DLMv1.1.mq4 - Advanced Forex Expert Advisor for Reliable Trading

DLMv1.1.mq4 is a powerful Forex EA designed to enhance your trading experience. This expert advisor combines sophisticated algorithms with a user-friendly interface, making it suitable for traders of all levels. With proven results on brokers like LQDFX and FXOpen, this robot ensures consistent performance across various platforms. Elevate your trading with DLMv1.1.mq4, your trusted companion in the dynamic Forex market. Download now for automated and efficient trading.

Download DLMv1.1 EA for Profitable Forex Trading + settings!

The DLMv1.1 EA aims to open and manage trades based on specific conditions. It can either go long (buy) or go short (sell) a currency pair. The strategy relies on various indicators and user-defined settings to make trading decisions.

How It Works:

The EA starts with an initial lot size defined by the "Lots" parameter. It can adjust the lot size based on the account balance if the "mm" (money management) setting is enabled. The EA can open a maximum of "MaxTrades" orders and places them at a specified distance of "Pips" from each other.

Here are some key functionalities of the DLMv1.1 EA:

Opening and Managing Trades: The EA opens and manages trades automatically based on its strategy.
Take Profit and Stop Loss: You can set a "TakeProfit" level to specify the desired profit for each trade. Similarly, "StopLoss" can be set to limit potential losses.
Trailing Stop: A trailing stop can be activated to lock in profits as the trade moves in your favor. You can specify the number of pips for trailing with the "TrailingStop" parameter.
Account Protection: The EA offers account protection with the "AccountProtection" setting. If enabled, it monitors the profit from all orders and can close them if the total profit reaches the "SecureProfit" level.
Opening Conditions: You can choose how the EA decides whether to go long or short. This decision can be based on various methods like MACD, pivot points, or support and resistance levels.
Time Filtering: You can specify the start and end year/month for trading, allowing you to control when the EA is active.
Setting Up the EA: To set up the DLMv1.1 EA, you need to attach it to a chart in MetaTrader 4 and configure its parameters.

Here are the adjustable parameters of the DLMv1.1 EA:

TakeProfit: This parameter specifies the desired profit level in pips for each trade.
Lots: It determines the initial lot size for trading.
StopLoss: This setting allows you to set the stop loss level in pips to limit potential losses.
TrailingStop: You can set the number of pips for trailing the stop loss to lock in profits as the trade moves in your favor.
MaxTrades: It defines the maximum number of orders that the EA can open.
Pips: This parameter specifies the distance in pips between each order that the EA opens.
SecureProfit: If the total profit from all orders exceeds this amount, the EA may close orders to protect your account.
AccountProtection: You can enable or disable account protection with this setting.
AllSymbolsProtect: If set to 1, the EA will check profit from all symbols; otherwise, it will only consider profit from the current symbol.
OrderstoProtect: This parameter determines the number of orders required to enable account protection.
ReverseCondition: If set to 1, it reverses the decision to go long or short.
StartYear: It specifies the starting year for trading (for backtesting purposes).
StartMonth: You can set the starting month for trading (for backtesting purposes).
EndYear: This parameter defines the year to stop trading (for both backtesting and live trading).
EndMonth: It specifies the month to stop trading (for both backtesting and live trading).
mm: If set to 1, the lot size will increase based on account size.
risk: This parameter is used to calculate the lot size when money management (mm) is enabled.
AccountisNormal: If set to 0, it indicates that the account is not mini/micro.
MagicNumber: The magic number for the orders placed by the EA.
Manual: If set to 1, the EA will not open trades automatically.
OpenOrdersBasedOn: It determines the method for deciding whether to go long or short (0 for MACD, 1 for pivot points, 2 for support and resistance).
TimeZone: You can set the time zone for pivot point calculations (if used).

For a winning setting, you can consider the following:

Currency Pair: EUR/USD
Time Frame: 1-Hour (H1)
Parameter Settings (Minimum Budget): $1,000

TakeProfit: 40
Lots: 0.01
StopLoss: 0
TrailingStop: 20
MaxTrades: 10
Pips: 15
SecureProfit: 10
AccountProtection: 1
AllSymbolsProtect: 0
OrderstoProtect: 3
ReverseCondition: 0
StartYear: 2022 (for backtesting)
StartMonth: 1 (for backtesting)
EndYear: 2023 (for both backtesting and live trading)
EndMonth: 12 (for both backtesting and live trading)
mm: 0
risk: 12
AccountisNormal: 0
MagicNumber: 222777
Manual: 0
OpenOrdersBasedOn: 0
TimeZone: 16

It's important to backtest and demo trade with these settings before considering live trading.

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