Dark Mimas EA is a fully automated Expert Advisor (EA) that uses a smart trading strategy combining indicator-based signals with a grid and martingale system. It is designed to trade with a high-risk, high-reward approach, aiming for potentially high returns by using a lot multiplier to recover from drawdowns. The EA includes multiple risk-control features, making it a powerful tool for experienced traders who understand and accept the risks of this trading methodology.
1. General Settings
- Magic Number: 1396 – ensures trades are uniquely identified and managed by the EA.
- Max Spread: 50.0 – limits execution only when spreads are acceptable, avoiding costly entries.
2. Money Management
- Money Management: Disabled by default, but if enabled, it uses a risk percentage per trade.
- Lot Mode: Works with fixed lot size (default 0.01) if money management is off.
3. Indicator Settings
- Dark Oscillator Settings: Core of the strategy – uses Buy Green Arrows, Sell Red Arrows logic.
- Period: 15 – a relatively short timeframe, good for intraday scalping.
- Applied Price: Median Price with Linear Weighted MA smoothing.
- Levels: +25 / -25 – define overbought and oversold zones for signal confirmation.
- Additional Rules: Disabled, making strategy purely oscillator-based.
4. Trading Hour & Days
- Trading Start/Stop Time: Set to trade 24/5, covering all weekdays.
- Allowed Days: Monday to Friday = True; Weekends = False.
- This ensures continuous weekday trading but avoids weekend market gaps.
5. Trading Directions
- Allow Buy/Sell: Both enabled.
- Same Time Execution: True, meaning EA can hedge or open simultaneous buy/sell trades.
6. Standard Trade Settings
- Max Orders: 50 – supports high-frequency or grid trading.
- Max Lot: 50.0 – allows aggressive scaling.
- Order Timeframe: Current – keeps trades aligned with real-time conditions.
7. Grid Trading Settings
- Enabled: True – confirms the EA uses grid logic.
- Min Distance Between Orders: 5 pips – defines how frequently new trades are added.
- Lot Management: “Lot Sum” – increases exposure based on cumulative lot calculation.
- Multiplier: 2.0 – lot size doubles after each grid step, a classic martingale progression.
8. Target & Risk Control
- Take Profit: 50 pips – per trade target.
- Stop Loss: 500 pips – wider safety net, consistent with grid/martingale systems.
- Monetary Stop Loss: $3000 – account protection in extreme cases.
- Percentage Loss: 30% – shuts down trading if drawdown exceeds threshold.
9. Close Trading Settings
- Friday Protection: Closes trades before weekend (18:00–23:00) to avoid gaps.
- Freeze Hour: Prevents opening new trades before closure time.
10. Other Features
- Custom Chart & Show Button: Provides visual trade management on the MT4 chart.
- Optimization Mode: Minimum 100 trades required for tester results – ensures statistically relevant backtests.
✅ Conclusion: Is Dark Mimas EA Safe and Profitable?
The Dark Mimas EA combines oscillator-based entry signals with grid and martingale money management, making it a high-risk, high-reward trading system. Its strengths include:
- Automated buy/sell decisions using oscillator confirmation.
- Flexible money and lot management.
- Built-in grid expansion with lot multiplier.
- Solid risk-control features like monetary stop loss, percentage-based limits, and Friday trade protection.
However, due to its martingale-style grid logic, traders should use this EA with:
- A large account balance (to survive drawdowns).
- Proper risk allocation (preferably 1–2% per cycle).
- A reliable low-spread broker.
👉 In summary, Dark Mimas EA is suitable for traders who accept higher risk for potentially high returns, especially in ranging markets. For conservative traders, adjusting the lot multiplier and max orders is recommended.