The Dark Dione Expert Advisor (EA) is a fully automated trading system for MetaTrader that combines breakout trading, trailing stop management, and indicator-based signals. Let’s break down the detailed trading parameters from the settings panel to understand how this EA works and what traders can expect.
🔹 General Trading Settings
- Magic Number: 9373 → Unique ID for trades, ensuring no conflict with other EAs.
- Max Spread per Trade: 500 → Very high value, meaning it can trade even in high-spread conditions (not recommended for live accounts unless optimized).
🔹 Take Profit & Stop Loss Configuration
- Take Target: 600 points
- Stop Target: 800 points
- Target ATR Multiplier: 500 (disabled since ATR mode is false).
- Close Trades at End of Bar: False → Positions stay open until closed by TP/SL or signal reversal.
This shows the EA aims for fixed profit targets while allowing flexibility with trailing stops.
🔹 Trailing Stop & Risk Management
- Enable Trailing Stop: True
- Average Trailing Stop Value: 200
- Average Trailing Step Value: 20
- Only in Profit: True → Trailing activates only when trade is in profit.
- Broker Commission: 7 → Configured to factor in realistic broker costs.
✅ This setup ensures risk control and profit protection once trades move in the right direction.
🔹 Indicator-Based Trading
- Breakout Trading Hours: 18:00 – 10:00
- Signal Type: Buy on Green Arrow / Sell on Red Arrow
- Moment of Signal: Current Price
- Breakout Timeframe: Current
👉 Dark Dione EA trades mainly on breakout signals within specific hours, making it ideal for Asian to early European sessions.
🔹 Money Management Settings
- Lots: 0.01 (manual lot size since money management = false).
- Risk Percent: 1.0 (not applied here as auto MM is disabled).
- Max Lot Amount: 0 (unlimited if enabled).
⚠️ Since Money Management is disabled, the EA trades with fixed lot size (0.01). Risk control will depend heavily on user-defined lot size.
🔹 Trade Directions & Days
- Allow Buy: True
- Allow Sell: True
- Allow Buy and Sell at Same Time: False (avoids hedging).
- Trading Days: Monday → Sunday (all enabled).
✅ This ensures continuous trading while avoiding conflicting hedge positions.
🔹 Grid Trading (Optional)
- Enable Grid: False → No martingale/grid strategy used.
- Grid Management: Lot Sum
- Grid Distance: 50 points
👉 Safer setup since Grid is disabled. No high-risk averaging.
🔹 Safety Features
- Monetary Stop Loss: False (disabled, though can be set to $100).
- Stop EA after Monetary Loss: False
- Force Close Friday Night: 23:00 (optional weekend protection).
⚠️ Monetary stop loss being disabled can expose traders to higher risk. Best practice: enable it for account protection.
🔹 Graphic & Optimization Settings
- Custom Comment: “Dark Dione” (visible in trades).
- Show Panel & Chart: Enabled for user monitoring.
- Optimization Trades Minimum: 100 (for strategy tester filtering).
✅ Conclusion: Is Dark Dione EA Safe and Profitable?
Based on the provided settings, Dark Dione EA is designed as a breakout and indicator-based strategy with trailing stop management. It avoids martingale/grid trading (safer for long-term use) but currently does not use automatic money management or monetary stop loss, which could increase risk exposure.
🔑 Key Takeaways:
- ✅ Works best on breakout strategies during specific hours (Asian/European sessions).
- ✅ Uses trailing stop for profit protection.
- ✅ Safer since grid/martingale are disabled.
- ⚠️ Risk management relies on manual lot size settings.
- ⚠️ Monetary stop loss is disabled – enabling it is recommended for account safety.
👉 Ideal for traders who want a breakout EA with trailing stops and are comfortable adjusting lot sizes manually. For optimal performance, users should enable money management & account-level stop loss to reduce risk.
