Forex trading, with its potential for significant profits, has become a popular choice for investors worldwide. The market, however, can be unpredictable, necessitating the use of advanced tools for effective trading. One such tool is the EA Dark Magic MT4, a forex software designed to optimize trades and calculate profit automatically. This software comes packed with features that aim to streamline and automate forex trading.

Operating Requirements and Conditions for EA Dark Magic MT4

The EA Dark Magic MT4 requires a hedging account and works optimally when run on a Virtual Private Server (VPS) continuously. This software is compatible with all brokerage conditions, proving its adaptability and flexibility. Working symbols include EUR, USD, GBP, GOLD, or any other pair, with a working timeframe of M15/M30/H1. The minimum deposit required to operate this software is $500 for a single pair with a minimum leverage of 1:500.

Understanding Automatic and Manual Lot Calculation

The EA Dark Magic MT4 offers both automatic and manual lot calculation. When the MM (Money Management) setting is ‘TRUE’, the software calculates the lot size automatically based on the risk level set by the trader. If the MM setting is ‘FALSE’, the software will not perform any automatic lot calculation, and the trader will need to set the lot size manually.

Profit Calculation and Trade Management

One of the unique features of the EA Dark Magic MT4 is the Auto Profit Calculation. When the target dollar profit is set, the software calculates the profit in the buy/sell trade and closes the trade when the set profit is achieved. This feature allows traders to have a clear picture of their potential profits and manage their trades accordingly.

Customizing Trading Hours with EA Dark Magic MT4

The EA Dark Magic MT4 allows traders to customize their trading hours. Traders can set the ‘Start hr’ and ‘End hr’ to define the time period within which the EA should operate. Moreover, if ‘Open On New Candle’ is set to ‘TRUE’, the EA will open a new trade with every new candle. However, this function can be risky with smaller timeframes and is recommended for D1.

FAQs about EA Dark Magic MT4

Can EA Dark Magic MT4 operate with any brokerage conditions?

Yes, EA Dark Magic MT4 is designed to operate with any brokerage conditions, making it a flexible tool for diverse trading environments.

Does the software calculate profit automatically?

Yes, one of the key features of EA Dark Magic MT4 is the Auto Profit Calculation. It calculates the profit in buy/sell trade and closes the trade when it reaches the set profit.

Can I customize the trading hours with this software?

Yes, EA Dark Magic MT4 allows traders to customize their trading hours by setting the ‘Start hr’ and ‘End hr’.

Is there a risk involved in forex trading with EA Dark Magic MT4?

As with any form of trading, there is a significant risk involved in forex trading. It is possible to lose all of your invested capital. Therefore, it is essential to invest money that you can afford to lose and understand the risks involved before trading.

For a more detailed understanding of how the EA Dark Magic MT4 operates, users can watch independent testing of this product on the forexroboteasy.com website. Subscriptions for updates on the product’s testing results are also available. We invite users to share their experiences of using this product for the benefit of the trading community.

This article is an independent product review and does not endorse or associate with any product. It aims to provide an unbiased overview of the EA Dark Magic MT4 software for potential users and forex trading enthusiasts.