Donar EA

Donar EA is a sophisticated automated trading Expert Advisor (EA) designed for MetaTrader 4 platforms. This algorithmic trading system provides intelligent trade management with customizable parameters to suit various trading strategies and risk profiles.

Key Features:

• Adaptive trading time windows
• Configurable trade direction (Buy, Sell, or Both)
• Robust risk management
• Dynamic lot sizing
• Comprehensive performance tracking

Trading Methodology: The EA employs a strategic approach to market entry and exit, with built-in safeguards to protect trading capital and optimize potential returns. It allows precise control over trading parameters, enabling traders to fine-tune the strategy to their specific market conditions and risk tolerance.

Recommended Usage:

• Suitable for traders seeking automated, rule-based trading
• Requires thorough backtesting and optimization
• Recommend starting with conservative settings

Setfiles EURUSD, GBPUSD

Risk Settings:

• Lot Size Mode 

• Controls how position sizes are calculated
• FIXED: Uses the exact lot size specified in Lotsize
• BALANCE: Automatically adjusts lot size based on account balance using BalanceIncrement

• Lot Size

• When in FIXED mode, this is the exact trading volume used
• Default is 0.01 lots (1 micro lot)
• Only used directly in fixed mode

• Lotsize per Balance 

• Used in BALANCE mode to calculate position sizing
• Formula: (Account Balance ÷ BalanceIncrement) × Fixed Lot Size
• Example: With BalanceIncrement=2000 and Lotsize=0.01:
• At $2000 balance: 0.01 lots
• At $4000 balance: 0.02 lots
• At $6000 balance: 0.03 lots

• Maximum Drawdown % 

• Monitors account equity drops from initial balance
• If drawdown exceeds this percentage, closes all positions
• Disabled when set to 0
• Example: If set to 10%, closes all trades if account drops 10% from starting balance

• Maximum Spread Check 

• Controls whether the EA monitors the spread
• When enabled, prevents trading when spread exceeds MaxSpread
• Helps avoid trading in poor market conditions

• Maximum Spread 

  • Maximum allowed difference between bid and ask prices
  • Measured in points
  • EA won't open new positions if spread exceeds this value
  • Only active if UseMaxSpread is true

EA Trade Settings:

• Step Distance in Pips 

• Controls the minimum price movement needed for new trade entry
• Used for grid trading strategy
• Example: If set to 35, new trades only open after 35 pip movement from previous price

• Time Window within Trades 

• Defines a time window during which the EA looks for trading opportunities after recording a reference price
• When this window starts, the EA records the current price as a reference
• During this time window:
• If price moves up by PipsStep pips from reference, triggers a buy signal
• If price moves down by PipsStep pips from reference, triggers a sell signal
• When the time window expires, EA resets by taking a new reference price
• Essentially creates a "decision period" where the EA watches for significant price movements from a fixed reference point
• Each new window starts with a fresh reference price, preventing stale price comparisons
• Works in conjunction with PipsStep to identify trading opportunities based on price movement within a specific timeframe

• Take Profit 

• Target profit level for trades
• Used to calculate when to close profitable positions
• Based on total profit across all open positions

• Trailing Step 

• Distance for trailing stop movements
• How far the trailing stop follows the price
• Helps lock in profits while letting winners run

• Trailing Start 

  • Minimum profit needed before trailing stop activates
  • Prevents trailing stop from activating too early
  • Measured in pips/points

Time Settings:

• Starting Time 

• Hour when EA begins trading (24-hour format)
• EA won't open new positions before this time

• End Time 

  • Hour when EA stops trading (24-hour format)
  • EA won't open new positions after this time

Miscellaneous Settings:

• Magic Number 

• Unique identifier for this EA's trades
• Used to distinguish trades from different EAs/strategies
• Important for managing multiple EAs on same account

• Show Info Box 

• Controls visibility of information dashboard
• Shows real-time statistics when enabled
• Displays balance, equity, profits, etc.

• Code Execution Speed 

• Controls how often the EA updates (in milliseconds)

• Comment 

  • Text label attached to all trades
  • Used for identifying trades in platform

1. No Guarantee of Profit: Past performance is not indicative of future results. Trading in the forex market involves substantial risk and there is always the potential for loss.
2. User Responsibility: The user is solely responsible for any trading decisions made using this EA. It is strongly recommended to thoroughly test the EA on a demo account before using it with real funds.
3. Market Volatility: Forex markets can be highly volatile and unpredictable. This EA may not perform as expected under all market conditions.
4. Technical Issues: The EA may be subject to technical failures, delays, or errors. The developer is not responsible for any losses incurred due to such issues.
5. No Financial Advice: This EA does not constitute financial advice. Users should consult with a qualified financial advisor before making any investment decisions.