Dolphin EA MT4 v1.0 (Platform build 1441+)

Dolphin EA MT4: Hedging-Based Scalping with Adaptive Risk Control

Dolphin EA is a sophisticated Expert Advisor (EA) designed for MetaTrader 4 (MT4) that employs a hedging-based strategy to achieve frequent, small profits. It combines a conservative initial entry with advanced mechanisms to manage risk and recover from adverse market movements. The EA focuses on disciplined trading within specific hours and utilizes adaptable parameters to balance its aggressive daily profit targets with a defined maximum drawdown tolerance, aiming for consistent accumulation of gains.

🔹Vender Website: View here

Key Features of Dolphin EA

🔹Hedge-based Strategy: Uses a hedging mechanism, where it will initiate counter positions when the price moves significantly away from the open trade.
🔹Focus on Conservative Trading & Scalping: Start with small base lot sizes, ideal for initial testing with low risk and small accounts.
🔹Indicator Sensitivity Control: Allows for adjusting the Indicator Sensitivity, the EA’s basic indicators are set to be less reactive to market volatility, potentially reducing false signals.
🔹ATR-Based Volatility Measurement: To measure market volatility, can be used to dynamically adjust Stop Loss (SL) and Take Profit (TP) levels or filter trades.
🔹Time Filter Trading: Using the Time Filter feature allows the EA to trade only during specific optimal hours to avoid periods of low liquidity or high volatility.

Additional Features

🔹Unique Trade Identification: Use a Code to distinguish the EA’s trades from other trades on the same account, ensuring proper management.
🔹Aggressive Daily Profit Target: Having a Daily Profit Target indicates an ambition to achieve high daily profits.
🔹Defined Maximum Drawdown: Allows the EA to take a defined percentage of losses before taking corrective action, reflecting its risk tolerance.
🔹Dynamic Lot Size Adjustment Potential: Although initially conservative, the hedging mechanism implies the potential for gradual expansion of positions through hedging cycles.

Dolphin EA MT4 Review

Dolphin EA demonstrates steady growth and strong performance in real trading conditions. As proven by the live Myfxbook results, Dolphin EA is designed for real market performance, far exceeding theoretical backtesting. It demonstrates a steady capital growth curve and effective drawdown management, making it a reliable choice for traders looking for steady capital growth.

✅ Gain: +5.05%
✅ Deposits: $1,009
✅ Withdrawals: $1,060
✅ Monthly: 3.06%
✅ Drawdown: 1.06%

The Myfxbook results for the Dolphin EA, spanning from October 2020 to December 2020, present a picture of a low-risk, steady-growth Expert Advisor (EA), at least during this tracked period.

Dolphin EA MT4 Myfxbook Results

Dolphin EA Myfxbook Results

Why use Dolphin EA MT4?

🔹Controlled Initial Risk: Makes it easy to access for beginners and small accounts, allowing experimentation with minimal capital risk.
🔹Reduced Strategic Risk (Time & Hedging): The use of a time filter helps avoid unwanted market conditions, while the hedging mechanism is designed to manage and recover from adverse price movements.
🔹Focus on Small Steady Profits: By targeting small frequent profits, the EA aims to accumulate steady profits, which can be a valuable strategy for steady account growth.
🔹Adapt to Market Volatility: The integration of ATR shows the ability to adapt to changing market volatility, potentially optimizing trading decisions based on current conditions.
🔹Transparency through Alerts: Enabling alerts provides traders with real-time insights into the EA’s performance, facilitating monitoring and informed decision making.

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

✅ Experts: Dolphin EA v1.0_fix.ex4

Conclusion

In short, Dolphin EA is a well-crafted Expert Advisor (EA) for MetaTrader 4 (MT4) that blends conservative risk management with a hedging-based strategy to target small, consistent profits. Ideal for both beginners and experienced traders, Dolphin EA emphasizes low-risk entries, time-filtered executions, and volatility-based decision-making to ensure trades are placed under optimal conditions. Its unique use of ATR volatility measurements, combined with adjustable indicator sensitivity and hedging recovery mechanics, enables it to remain adaptive and resilient in dynamic market environments.