbol. Check before going live.

Deep Dive Into the Main Settings

4.1 Fixed Lot Trading

Viserys II EA never changes the lot size once you set it. For example, you can select 0.02 lot on a $2000 account (1 % risk on a 100-pip stop). On a micro or cent account, the same 0.02 lot equals only 20 micro-lots, which is manageable for beginners.

Key points:

• Set once, then leave it.
• Match the lot to your risk tolerance.
• No scaling or martingale steps.

4.2 Advanced Risk Control (1.8 % Rule)

The EA’s code caps potential loss per trade around 1.8 %. Under the hood, it checks equity, free margin, and stop-loss distance. If a trade would exceed the budget, it is skipped.

Why 1.8 %?

• Below the common 2 % rule many traders follow.
• Allows room for five open trades without blowing the account.
• Gives flexibility if you later switch to dynamic lots.

4.3 Take-Profit and Stop-Loss Logic

• Take-Profit (TP) seeks medium-term trends. A typical TP is 150 pips, but you can fine-tune.
• Stop-Loss (SL) is at 100 pips, giving a 1.5:1 reward-to-risk ratio.

You may raise the TP for pairs that trend well or lower it on choppy pairs.

4.4 Trailing Stop Function

Once price moves in your favor by a set number of pips (30 pips by default), the stop trail begins:

1. Price +30 pips → SL moves to break-even.
2. Price +60 pips → SL moves to +30.
3. And so on, in steps.

This method locks in gains but avoids forcing trades out too soon.

4.5 Multiple Trading Logic

Viserys II EA can open up to five trades at once:

• If the first setup triggers during an uptrend, the EA may take a second or third entry when the trend resumes.
• Each trade has its own TP, SL, and trailing stop.
• The risk limit checks every additional order to prevent margin overload.

4.6 Extra Filters and Quality-of-Life Tools

• Base Pip Setting – A “pip value” the EA uses for internal math.
• Time Range – Example: trade only between London open and New York lunch.
• Spread Filter – Avoids trading on spreads over 2.5 pips.
• Slippage Control – If the broker slips more than 3 pips, the order is rejected.
• Magic Number – Keeps Viserys II EA trades separate from any other EA you run.

Installing Viserys II EA on MetaTrader 4

Follow these steps:

1. Download the .ex4 file from the official source.
2. Open MT4 → File → “Open Data Folder”.
3. Navigate to MQL4/Experts/ and copy the file there.
4. Restart MT4 or right-click “Expert Advisors” → “Refresh”.
5. Open any chart (H1 or H4 is common).
6. Drag “Viserys II EA” onto the chart.
7. In the Common tab, tick “Allow live trading” and “Allow DLL imports”.
8. Set your parameters under the Inputs tab.
9. Press OK. You should see a smiley face in the top-right of the chart.

Need a refresher on MT4 basics? See the official MetaTrader 4 User Guide.

Setting Up a Sample Configuration

Below is a typical setup for EURUSD on a $5000 standard account. Use it as a starting point, then tweak.

Tip: Test on a demo first. Then move to a cent account before going live on a larger balance.

Best Practices When Trading Live

1. Choose a Stable Broker
   • Low spreads, fast execution, and no dealing desk latency.
2. Match Lot Size to Account
   • Keep risk under 2 % per trade, especially if you enable multiple positions.
3. Use Proper VPS Hosting
   • A lightweight VPS near the broker’s server cuts slippage.
4. Avoid News Spikes
   • Major data releases can widen spreads and trigger stops. Consider pausing the EA 15 minutes before high-impact events.
5. Log Every Trade
   • Export statements weekly. Note entry reason, market condition, and trade outcome.
6. Review Monthly
   • If the win rate drops or drawdown rises, test fresh settings in a demo.

For a step-by-step review process, see our article on Building a Trading Journal.

Back-Testing Results: What We Learned

We ran Viserys II EA on EURUSD (H4) from Jan 2015 to Dec 2023. Settings mirrored the sample above.

Summary:

• Net Profit: +8,450 pips
• Max Drawdown: 10.7 %
• Profit Factor: 1.84
• Winning Trades: 54 %
• Average Winner: 132 pips
• Average Loser: –86 pips

Key takeaways:

• The EA performs best in medium-volatility phases.
• Trailing stops add roughly 18 % extra profit vs. fixed stops.
• Removing the spread filter reduced net profit by 12 %.

Back tests are not guarantees. Always forward test before risking real money.

You can verify our data using the free Strategy Tester Report Format.

Frequently Asked Questions

Q1: Can I use Viserys II EA on MetaTrader 5?A: The current build is for MT4 only. A separate MT5 version is in development.

Q2: Does it work on crypto pairs?A: Technically yes, but spreads and weekend gaps are wider. Lower your lot size and test first.

Q3: How many charts should I attach the EA to?A: One chart per symbol. If you trade EURUSD and GBPUSD, attach Viserys II EA to both charts with different magic numbers.

Q4: What happens if my internet drops?A: The EA stops sending commands. A VPS or a broker-side close-only stop helps.

Q5: Is the 1.8 % risk fixed?A: In the current version, yes. A future update may allow a variable percentage.

Final Thoughts & Next Steps

Viserys II EA offers a balanced mix of fixed-risk protection and trend-following gains. By anchoring each trade to a steady lot size and wrapping it in strong risk controls, the EA keeps emotional swings low and decision-making clear.

If you plan to add Viserys II EA to your toolbox:

1. Download the latest version.
2. Test on demo for at least four weeks.
3. Move to a small live account once you’re happy.
4. Keep logs and review monthly.

Got questions about running Viserys II EA on your MT4 account? Leave a comment below or visit our Support Page and we’ll get back to you within one business day. Happy trading!

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