Dumangan MT4

Overview of Dumangan MT4

• Dumangan MT4 is an Expert Advisor (EA) designed for automated trading in the Forex market.
• Inspired by Dumangan, the Philippine God of Harvest, the EA aims to yield profitable trades, much like reaping from fertile fields.
• It incorporates a focused strategy utilizing the EMA Candle Cross and RSI indicators.

Trading Strategy

• The core strategy is the EMA Candle Cross paired with the RSI indicator, which is effective across varying market conditions.
• This combination aims to provide a balance between risk management and profitability. 💰
• Customization is a key feature, allowing traders to adjust timeframes and parameters according to their trading styles.

Customization and Settings

• Users can fine-tune settings for the EMA and RSI to adapt to market dynamics.
• The EA allows for the following customizable inputs:
• RSI Period
• EMA Period
• Lot Size
• Stop Loss and Take Profit in pips
• Trailing Stop Loss options
• Default settings are optimized for the EUR/USD currency pair.

Versions and Updates

• The free version provides essential features, while a paid version at 49 USD enhances functionality with additional parameters like:
• 4 Time Filters
• Consecutive Loss Filter
• Recovery Mode with Smart Take Profit
• Auto Stop Loss using ATR
• Drawdown Managers for prop firm users
• Recent updates include features like a trailing stop loss option and Martingale recovery methods.

User Feedback and Performance

• Dumangan MT4 has received positive ratings, often highlighted for its reliability and effectiveness.
• With user reviews emphasizing successful trading outcomes, the EA seems to live up to its promise of profit generation. 🌟
• Traders are advised to use proper risk management strategies even while utilizing this automated tool.