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Dax Pro 3

This bot waits patiently for exteme momentum situations and trades reavearsal as well as continuation signals with smart riskmanagement until it reaches normal volatility again.

M5/M15 on the Dax30 is the way to go, but it also works on Nas100 M15 and some forex pairs on H4.


Use this bot if:

  • you want to have trading indices automated and prefer to not take overnight risk
  • you want to invest for a longer period than 6 months
  • you need a stable strategy in your portfolio

 

Trades are closed at the end of day:

This Bot is made for daytrading, so trades are closed at the end of day.


Riskmanagement:

We’re using fixed account size or percentage risk. Volume (Lots) will be adapted to the stop size automatically.


Parameter Settings:

__Strategyparameters__

Bollinger Period(300): Bollinger Period (fort the extreme momentum area where trades are taken).

Entrydistance to Signal in Pips(0.3): How many pips are added to the High/Low of a candle for entering the trade.                                               

Minimum Stop in Pips(6.0): Minimum stop in pips. Everything below this threshold won’t execute a trade.

Maximum Stop in Pips(100.0): Maximum stop in pips. Everything above this threshold won’t execute a trade.

End of Day Closing(on): Close trades at end of day on/off.

Max Losing Trades in a Day(6): How many trades can end in loss for each day.

__Risk_Settings__

Risk in Percent (1.0): Riskpercentage of the Accountbalance to invest per Trade. 1.0 = 1% of the account.

Risk in Currency (0.0): Risk in Accountcurrency. F.e. 100.0 = 100$ if you're using a Dollaraccount. Notice that both options cannot be active at the same time. Either Riskpercentage or Riskcurrency.

__Alert_Settings__

Notify by Push (off): Activates Notification via Push-Message to your Metaquotes ID (which can be received on your smartphone app with a sound)

Notify by Mail (off): Activates Mail Notification for Trade Entries. (Email must be set further down)

Notify by Alert (off): Activates Alert Notification which will trigger a sound on your MT4 desktop installation

Address for Mail Notification (name@web.com): self explanatory

__TradingHours__

Hour to start trading (9): Should be set because brokers can have different times. For the dax 9 means, for most london based brokers, that trading will start on 8:00 EUREX opening.

Hour to end trading (22): At this hour and after trading will be disabled.

__Filewrite__

Write Results to File (off): When you turn this on, there will be an entry in a csv file in the format: [OrderOpenTime,OrderCloseTime,Symbol,Strategy,Riskpoints,Lots,Tickvalue,Margin,Riskpercent,Percentagegain]. Can be generated from backtest and in live mode. For more informations watch the end of the video above.

__Magicnumbers__

Here you can setup the magic identfier used for this ea. Should not be the same as with other experts, so check that before running multiple EA's.

 

I hope you enjoy this product. If you have any questsions, just send me a PN I'm always there to help ;)

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