FTMO DCA GOLD v1.2 MT4

Currency Pairs: XAUUSD GOLD

Timeframes:  Any

Minimum Deposit: $200

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

How FTMO DCA GOLD EA V1.2 Works

This expert advisor utilizes a Dollar Cost Averaging (DCA) strategy. Unlike traditional martingale or grid trading, DCA strategically places trades at calculated intervals to reduce risk and enhance profitability. Here’s how it works:

1. Entry Signal Identification
   • The EA scans for potential buy/sell signals based on technical indicators such as moving averages, RSI, and ATR volatility filters.
   • It ensures optimal entry points in trending and ranging markets.
2. Dollar Cost Averaging Mechanism
   • If the price moves against the initial entry, the EA adds new positions at predefined intervals with a calculated lot size.
   • This helps to average down the entry price, reducing drawdown and increasing the probability of closing trades in profit.
3. Dynamic Lot Sizing
   • Unlike aggressive grid or martingale strategies, this EA adjusts lot size dynamically based on available margin, account balance, and risk parameters.
   • This prevents excessive drawdowns and keeps risk under control.
4. Trade Closure & Take Profit
   • The EA closes trades once the basket of positions reaches a targeted profit level.
   • It uses a combination of trailing stop, TP adjustments, and breakeven settings to lock in profits efficiently.
5. Risk Management & FTMO Compliance
   • The EA follows a strict risk management strategy, ensuring it stays within the risk limits of FTMO or other prop firms.
   • Stop-loss and equity protection features prevent excessive losses.