The DOW and DAX Index expert advisor for Metatrader 4 is a fully automated trading robot optimized to trade the DOW30 and DAX40 index.
The expert advisor made +1039.72% gain on the account in 8 month with only one losing month during the test.
Every trade is secured by a stop loss and take profit order and the EA does not use any risky trading strategies, such as increasing the position in losing trades.
The DOW and DAX Index EA uses the same lot size for every trade but there’s an option to increase the lot size factor (EA properties).
You can also test this robot on the major currency pairs.
As always, please test the EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Download the “DOW DAX Forex EA.ex4” expert advisor
Find below the detailed DOW and DAX Index EA track record for 8 month of trading activity (click on the picture for full size view).
- Gain: +1039.72%
- Profit trades: 72.4%
- Loss trades: 27.6%
- Trading activity: 2.3%
- Drawdown: 33.5%
The picture below shows the DOW and DAX Index robot attached to DAX40 H1 trading chart.
Recommendations & Specifications
- Optimized for the DAX40 and DOW30 indices
- Works best for the M5, M15 and H1 charts
- Minimum account balance: $250
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Number of orders, maximum size range, points above range, points below range, magic, lot size, lot increase factor, reset after max. lot, box stop loss, minimum stop loss, maximum stop loss, use trailing stop, trailing start, trailing stop, use break-even, start when profit point, lock in point
Download This Expert Advisor
Download the “DOW DAX Forex EA.ex4” EA
How to install and run the DOW and DAX Index EA in Metatrader 4?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the DOW DAX Forex EA.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the DOW and DAX Index EA!