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Dorian-Ash_v1.1 Forex Robot | Expert Advisor for MT4
Unlock trading potential with Dorian-Ash_v1.1, a powerful Forex EA designed to optimize your trading experience. This expert advisor, tested on LQDFX and FXOpen, delivers precision and efficiency in the dynamic Forex market. Elevate your strategies with Dorian-Ash_v1.1 - your key to automated success. Download now for enhanced trading performance.
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Download Dorian-Ash_v1.1.mq4 + settings: Harness Precision, Maximize Profits.
Dorian-Ash_v1.0 is a MetaTrader 4 Expert Advisor designed for breakout trading. It identifies potential breakout points by analyzing the highs and lows of a specified number of previous candles, and then executes buy or sell orders based on the breakout direction.
Functionality Overview:
Dorian-Ash_v1.0 operates by setting buy and sell stop orders at calculated breakout points.
It employs trailing stops, break-even stops, and standard stop losses for risk management.
The EA supports Money Management, automatically adjusting lot sizes based on a percentage of the account margin.
The Expert Advisor logs trading activity and can be customized through various adjustable parameters.
Setup Guide:
Download the Dorian-Ash_v1.0.mq4 file.
Place it in the 'Experts' folder of your MT4 platform.
Restart MT4 and attach the EA to the desired chart.
Adjustable Parameters:
TakeProfit: Sets the profit target in pips.
StopLoss: Sets the stop loss limit in pips.
TrailingStop: Distance in pips for the trailing stop; set to 0 to disable.
Slippage: Maximum allowed slippage in pips.
QtyCandles: Number of past candles to analyze for highs and lows.
PipToMove: Pips movement required for a breakout trade.
UseBreakEven: Enables break-even feature.
UseMM: Enables Money Management for lot sizing.
RiskPercent: Percentage of margin risked per trade with Money Management.
Lots: Default lot size if not using Money Management.
TradeLog: Log file name for recording EA activity.
Settings Recommendation:
Currency Pair: EUR/USD for balanced volatility.
Time Frame: 1 hour (H1) for a good balance between frequency and reliability of signals.
Minimum Budget: $1000 for effective risk management.
Recommended Settings:
TakeProfit: 50 pips
StopLoss: 20 pips
TrailingStop: 15 pips
Slippage: 2 pips
QtyCandles: 3 for a broader price range
PipToMove: 5 pips
UseBreakEven: TRUE
UseMM: TRUE
RiskPercent: 2% for conservative trading
Lots: 0.1 (if not using MM)
Ensure to test these settings on a demo account to adjust them according to market conditions and personal risk tolerance.
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