ICT Venom XAUUSD EA V1.0 MT5

How ICT Venom XAUUSD EA V1.0 MT5 works?

1. Higher Timeframe Bias Identification

• ICT Venom XAUUSD EA V1.0 MT5 first analyzes higher timeframes (H1 / H4).

• It detects overall market direction using:

  • Higher Highs & Higher Lows (bullish trend)

  • Lower Highs & Lower Lows (bearish trend)

• Identifies:

  • Break of Structure (BOS)

  • Change of Character (CHOCH)

• Only trades in alignment with the detected higher timeframe bias.

2. Liquidity Zone Detection

• Scans for areas where retail traders likely place stop losses.

• ICT Venom XAUUSD EA V1.0 MT5 Identifies:

  • Equal highs (buy-side liquidity)

  • Equal lows (sell-side liquidity)

  • Previous day high/low

  • Asian session high/low

  • Session range boundaries

• Marks these levels as potential liquidity targets.

3. Liquidity Sweep Recognition

• Waits for price to “sweep” or break above/below liquidity levels.
• This often represents stop-loss hunting of ICT Venom XAUUSD EA V1.0 MT5
• Does not enter immediately after the sweep.
• Looks for confirmation that manipulation phase is complete.

4. Market Structure Shift Confirmation

• After liquidity sweep of ICT Venom XAUUSD EA V1.0 MT5, checks for structure change.

• Detects:

  • Minor structure break in opposite direction

  • Momentum shift

• Confirms potential institutional direction change.

5. Fair Value Gap (FVG) Identification

• Detects price imbalances formed during strong momentum moves.
• Looks for 3-candle gap structures of ICT Venom XAUUSD EA V1.0 MT5
• Marks imbalance zone as potential retracement entry area.
• Waits for price to return to FVG before entering.

6. Order Block Validation (If Included)

• Identifies last opposing candle before strong move.

• Uses it as:

  • Entry refinement zone

  • Stop placement reference

• Adds extra confirmation layer.

7. Entry Execution

• Executes trade when:

  • Liquidity sweep confirmed

  • Structure shift detected

  • Price retraces into FVG or key zone

• Entry of ICT Venom XAUUSD EA V1.0 MT5 is automated without manual intervention.

8. Stop Loss Placement

• Automatically sets stop loss:

  • Beyond recent swing high/low

  • Beyond liquidity zone

  • Outside order block (if used)

• Ensures risk is predefined and controlled.

9. Take Profit Targeting

• Sets TP of ICT Venom XAUUSD EA V1.0 MT5 based on:

  • Opposite liquidity pool

  • Previous structural high/low

  • Fixed Risk-to-Reward ratio (e.g., 1:2 or 1:3)

10. Break-Even Function

• Moves stop loss of ICT Venom XAUUSD EA V1.0 MT5 to entry after price reaches certain profit level.
• Protects capital once trade is partially secured.

11. Trailing Stop (Optional)

• Locks in profits progressively.
• Adjusts stop loss as price moves in favorable direction.

12.  Session Filter (Kill Zones)

• ICT Venom XAUUSD EA V1.0 MT5 Trades primarily during:

  • London Open

  • New York Open

  • London–NY overlap

• Avoids low-volatility hours.

13. Spread Protection

• Checks current spread before entering.
• ICT Venom XAUUSD EA V1.0 MT5 avoids trading during high spread conditions.
• Important for gold (XAUUSD).

14. Daily Risk Controls

• Maximum daily drawdown limit.
• Daily profit target.
• Stops trading if limits are reached.

15. Automated Risk Management

• Supports:

  • Fixed lot size

  • Percentage-based risk

• Calculates position size automatically.

16.  Continuous Monitoring

• Monitors price 24/5.
• Executes trades instantly when conditions are met.
• Requires stable VPS or internet connection for best performance.

Key Features of ICT Venom XAUUSD EA V1.0 MT5

1. ICT-Based Trading Logic

• Built around liquidity concepts rather than traditional indicators.

• ICT Venom XAUUSD EA V1.0 MT5 detects:

  • Liquidity sweeps

  • Break of Structure (BOS)

  • Change of Character (CHOCH)

  • Fair Value Gaps (FVG)

• Focuses on institutional-style price action.

2. Gold (XAUUSD) Optimization

• ICT Venom XAUUSD EA V1.0 MT5 is Specifically designed for gold volatility behavior.

• Adjusted for:

  • Fast price spikes

  • Deep retracements

  • Session-based momentum

• Works best during London and New York sessions.

3. Higher Timeframe Bias Filter

• Analyzes H1/H4 structure before entering trades.
• Aligns entries with dominant market direction.
• Reduces counter-trend trades.

4. Liquidity Detection System

• Identifies equal highs and equal lows.
• Monitors previous session highs/lows.
• Detects stop-hunt scenarios.
• Trades after liquidity is swept.

5. Fair Value Gap (FVG) Entry Model

• Waits for retracement into imbalance zones.
• Avoids chasing price.
• Improves risk-to-reward entry precision.

6. Automated Risk Management

• Fixed lot size option.
• Percentage-based risk calculation.
• Automatically calculates position size.
• Built-in stop loss and take profit logic.

7. Break-Even Protection

• Moves stop loss to entry once profit threshold is reached.
• Protects capital after initial move.

8. Trailing Stop Option

• Locks in profits progressively.
• Adjustable trailing distance.

9. Spread Filter

• Prevents trading during high spread conditions.
• Important for XAUUSD during rollover or news.

10. Session (Kill Zone) Filter

• Trades only during high-volatility hours.

• Typically:

  • London Open

  • New York Open

• Avoids low-liquidity periods.

11. Daily Drawdown Control

• Stops trading after reaching maximum daily loss.

• Helps prevent overtrading.

12. Daily Profit Target

• Automatically pauses trading after hitting daily profit goal.

13. MT5 Platform Compatibility

• Faster execution engine.
• Multi-threaded backtesting.
• More accurate tick data handling.
• Better optimization features.

 

Installation & Setup Guide for

Step 1: Download ICT Venom XAUUSD EA V1.0 MT5 File

• Ensure you receive the correct .ex5 file.
• Verify file integrity.

Step 2: Open MetaTrader 5

• Launch your MT5 platform.

Step 3: Open Data Folder

• Click: File → Open Data Folder

Step 4: Navigate to Experts Directory

• Open: MQL5 → Experts

Step 5: Paste ICT Venom XAUUSD EA V1.0 MT5 File

• Copy the .ex5 file into the Experts folder.

Step 6: Restart MT5

• Close and reopen MT5 to load the EA.

Step 7: Enable Algo Trading

• Click “Algo Trading” button.
• Make sure it is active (green).

Step 8: Open XAUUSD Chart

• Select broker’s gold symbol (e.g., XAUUSD).
• Use recommended timeframe (usually M5 or M15).

Step 9: Attach ICT Venom XAUUSD EA V1.0 MT5 to Chart

• Open Navigator panel.
• Drag EA onto chart.
• Configure input parameters.

Step 10: Configure Settings of ICT Venom XAUUSD EA V1.0 MT5 Properly

Important parameters to adjust:

Risk Settings

• Risk % per trade (recommended 1–2%)
• Fixed lot (optional)

Trade Management

• Stop Loss size
• Take Profit size
• Risk-to-Reward ratio

Filters

• Enable spread filter
• Enable session filter
• Enable break-even
• Enable trailing stop

Step 11: Enable Permissions

Check:

• Allow Algo Trading
• Allow DLL imports (if required)

Click OK and confirm EA is running.

Step 12: Use VPS (Recommended)

• For stable 24/5 operation.
• Reduces slippage and disconnections.

 Advantages of ICT Venom XAUUSD EA V1.0 MT5

1. Emotion-Free Trading

• Eliminates fear and greed.
• No hesitation in entries or exits.

2. Structured Institutional Logic

• Based on liquidity concepts.
• Avoids lagging indicators.

3. Gold-Focused Optimization

• Specifically tailored for XAUUSD volatility.
• Adapts to session-based price movement.

4. Automated Risk Protection

• Built-in SL and TP.
• Daily drawdown control.
• Break-even protection.

5. Time-Saving

• No need to monitor charts constantly.
• Suitable for busy traders.

6. Consistent Execution

• Executes strategy exactly as programmed.
• No deviation from rules.

7. MT5 Backtesting Advantage

• More accurate historical simulation.
• Multi-thread optimization possible.

 Disadvantages of ICT Venom XAUUSD EA V1.0 MT5

1. Market Condition Dependency

• May struggle in sideways markets.
• Best performance during trending or volatile phases.

2 Broker Sensitivity

• Spread size affects profitability.
• Execution speed impacts performance.

3. Gold Volatility Risk

• Gold can spike rapidly.
• Sudden news can trigger stop losses.

4. No Guaranteed Profits

• Drawdowns are inevitable.
• Performance varies over time.

5. Requires Proper Setup

• Incorrect risk settings can cause large losses.
• Needs careful configuration.

6. VPS Recommended

• Requires stable internet connection.
• Power outages can interrupt performance.

7. Possible Over-Optimization Risk

• Some versions may be curve-fitted.
• Backtest results may not match live results.

Who Should Use ICT Venom XAUUSD EA V1.0 MT5?

1. Gold-Focused Traders

• Traders who primarily trade XAUUSD (Gold).
• Individuals who understand gold’s volatility and price behavior.
• Traders looking for a system optimized specifically for gold rather than multiple random pairs.

2. Traders Seeking Full Automation

• Users who want trades executed automatically without manual entries.
• Traders who struggle with emotional trading decisions.
• Individuals who prefer rule-based execution instead of discretionary trading.

3. Busy Professionals

• Traders who cannot monitor charts throughout the day.
• Individuals who want 24/5 automated market scanning and execution.
• Those looking for time-efficient trading solutions.

4. Trend or Momentum Traders

• Traders who prefer directional trading strategies.
• Individuals who focus on trading with prevailing momentum.
• Those who avoid counter-trend or high-risk recovery systems.

5. MT5 Platform Users

• Traders comfortable with MetaTrader 5.
• Users who benefit from MT5’s faster execution and improved backtesting features.
• Traders using brokers that support MT5 gold trading.

6. Risk-Conscious Traders

• Individuals willing to use conservative risk settings (1–2% per trade).
• Traders who understand drawdown and capital preservation.
• Those prioritizing long-term consistency over aggressive growth.

7. Traders Using VPS Hosting

• Users with access to stable VPS for uninterrupted trading.
• Traders who want consistent 24/5 execution without connection interruptions.

Why Use ICT Venom XAUUSD EA V1.0 MT5? (Detailed Points)

1. To Eliminate Emotional Trading

• Removes fear, hesitation, and overconfidence from decisions.
• Executes trades strictly based on programmed logic.
• Maintains consistency during volatile gold movements.

2. To Trade Gold Systematically

• Specifically optimized for XAUUSD market structure.
• Designed to capture structured directional moves.
• Avoids random or impulsive entries.

3. To Maintain Built-In Risk Control

• Automatic Stop Loss on every trade.
• Predefined Take Profit levels.
• Percentage-based risk management for capital protection.

4. To Save Time

• No need for constant monitoring.
• Suitable for traders with limited availability.
• Operates continuously when hosted on VPS.

5. To Improve Trading Discipline

• Follows strict entry and exit rules.
• Avoids overtrading and emotional mistakes.
• Applies consistent strategy logic across all trades.

6. To Benefit from Gold’s Volatility

• Designed to handle rapid gold price swings.
• Structured to take advantage of strong momentum phases.

7. To Diversify Trading Portfolio

• Can complement manual strategies.
• Suitable for blending automated and discretionary trading.
• Helps create systematic exposure to gold markets.