The Dollarmint EA

• The Dollarmint EA is a trend-following automated trading bot for MT4 designed to identify and capture extended market trends with precision.
• As a trend-based EA, its primary strategy is to enter positions aligned with the broader market direction, maximizing gains by riding strong, sustained moves. To achieve this, Dollarmint EA utilizes a combination of advanced technical indicators and price action analysis to assess trend strength and momentum, only taking trades when conditions show high potential for continuation.

RECOMMENDATIONS:

• PLATFORM: MT4
• MIN DEPOSIT: $1000
• PAIR: EURUSD
• TIMEFRAME: BEST M15
• ACCOUNT TYPE: ECN or Zero Spread
• LEVERAGE: 1:500

PRESET:

Together with the EA, we include 1 fully optimized preset.

• EURUSD M15: $1000 MIN DEPOSIT – 100% NET PROFIT – 14% DD – 90% MODELING QUALITY

The EA operates in two main phases:

1. Entry Strategy: Dollarmint EA continuously scans for clear uptrend or downtrend conditions, often using indicators like moving averages or oscillators to confirm trend direction and strength. Once a valid trend is identified, the EA opens a position in the direction of the trend, timing the entry to capture momentum early in the move. This ensures that trades are placed when there is still room for the trend to develop, giving the position an optimal start.
2. Risk Management and Trade Exit: A core feature of Dollarmint EA is its robust risk management system, including dynamic stop-loss and take-profit adjustments that adapt to market volatility. The EA automatically sets an initial stop-loss and take-profit based on the trend’s strength and recent price action, ensuring that trades have room to breathe while limiting downside risk. Additionally, a trailing stop is applied to lock in profits as the trend progresses, enabling the EA to capture the maximum potential of extended moves.

Adaptive Position Sizing:

• To manage risk effectively, Dollarmint EA includes a dynamic lot-sizing system that adjusts position size relative to account balance and user-defined risk parameters. This means that as account equity grows, position sizes increase proportionally, maintaining a balanced approach to growth and risk. This adaptive feature allows traders to compound gains over time while avoiding excessive risk on any single trade.

Ideal Market Conditions:

• The Dollarmint EA is most effective in markets with clear trending behavior and moderate volatility, making it an excellent choice for currency pairs with stable yet persistent trends. This EA is a set-and-forget tool, ideal for traders seeking a reliable system that manages entries, exits, and risk automatically with minimal intervention.