Blog
DOLLAR BANK EA MT4 – Full Input Settings Analysis
Dollar Bank EA is a highly sophisticated trading tool carefully crafted for MetaTrader 4 (MT4) experts. Developed on professionalism and precision, the EA is richly provided to traders of all levels. In its strategic design and advanced features, it works towards optimizing the trading experience, giving the performance and outcomes.
Buy DOLLAR BANK EA product here
Takeprofit Settings
- Take-Profit Value: 10 pips
A simple take-profit of 10 pips per trade/grid is used. - Use Average Take-Profit: Yes
Take-profit is based on average entry cost of existing positions. - Use Dynamic Take-Profit: Yes
An adaptive strategy that changes based on market conditions or pattern of positions, respectively, is used in a dynamic take-profit rule. - Crank to Start Dynamic Take-Profit: From crank #3
Dynamic take-profit begins from the third crank (order cycle). - Take-Profit Multiplier: 1.0
Multiplier for base take-profit when dynamic TP is used. - Min Take-Profit Value: 1 pip
Take-profit less than 1 pip is not placed by the system. - Apply Take-Profit to Breakeven Rule: Yes
Take-profit logic includes breakeven processing where necessary. - Crank to Start Breakeven Rule: From crank #10
Breakeven logic is engaged from crank number ten (order cycle).
Grid Step Settings
- Value of First Step: 20 pips
The first step between orders within the grid is 20 pips. - Calculate First Step by Volatility: No
Volatility is not applied when calculating the first step. - Days for Volatility Calculation: 20 days
(Used only if volatility-based calculation is activated.) - Multiplier for First Step (Volatility-Based): 0.5
If volatility is enabled, halve the first step. - Use Dynamic Grid Step: Yes
The grid step between orders is dynamic and adaptive. - Crank to Start Dynamic Step: Initial crank
Dynamic step adjustment begins from the first order. - Step Multiplier: 1.0
No scaling on the step size applied; it is constant unless changed by dynamic logic. - Max Cranks in Buy Basket: 10
Ten maximum buy orders are utilized in the basket. - Max Cranks in Sell Basket: 10
Ten maximum sell orders are utilized in the basket.
Manual Intervention Settings
- Permission to Buy/Sell Orders: Yes
Both buy and sell directions are allowed. - Order Stop Variant: Hold basket until all trades are closed
The basket is open until all orders posted are fully closed. - Stop Trading After Crossing Critical Level: No
Trading does not stop when a critical price level is crossed. - Order Stop Variant After Crossing Critical Levels: Hold basket until all trades are closed
Even when a critical level is hit, the EA will continue until all orders are closed. - Critical Levels for Closing Buy/Sell Orders: 0.0
There are no critical levels set. - Forced Basket Step Size for Buy/Sell Orders: 0.0
There is no forced step size applied to the basket; step is defined elsewhere in logic. - Forced Order Lot Size for Buy/Sell: 0.0
Lot is not forced to be defined; EA applies standard or calculated lot. - Forced Number of Orders in Basket for First Order: 0
There is no forced number of orders required on the first basket.
Key Takeaways
- Trend Identification: The EA closely observes price movement to detect significant trends as well as minor movement.
- Entry Points: It wisely chooses the best entry points for trading, following predetermined parameters to capture profitable market situations.
- Risk Management: Using effective risk management strategies, the EA employs stop-loss and take-profit levels to manage potential losses and lock-in profits.
- Profit Maximization: With a focus on profitability, the EA works to maximize profits and minimize drawdowns by dynamically hedging position sizes and trailing stops.