1. Introduction

Dawn EA is an clever foreign currency trading advisor particularly designed for MetaTrader 4 and MetaTrader 5 platforms. It adopts an evening scalping technique with glorious breakout efficiency and actual account efficiency, buying and selling one order at a time, with out utilizing martingale or grid methods. This technique achieves decrease threat and better chance of returns by buying and selling throughout nighttime hours when market volatility is decrease. Dawn EA has a wonderful efficiency in threat administration. Nonetheless, please be aware that investments all the time carry dangers, and this guide doesn’t contain any revenue commitments.

2. Platform

Dawn EA is appropriate for MetaTrader 4 and MetaTrader 5 buying and selling platforms.

MT4 buy hyperlink:  https://www.mql5.com/en/market/product/96089

MT5 buy hyperlink:  https://www.mql5.com/en/market/product/95573

3. Set up

Open the MetaTrader 4 / 5 platform.

Click on on “View” within the high menu bar, after which choose “Toolbox”. The Toolbox window will seem on the backside of the platform.

Within the Toolbox window, discover and click on the “Market” tab.

Underneath the “Market” tab, seek for “Dawn EA”, discover the corresponding EA, and click on to buy.

After a profitable buy, the EA will routinely be added to the “Professional Advisors” record within the “Navigator” window.

Drag the “Dawn EA” onto the chart the place you need to apply the EA.

4. Options

• Totally computerized mode
• Month-to-month computerized switching of forex pairs
• Computerized detection of time zones and daylight saving time
• One order at a time, no martingale or grid methods
• Maximize avoidance of slippage by pending orders
• Superior algorithms for monitoring positions, modifications, and exits
• A number of exit mechanisms
• Excessive revenue/loss ratio technique
• Strict use of stop-loss administration, making certain each commerce is protected upfront
• Run a number of forex pairs with only one set up on a single chart

5. Parameter Settings

     1.Technique settings:

1.1 Symbols record [with suffix if it has] – Record of buying and selling devices: If you don’t use the “Full Auto Commerce” mode and need to commerce a number of devices, you have to fill within the buying and selling devices on this column. If there’s a suffix, it have to be crammed in as properly.

1.2 Full Auto Commerce Mode – Full computerized buying and selling mode: Activate this feature to routinely choose a number of buying and selling devices and change them month-to-month based mostly on their efficiency. Activating this feature will disregard the parameters within the “Symbols record”.

1.3 Fill image suffix if it has – In “Full Auto Commerce Mode”, if the instrument has a suffix, it must be crammed in.

1.4 Max Symbols at a time – Most variety of devices that may be held on the identical time: No new orders can be positioned when the utmost worth is reached.

1.5 Lot-sizing Methodology – Buying and selling lot calculation methodology: FixedLot will use a set lot dimension for buying and selling, whereas AutoLot will calculate the lot dimension routinely based mostly on the steadiness.

1.6 Mounted lot – Measurement of the mounted lot.

1.7 Auto lot (steadiness based mostly) – Base for calculating the automated lot dimension: For instance, Mounted lot = 0.01, Auto lot (steadiness based mostly) = 100, the calculation methodology is 0.01 tons per $100.

Excessive-risk settings: 0.01 lot per $20

Medium-high threat settings: 0.01 lot per $20 – $100

Low-risk settings: 0.01 lot per $100 and above

1.8 Stoploss in pips – Compelled cease loss in pips.

1.9 Max floating drawdown [1 means 100%] – Most floating drawdown ratio: positions can be compelled to shut if the ratio is exceeded.

1.10 Filter stage [1–extreme] – Market filtering stage: 1 is the very best filtering stage, which can cut back the variety of orders when the market is extremely risky.

1.11 Slippage in pips – Allowed slippage when putting orders.

1.12 Shut all trades with revenue when the top? – When the buying and selling is over, if there’s floating revenue, ought to all orders be closed? It is suggested to allow this function to cut back dangers.

2. Time settings:

2.1 Auto GMT detection – Computerized GMT detection: could be manually turned off, this feature will have an effect on the buying and selling begin time.

2.2 Server GMT – Server GMT timezone: Should you disable the above GMT auto-detection, you have to enter the GMT timezone right here. This feature will have an effect on the buying and selling begin time.

2.3 Commerce period hours – Commerce period: The default is 2 hours; after 2 hours, no new orders can be positioned, and all pending orders can be canceled.

2.4 Max hours holding a place – Most hours to carry a place: positions can be compelled to shut after the required variety of hours.

2.5 Commerce on Friday – Ought to positions be held on Fridays? Disabling Friday buying and selling will cut back the chance of carrying positions over the weekend, however income will even lower.

3. Different settings:

3.1 Magic quantity – A magic quantity to differentiate the EA from others.

3.2 Remark – Feedback for every order.

Primarily based on the supplied parameter settings, you may modify them based on your buying and selling wants and threat tolerance. Earlier than utilizing Dawn EA for precise buying and selling, please be certain to completely perceive and take a look at all parameters to make sure the EA runs as anticipated.

It is suggested to observe these greatest practices when utilizing Dawn EA:

1. Use low-risk settings to attenuate potential losses.

2. Select applicable buying and selling devices, making certain they’ve good liquidity and volatility.

3. Control market dynamics, adjusting EA parameters as essential.

4. Frequently consider the efficiency of the EA, adjusting parameters and methods as wanted.

     

     6.Testing

Earlier than precise operation, it’s endorsed to carry out backtestingusing historic knowledge to judge the efficiency of Dawn EA. You need to use the “Technique Tester” within the MetaTrader platform for backtesting. After conducting preliminary assessments, you may modify the parameters based mostly on the outcomes to optimize efficiency.

     7.Incessantly Requested Questions (FAQ)

This part can be added after amassing potential questions and their options that customers could encounter.

     8.Disclaimer and Threat Warning

Earlier than buying and selling with Dawn EA, please be sure to totally perceive the dangers related to the foreign exchange market. Buying and selling foreign exchange and different monetary merchandise could consequence within the lack of half or your whole funding. Be sure you perceive the dangers concerned and search skilled recommendation if essential. This person guide solely offers info associated to Dawn EA and doesn’t represent funding recommendation. Dawn EA is just not liable for any losses ensuing from the usage of this product. All customers ought to make cautious selections and assess dangers based mostly on their monetary state of affairs, funding targets, and threat tolerance earlier than utilizing Dawn EA.