The Dark Moon EA is a highly configurable Expert Advisor (EA) designed for automated trading on MetaTrader 4. Its settings panel reveals a wide range of customization options, allowing traders to optimize risk management, entry/exit strategies, and grid-based trading. Below is a breakdown of its core parameters:
🔹 General Settings
- Magic Number: 122334 – Ensures trade identification without interference from other EAs.
- Max Spread for Trade: 500 – Relatively high, meaning the EA is not limited by spread conditions, making it suitable even during volatile markets.
🔹 Money Management
- Fixed Lot Size: 0.01 (default when money management = false).
- Risk Percent: 1.0% per trade.
- Max Lot Amount: Disabled (0).
➡ This setup provides conservative risk with small lot sizing, suitable for safe long-term trading.
🔹 Indicator Settings
- Dark Absolute Trend: Enabled with period 27.
- Signal Confirmation: Buy Bull Arrow & Sell Bear Arrow.
- Timeframe: Current chart timeframe.
➡ The EA relies on trend-following signals, aiming to capture market momentum while avoiding false entries.
🔹 Trading Hours & Days
- Time Filter: Disabled (trading allowed anytime).
- Trading Days: Monday to Friday active; Saturday & Sunday disabled.
➡ The EA trades during standard weekdays, avoiding weekend volatility and gaps.
🔹 Trading Directions
- Allow Buy & Sell: Enabled (both directions).
- Multiple Orders: True, but controlled by Magic Number filters.
➡ Ensures the EA can adapt to both bullish and bearish market conditions.
🔹 Trade Settings
- Max Buy/Sell Orders: 50 each.
- One Trade per Bar: Enabled (limits overtrading).
➡ Provides balance between order volume and risk exposure.
🔹 Grid Trading Settings
- Enable Grid: True.
- Lot Management: Lot Sum with multiplier 1.0.
- Distance Between Orders: 10 points.
➡ Dark Moon EA uses a grid trading approach, scaling into trades systematically, suitable for ranging or semi-trending markets.
🔹 Target & Risk Control
- Take Profit: 50 points.
- Stop Loss: 500 points.
- Trailing Stop: Disabled (optional).
- Close on Indicator Signal: True (closes trades when opposite trend detected).
➡ Conservative risk/reward ratio, but heavily supported by grid and indicator logic.
🔹 Loss Protection
- Max Daily Loss: 3000 units.
- Max Percentage Loss: 30%.
➡ Built-in equity protection to safeguard against extreme drawdowns.
🔹 Trade Closure Settings
- Friday Exit: True (closes trades before weekend).
- Forced Friday Night Close: Enabled at hour 23.
➡ Prevents exposure to unpredictable weekend gaps.
🔹 Graphic Settings
- Custom Comments, Panel, and Chart Button: Enabled for better monitoring.
✅ Conclusion
The Dark Moon EA combines trend-following logic with grid trading mechanics, making it versatile for different market conditions. Its conservative money management, daily loss protection, and flexible order system allow traders to balance profit potential with safety.
This EA is best suited for traders who prefer semi-automated grid strategies with robust risk control features. With optimized settings, it can perform effectively on major forex pairs, particularly during stable market hours.