Forex Daklak Expert Advisor review:
Forex Daklak Expert Advisor the new generation EA. The basic concept is trend following. The indicators included in this EA will detect the price level and the movement of the market that is high possibility trend will continue. The fixed stop loss are always set for each trade.
This EA has smart money management. Users only need to determine the accepted loss for each trade, EA will calculate the lot size for each trade according to stop loss price.
Therefore, this EA is very safe.
This EA will open 2 trades each entry condition. One will have fixed take profit, one use trailing stop to optimum profit.
Recommended timeframe is H1.
The default settings are optimized for following currency pairs: EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP, EURJPY, GBPCHF, GBPJPY, AUDCAD, EURCAD, CADCHF, GBPAUD, GBPNZD, NZDCHF, USDSGD and XAUUSD.
1. The default setting is set for 1 currency pair. If you parallel run on many currency pairs, please consider to reduce the risk rate.
2. Minimum deposit: $100
3. Account type: Any
■ AutoSetting=true – Mean EA will automatically select the value of parameter iFastDaklak and iSlowDaklak
■ iFastDaklak=4.0 – This factor will determine the below limit of market movement to take the trade.
■ iSlowDaklak=10.0 – This factor will determine the above limit of market movement to take the trade.
■ Stop loss rate=2.5 – This parameter will determine the Stop Loss distance of the trade.
■ Use Money Management?=true – Mean EA use money management.
■ RiskPercent=5.0 – Mean loss 5% of balance for a loss trade.
■ LotSize=0.1 – Basic lot size (if Is Using Money Management=false ).
■ Max Spread in Points=50 – Maximum spread to open the trades.
■ Slippage=30 – Slippage.
■ Comment=DaklakMT4v1.0– Comment.
■ MagicNumber=474747– Magic Number.
■ TimeStart=09:00 -Starting time to trade.
■ TimeStop=21:30 -Stopping time to trade.
■ BreakEvenPoint=10 -Lock in points.
■ TrailingRate=2.0 -This factor will determine the distance between current price and stop loss.
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)