Dax40 Index EA Free Download

The DE40 (also known as DAX40/GER40) Index is traded via the strong and interesting Dax40 EA for MT4. It operates using “angel factor/period” proprietary indicators, which are visible in the inputs. Dax40 is a fairly inexpensive instrument to trade; most brokers offer a spread of 0.5 to 1.0 and charge low or no charges.

During trading hours, it keeps an eye on the DAX40’s movement and volatility; when it notices a big move, it seizes the opportunity to open a trade at the start of the following bar. This EA is traded from 9 am to 8 pm, Frankfurt time, during the Dax open.

It does not using risky trading strategies like grid, martingale, etc. It doesn’t hold in to trade for a long time and only opens 2–7 deals every week. It employs a strict 40–50 point take profit and stop loss. Indices employ points rather than pips; for most brokers, 1 point is equivalent to $1 using 1 Lot.

The recovery function is used by this index trading EA. The EA will, unlike a martingale, raise the lot size of the subsequent transaction by x2 for a maximum of five levels after a loss. By using the appropriate parameters (increaselotafterloss = false), you can, however, turn off this feature.

An alternative to martingale is to use a recovery factor after a loss. Do not mistake the two; this table contrasts their stark distinctions.

Recommendations

• The minimum account balance can be $100 for some brokers and $100 for others because margin requirements can vary from broker to broker. (Also, some brokers use 1 lot as 1 point at $1, while others use 1 lot at 25 points for $25.)
• The DAX40 (GER40/DE40), also known as the DAX30 (GER30/DE30), is the sole target market for this Index EA. With simple adjustments to the input values, it might be used with any timeframes.
• M15, M30, and H1 TimeFrames are the best for this. (Assist with any TimeFrames)
• This EA is traded from 9 am to 8 pm, Frankfurt time, during the Dax open. Broker time is set by default to GMT+2 (GMT+3 in the SUMMER). It will operate at the incorrect timings if your broker is not GMT+2, and you must make the necessary adjustments.
• This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
• low spread ECN account is also advised (Find the Perfect Broker For You Here).