Dax40 Index EA - Is a powerful & exciting Index EA for MT4 that trades DE40
Dax40 Index EA
Dax40 EA is a powerful & exciting Index EA for MT4 that trades DE40 (aka DAX40/GER40) Index. It works based on proprietary indicators called “angel factor/period” (you can see this in inputs). Dax40 is a very low-cost instrument to trade, with most brokers quoting a 0.5 – 1.0 spread with small/no commissions.
It Operates by monitoring the movement & volatility of the DAX40 during market hours; once it detects a strong move, it will latch onto the momentum and open a trade at the next bar opening. This EA is traded during Dax open 9 am to 8 pm Frankfurt time.
It does not use dangerous trading methods like martingale, grid, etc. It only opens 2-7 trades a week, and it doesn’t hold in to trade for a long time. It uses hard stop loss and take profit of 40 – 50 points. Indices use points, not pips; one point is equal to 1$ using 1 Lot in most brokers.
This Index trading EA Uses a recovery function. EA will increase the lot size of the NEXT trade after the loss by x2 for 5 levels max(This is different from martingale). However, you can disable this feature by input parameters (increaselotafterloss = false).
Using a recovery factor after loss is very different from martingale. Do not get the 2 confused, this table compares the huge differences.
Track Record
Find below the detailed DAX 40 index EA track record for 6 trading month (click on the picture for full size view).
Control Function | Typical Martingale | Recovery Factor |
---|---|---|
Stop loss and Take Profit | Open-ended loss never uses stop loss on trades | Always use Stop Loss on EVERY trade |
Levels | Infinity keeps adding on Top of trades until ruin or profit | Limited to 5 Levels of increases |
Lot increase step | It gets exponentially high after 5 or 6 levels until ruin or margin call | Stops increasing after 5 levels; easy to assess the “largest” lot |
Equity Curve | Spectacularly linear curve until its cliff edge drops. | Clearly shows some loss days/weeks but will not cliff edge account |
Number of Max Positions at Same Time | Unlimited, impossible to say, has no control on max trades | 1 Trade Per chart Max at one time. |
- Since Margin requirements can differ from broker to broker, the minimum account balance can be 100$ for some brokers and 100$ for others. (Also, Some brokers use 1.0 lot as $1 per point, and others can use 1.0 lot as $25 per point. )
- This Index EA is specifically made to work on DAX40 (GER40/DE40), also called DAX30(GER30/DE30). (It could work on any timeframes with some modification to input parameters)
- Work Best on M15, M30, and H1 TimeFrames. (Work on any TimeFrames)
- This EA is traded during Dax open 9 am to 8 pm Frankfurt time. Default settings are for GMT+2 broker time(GMT+3 in SUMMER). If your broker is not GMT+2, it will run at the wrong times, and you need to adjust accordingly.
VPS Recomended : VXVM (Ultra low latency)
Broker Recomended : FBS (Bonus Deposit 100%) or Exness (Trading Enjoy With Zero Spreads)
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