- December 4, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Newedge CTA Index EA
The Newedge CTA Index EA (also known as DAX40/GER40) Index is traded via the strong and interesting Dax40 EA for MT4. It operates via a set of unique indications known as the "angel factor/period" (you can see this in 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 use risky trading strategies like a 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 use 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. After a loss, the EA will double the lot size of the subsequent transaction for a maximum of five levels (This is different from martingale). By entering 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 confuse the two; this table contrasts their stark differences.
Best Brokers List
The Newedge CTA Index EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Newedge CTA Index EA Settings
| Control Function | Typical Martingale | Recovery Factor |
|---|---|---|
| Stop loss and Take Profit | Open-ended loss never uses stop loss on trades | Always use Stop Loss on EVERY trade |
| Levels | Infinity keeps adding on Top of trades until ruin or profit | Limited to 5 Levels of increases |
| Lot increase step | It gets exponentially high after 5 or 6 levels until ruin or margin call | Stops increasing after 5 levels; easy to assess the “largest” lot |
| Equity Curve | Spectacularly linear curve until its cliff edge drops. | Clearly shows some loss days/weeks but will not cliff edge account |
| Number of Max Positions at Same Time | Unlimited, impossible to say, has no control on max trades | 1 Trade Per chart Max at one time. |
This Dax40 EA can trade using a fixed lot or an auto lot, which increases the transaction's size automatically in accordance with the set conditions. Because this EA's maximum drawdown % is low, it is possible to use it with only a small initial investment.
Recommendations
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.
Newedge CTA Index EA Results
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November turned out to be very productive, for those who wanted to earn their own. Most often, after such a month, the next month is calmer, so we continue in the same spirit and even a little more actively!
You can always get information on any of the robots from the channel admin, as well as take some of them for testing even on a demo account! We will try to keep you up to date, follow the channel, and promptly update the settings of the robots and the robots themselves if necessary.
Newedge CTA Index EA Free Download
We highly recommend trying the Newedge CTA Index EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
Get Newedge CTA Index EA
Newedge CTA Index EA MT4 - Free Download – Forex Wiki Trading
The Newedge CTA Index EA (also known as DAX40/GER40) Index is traded via the strong and interesting Dax40 EA for MT4. It operates via a set of unique indications known as the "angel factor/period" (you can see this in 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.
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