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Dumangan MT5

FREE

Published: 16 May 2023

Current version: 1.3

Dumangan MT5

Experts
Jose Lagayan
Version: 1.3
Updated: 22 May 2023

Introducing Dumangan MT5 - The Philippine God Of Harvest
(MT4 Version - https://www.mql5.com/en/market/product/98661)

Experience the abundance of successful trades with Dumangan MT5, our new Expert Advisor available on MQL5.com. Named after the revered Philippine God of Harvest, Dumangan, this tool embodies the essence of reaping profits from the fertile ground of the markets, just like Dumangan blessed the fields with bountiful crops.

A Focused Strategy with Customizable Settings

Dumangan MT5 utilizes a single, yet powerful trading strategy: The EMA Candle Cross + RSI. This combination has proven to be effective in various market conditions, providing a balanced mix of risk management and profitability.

The beauty of this Expert Advisor lies in its flexibility. Dumangan MT5 allows you to customize the timeframes and parameters for both the EMA Candle Cross and RSI. This means that you can fine-tune your trading parameters according to your trading style and market conditions. Whether you're looking to trade short-term volatility or seeking long-term trend following, Dumangan MT5's adjustable settings make it an ideal companion for your trading journey.

Default Settings optimized for EURUSD.

Base Strategy:
Buy Condition - If close candle cross Above the EMA line and the RSI is Above the Mid Line
Sell Condition - If close candle cross Below the EMA line and the RSI is Above the Mid Line

It will enter a Position with a user Defined Stop Loss and Take Profit in Pips

Updates for v 1.2: I put a trailing stop loss that can be turn off and in with a true/false option

Updates for v 1.3: I added a Martingale Recovery Option with Breakeven.

Settings/Inputs for the Free Version of Dumangan MT5

We aim to create Expert Advisors that is very optimizable and has real results with no HYPER-OPTIMIZATION.

Free Version
RSI Period
RSI Timeframe

RSI Mid Line
EMA Timeframe
EMA Period
Lot Size
Stop loss in Pips
Take Profit In Pips

Trailing stop loss - true/false
Stop
step

Paid Version will have the following Parameters and will only cost 49USD for 5 activation.
Link Here to MQL5.com Posting

1. 4 Time Filters to Time the EA Trades
2. Consecutive loss Filter
3. Recovery Mode with Smart TP
4. Auto SL using ATR and Low/Highs
5. Drawdown Managers for Prop Firm Users
6. Spread Filter

We focus more on the safety of the account because Profits is the Product of Safety!

more...

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