Forex Dark Knight Expert Advisor

Forex Dark Knight Expert Advisor review:

Dark Knight Expert Advisor (EA) is a trend-following trading system which is designed to meet Take Profit> StopLoss principle and have a clear profitability in 99% backtests. The EA has a unique two-level trend filter that can reduce to minimum the opened position(s) in the wrong direction. With this efficient tool Dark Knight EA easily hit well over 50% of profitable trades.

Because of the relative higher TakeProfit (TP) level and the built-in spread filter Dark Knight EA can be run efficiently at non-ECN brokers, Market Maker (MM) brokers. High spreads or slippage are no problem, also this EA don’t need high leverage (minimum 1:100)!

The modern InfoBox user interface displays all important information (parameter settings, spread, balance, weekly/daily profit, status of open positions, etc).

Dark Knight EA is recommended to use on EURUSD, USDCHF currency pairs on M15 timeframe.

Test results:

Forex Dark Knight Expert Advisor

Parameters:

  • Built-in Trailing Stop with partial closing feature.
  • Built-in Money Management.
  • Unique two-level trend filter feature.
  • Protection against high level of spread.
  • ECN broker with 4 and 5 digits compatibility.
  • Notification could be sent upon closing a position.
  • Slippage data recording to file.
  • Full-scale, detailed logging.
  • Minimum account requirements: $100 with 1:100 (or equal currency).
  • Full backtest-compatible, can be heavily optimized.
  • Non-grid system!

Recommended initial capital (for each currency pairs):

  • $100 -> 0.01 LOT
  • $1000 -> 0.1 LOT
  • $10.000 -> 1 LOT

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Installation

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)

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