ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs

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.


  • 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).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500



Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts

FAN Trading Robot

An automated trading system called the FAN Trading Robot was created to profit from major news stories that cause notable volatility in the currency markets.

AA Forex Robot

The adaptable MT4 Robot Advanced Automated Forex Robot is available for free download. An adaptable algorithm that continuously fine-tunes and optimizes itself forms the basis

SG Forex EA

Specifically built for trading gold (XAUUSD), this SG EA is a fully automated Gold Forex EA. This article delves into the nuances of this EA,


Top Bottom Indicators provide a major advancement in manual trading tactics by identifying the tops and bottoms of market patterns. This indicator is special since