DOW and DAX Forex EA

The US30, also known as the DJ30, Dow Jones Industrial Average (DJIA), Dow30, and DE40 (also known as DAX40/GER40) Index, are traded by the DAX Forex EA, a robust and interesting Index EA for MT4. To trade during the opening few hours of the European day, breakout methods are used.

Due to the greater amount of fluctuations, index trading is very different from spot FX and necessitates a more specialized skill set. Because several brokers utilize a different number of digits after the decimal point, backtesting indices is more complicated than backtesting FX. Various quotes include spot rates, futures prices, expiration dates, and other information.

For instance, the DAX can have many different quote iterations, like 14534.00, 145.34, and 14534.0. Additionally, because EA operates at a specified time of day (GMT+2 is the default preset), and because broker time might vary from broker to broker, you must modify EA trading time. Check the time and quote from your broker as a result.

A fixed stop loss of around 25 points protects each straightforward transaction that the DAX40 EA opens, and it only executes a maximum of 5 trades each day. Orders are never placed using risky trading strategies like the martingale, layers, grids, or additional average positions, and they are always closed or eliminated by the end of the same day. It has a trailing stop exit built into its exit that is activated.

The user-defined lot size is used for every trade. does not employ the technique of increasing lots. Expert is packed with more control capabilities for experienced EA users, such as using a box stop loss rather than a fixed stop loss, a fixed take profit, and an increase after loss option (although the Dow30 EA has a recovery mechanism for advanced/experienced EA users). However, it is incredibly simple to set up and operate for beginners.

Recommendations

The minimum account balance can be $100 for some brokers and $1,000 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.)
This Index EA was created specifically to function on the DAX and DOW.
Other names for DAX are DAX40, GER40, and DE40.
Another name for DOW is US30, DJ30, and DOW30.
On M15 TimeFrames, Work Best. (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).