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Dax Hunter H1 MT4

DAX Hunter Expert Advisor uses Envelopes indicator to open positions and to close. All indicators are manually customizable. This EA has a protection function in that the EA is not allowed to open positions above a spread to be set. Furthermore, you can set at what times the EA should only be active. In addition, you can set the EA to close all positions below a certain equity. Stop Loss and Take Profit can also be set for each trade.

Dax Hunter Expert Advisor is a mid-term Expert Advisor. It uses Envelopes to open a position. To exit a position, the EA uses Envelopes or Take Profit and Stop Loss.


The Logic behind the EA

Open Long position at Bar Open when

  • Envelopes
    • The bar opens above lower band after opening below it

Close a long position at Bar Open when

  • Envelopes
    • The bar opens below upper band after opening above it
  • Hit Take Profit or Stop Loss

Open Short position at Bar Open when

  • Envelopes
    • The bar opens below upper band after opening above it

Close a Short position at Bar Open when

  • Envelopes
    • The bar opens above lower band after opening below it
  • Hit Take Profit or Stop Loss


Information

  • Use on several accounts is possible
  • Best result in DAX & DOW JONES H1
  • Works with 4-5 digits brokers
  • Money management (Stop Loss, Take Profit, Maximum Spread, Minimum Equity) is adjustable
  • Trading times are adjustable
  • Timeframe: H1
  • Symbols: DAX, DOW JONES
  • Minimum deposit: $500

Manual adjustment possibilities

  • Magic Number
  • Entry Lots
  • Minimum Equity to Stop the EA
  • Stop loss
  • Take profit
  • Maximum spread protection

Trading time

  • Sunday open time
  • Sunday close time
  • Monday-Thursday open time
  • Monday-Thursday close time
  • Friday open time
  • Friday close time
  • Ignore Sunday trading
  • Close trades after session close
  • Close trades at Friday close


Indicator parameters

  • Magic Number - You can change Magic Number
  • Entry Lots - Your Lot size value
  • Use Minimum Equity - Select if you want to use Equity Protection
  • Minimum Equity - Stop opening new trades, close all trades and disable the EA when equity is below X amount
  • Stop Loss (pips) - Stop Loss value in pips
  • Take Profit (pips) - Take Profit value in pips
  • Use Spread Protection - Select if you want to use maximum spread protection
  • Maximum Spread (points) - Maximum allowed spread to open a position
  • Sunday Open - start trading time on Sunday. Enter time in seconds when the EA starts opening positions on Sundays.
  • Sunday Close - end trading time on Sunday. Enter time in seconds when the EA stops opening positions on Sundays.
  • Monday-Thursday Open - start trading time on Monday-Thursday. Enter time in seconds when the EA starts opening positions on Monday-Thursday
  • Monday-Thursday Close - end trading time on Monday-Thursday. Enter time in seconds when the EA stops opening positions between Monday-Thursday.
  • Friday Open - start trading time on Friday. Enter time in seconds when the EA starts opening positions on Friday.
  • Friday Close - end trading time on Friday. Enter time in seconds when the EA stops opening positions on Friday.
  • Ignore Sunday - Select if the EA should trade on Sundays, true/false.
  • Close at session Close - Close all positions after a session, true/false. Time you have setup before.
  • Close at friday Close - the EA will close all positions at the end of Friday session.


Indicators for opening a Position

  • Envelopes
    • Period - Indicator's Period value
    • Deviation - Indicator's Deviation value


Indicators for closing a Position

  • Envelopes
    • Period - Indicator's Period value
    • Deviation - Indicator's Deviation value
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Version 1.1 2018.06.26
- some code improvements