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 danger and better chance of returns by buying and selling throughout nighttime hours when market volatility is decrease. Dawn EA has a superb efficiency in danger administration. Nevertheless, please notice 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 prime 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.

Beneath 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 “Skilled Advisors” checklist within the “Navigator” window.

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

4. Options

• Absolutely 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, guaranteeing 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 checklist [with suffix if it has] – Checklist of buying and selling devices: If you don’t use the “Full Auto Commerce” mode and need to commerce a number of devices, you should fill within the buying and selling devices on this column. If there’s a suffix, it have to be crammed in as effectively.

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 swap them month-to-month primarily based on their efficiency. Activating this feature will disregard the parameters within the “Symbols checklist”.

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 will likely be positioned when the utmost worth is reached.

1.5 Lot-sizing Methodology – Buying and selling lot calculation technique: FixedLot will use a hard and fast lot measurement for buying and selling, whereas AutoLot will calculate the lot measurement routinely primarily based on the steadiness.

1.6 Mounted lot – Measurement of the mounted lot.

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

Excessive-risk settings: 0.01 lot per $20

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

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

1.8 Stoploss in pips – Pressured cease loss in pips.

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

1.10 Filter degree [1–extreme] – Market filtering degree: 1 is the best filtering degree, which is able to scale back the variety of orders when the market is very unstable.

1.11 Slippage in pips – Allowed slippage when putting orders.

1.12 Shut all trades with revenue when the tip? – When the buying and selling is over, if there’s floating revenue, ought to all orders be closed? It is strongly recommended to allow this characteristic to scale back dangers.

2. Time settings:

2.1 Auto GMT detection – Computerized GMT detection: might 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 should enter the GMT timezone right here. This selection will have an effect on the buying and selling begin time.

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

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

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

3. Different settings:

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

3.2 Remark – Feedback for every order.

Primarily based on the offered parameter settings, you possibly can modify them in line with your buying and selling wants and danger tolerance. Earlier than utilizing Dawn EA for precise buying and selling, please ensure to completely perceive and take a look at all parameters to make sure the EA runs as anticipated.

It is strongly recommended to observe these finest practices when utilizing Dawn EA:

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

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

3. Regulate market dynamics, adjusting EA parameters as needed.

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

     

     6.Testing

Earlier than precise operation, it is suggested 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 possibly can modify the parameters primarily based on the outcomes to optimize efficiency.

     7.Continuously Requested Questions (FAQ)

This part will likely be added after accumulating attainable questions and their options that customers might encounter.

     8.Disclaimer and Threat Warning

Earlier than buying and selling with Dawn EA, please ensure you totally perceive the dangers related to the foreign exchange market. Buying and selling foreign exchange and different monetary merchandise might outcome within the lack of half or your entire funding. Be sure to perceive the dangers concerned and search skilled recommendation if needed. This consumer guide solely offers data associated to Dawn EA and doesn’t represent funding recommendation. Dawn EA isn’t accountable for any losses ensuing from the usage of this product. All customers ought to make cautious choices and assess dangers primarily based on their monetary state of affairs, funding aims, and danger tolerance earlier than utilizing Dawn EA.