Free US30 EA – Indices Trading Robot (Dow Jones)

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The Free US30 EA – Indices Trading Robot operates on the M5 (5-minute) timeframe and is designed exclusively for trading the US30 index. It uses a combination of technical indicators and risk management strategies to execute trades efficiently while adapting to changing market conditions.

Here is short overview of the strategy behind the US30 trading bot:

  • Entry Volume (Lot Size): The default lot size for trades is 0.50. This is adjustable depending on the trader’s risk tolerance and account size.
  • Stop Loss and Take Profit Levels:
    • The US30 EA does not have a pre-set stop-loss level, suggesting it might rely on trailing stops or other exit mechanisms for risk management.
    • The strategy aims to capture substantial market moves by setting the take-profit level at 50,000 pips.
  • Technical Indicators:
    • The MACD (Moving Average Convergence Divergence) is used with the parameters 14, 40, and 13 to identify market trends and momentum.
    • The Envelopes Indicator, with settings of 4 and 0.91, creates dynamic price bands for determining overbought and oversold levels.
  • Risk Management:
    • Configurable limits are available for maximum open positions, total lots, and daily loss thresholds, ensuring control over exposure.
    • Equity protection mechanisms prevent trading when the account’s equity falls below or rises above specific levels.
  • News Filtering: The US30 EA includes a news filter that prioritizes high-impact events for currencies such as USD, EUR, and JPY. Adjustable timing allows for trade suspensions before and after significant economic announcements.

Free Expert Advisors Startup Guide – download it and learn how to start trading with Robots

Disclaimer: This Indices Trading Robot is for educational purposes and is free to download. Get the Free US30 EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.  Partner 1

Assets

US30

Timeframes

M5

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Free US30 EA – Indices Trading Robot (Dow Jones)
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