Description
Dolphin EA v1.0 MT4 is a trend-following Expert Advisor designed specifically for the MetaTrader 4 platform, one of the most widely used trading platforms in the forex market. Dolphin EA uses a combination of technical indicators to identify and trade in the direction of market trends. Its primary goal is to automate trading decisions, eliminating the emotional and psychological challenges that often hinder manual trading.
Key Features
Dolphin EA V1.0 offers several features that make it appealing to traders looking for a free, automated trading solution:
- Trend-Following Strategy: The EA is designed to trade with the market’s momentum, capitalizing on sustained price movements rather than attempting to predict reversals. This approach aligns with the principle of “the trend is your friend.”
- Customizable Parameters: Traders can adjust settings such as stop-loss, take-profit, moving average periods, ADX thresholds, and RSI levels to tailor the EA to their risk tolerance and trading preferences.
- Compatibility with MT4: The EA is fully compatible with the MetaTrader 4 platform, which is widely supported by brokers worldwide and offers a user-friendly interface for managing automated trading systems.
- Built-in Filters: The use of ADX and RSI as filters helps reduce false signals, increasing the likelihood of entering trades during favorable market conditions.
The EA is built to operate on higher timeframes, such as the 30-minute (M30) chart or above, making it suitable for traders who prefer swing or position trading over high-frequency scalping. Its algorithm relies on three key indicators:
- Moving Averages (MA): Dolphin EA uses a short-term and long-term moving average crossover strategy to determine trade entries. A buy signal is generated when the short MA crosses above the long MA, and a sell signal occurs when the short MA crosses below the long MA.
- Average Directional Index (ADX): The ADX is used to gauge the strength of a trend. Dolphin EA typically requires an ADX value greater than 27 to confirm a strong trend before initiating a trade, filtering out weak or ranging markets.
- Relative Strength Index (RSI): The RSI acts as an additional filter to avoid overbought or oversold conditions. For example, the EA avoids buy trades if the RSI is above 65 and sell trades if the RSI is below 35, reducing the risk of entering trades at extreme price levels.
- Real Tick Data: Use high-quality tick data for accurate backtesting. This ensures realistic simulation of market conditions, including spreads and slippage.
- Timeframe and Currency Pairs: Test the EA on M30 or higher timeframes and major currency pairs like EUR/USD, GBP/USD, or USD/JPY, as these are likely to exhibit stronger trends.
- Risk Settings: Experiment with different lot sizes and risk percentages (e.g., 1-5% per trade) to find a balance between profitability and drawdown.
- Historical Data: Backtest over a significant period (e.g., 5-10 years) to evaluate performance across various market conditions, including bullish, bearish, and volatile periods.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
Important information!
For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)
Install a trading advisor on a VPS
Real Account Profit Recorded every Friday (end of the trading week)
What’s in the package?
Experts:
- Dolphin EA v1.0 MT4.ex4
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Disclaimer:
The EAs sold on our channel are not created by us.
We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.
Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.
EA updates are thus not automatic and not guaranteed.
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