Market / MetaTrader 4 / Experts /

Dumangan MT4

FREE

Published: 16 May 2023

Current version: 1.1

Dumangan MT4

Experts
Jose Lagayan
Version: 1.1
Updated: 18 May 2023

Introducing Dumangan MT5 - The Philippine God Of Harvest
(MT5 Version - https://www.mql5.com/en/market/product/98640)

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.

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 v1.1: I put a trailing stop loss that can be turn off and in with a true/false option

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...

626

lejeune Bauvil 2024.04.03 05:16 #

I love it. I hope it will stay like this forever. This is a good thing for free. I will pray for the developer so his blessings can go higher and higher.

310

Rongguo Zou 2024.01.15 17:26 #

Where to purchase the paid version？

2281

MattyTrading 2023.12.11 05:18 #

EXCELENTE EA , muy recomendable , me gusta mucho que el SL sea dinámico. Felicitaciones

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Filter:

626

lejeune Bauvil 2024.04.03 05:16 #

I love it. I hope it will stay like this forever. This is a good thing for free. I will pray for the developer so his blessings can go higher and higher.

2329

agrushev777 2024.02.19 19:13 #

User didn't leave any comment to the rating

310

Rongguo Zou 2024.01.15 17:26 #

Where to purchase the paid version？

2281

MattyTrading 2023.12.11 05:18 #

EXCELENTE EA , muy recomendable , me gusta mucho que el SL sea dinámico. Felicitaciones

190

MR Dogy 2023.08.07 17:25 #

the best ever

373

Abbey166 2023.05.29 19:06 #

I should say , that for the last week and today - the deals' opening and profit take (generally work by this EA) is very careful and no minuses on the demo account. I talk about USDJPY pair, other pairs no tried. 5 star to this EA, many payable EA's should take a sample from this EA how and when the deal should be opened. Good luck to Author!

1945

Reply from developer Jose Lagayan 2023.05.31 15:42 #

Thank you very much for this very nice review!

Version 1.1 2023.05.18

Updates for v1.1: included Trailing stop loss option as true or false. enjoy!