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Forex Dominance is an MT5 expert advisor for major forex pairs on the 30-minute and 1-hour charts. It has a built-in news filter, several position sizing modes, a trailing stop and an equity drawdown limit.
Get one message the moment it launches, with its price.
Forex Dominance is an expert advisor for MetaTrader 5 that trades forex pairs on the 30-minute and 1-hour charts. It combines automated entries with a configurable news filter, several ways to size positions and a choice of stop loss methods.
The EA analyses price data on the chart it is attached to and looks for entries that follow the prevailing move, using volume information as part of its decision. The store lists it under trend, grid and volume strategies, so it is sensible to watch how it manages open positions in the strategy tester and on a demo account, including whether it opens more than one trade in the same direction. Exits are controlled by a stop loss, a take profit and an optional trailing stop.
The filter uses the economic calendar built into MT5, so no web links or extra files are needed. You can switch it on or off, set the minimum impact level (low, medium or high) and choose how many minutes before and after an event new trades are blocked.
The risk mode decides how volume is calculated. Options include the default internal calculation, a fixed lot, the minimum lot, and a percentage of equity, balance, free margin or credit. The risk value is read according to the mode you select.
The take profit is a multiple of the stop distance, so a coefficient of 1.0 gives a target equal to the stop and 2.0 gives twice the stop.
It is intended for forex pairs, for example EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY and GBP/JPY. The suggested timeframes are M30 and H1. Spreads, commissions and symbol suffixes differ by broker, so check them before running it.
| Group | Setting | Purpose |
|---|---|---|
| News | News enable, importance, minutes before and after | Blocks new trades around calendar events |
| Risk | Risk value and risk mode | Sets how lot size is calculated |
| Risk | Trailing stop and trailing level (%) | Follows price to protect open profit |
| Risk | Equity drawdown limit (%) | Stops new trades at a set drawdown; 0 disables it |
| Exits | SL type and SL deviation (points) | Defines the stop loss distance |
| Exits | TP coefficient for SL | Sets take profit as a multiple of the stop |
Default values are not listed here, so review them in the input window and tune them in the tester for your broker and symbol.
Trading carries risk and you can lose part or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account first, choose a lot size you can afford and use the drawdown limit if you want a hard cap on new trades.
For continuous operation, run the terminal on a VPS so that it stays connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Trend, Grid, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Markets | Forex majors and crosses, such as EUR/USD, GBP/USD and USD/JPY |
| Timeframes | M30 and H1 |
| Trade style | Trend-based entries with volume input; check position behaviour in the tester |
| News filter | Built-in MT5 economic calendar, adjustable impact and time window |
| Stop loss types | Swing, average range, max range, fixed points |
| Requirements | Algo trading enabled; a VPS is advised for continuous running |
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No. It is an MT5 expert advisor and will not run on MetaTrader 4. You need a MetaTrader 5 terminal and a broker account that supports it.
It is designed for forex pairs such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY and GBP/JPY, on the 30-minute and 1-hour charts. Test any other symbol on a demo account before using it.
Copy the expert file into the MQL5/Experts folder through File > Open Data Folder in MT5, restart the terminal or refresh the Navigator, attach the EA to a chart of your chosen pair, and make sure Algo Trading is switched on. Also allow WebRequest or calendar access if your terminal asks for it.
No. The filter reads the economic calendar that is built into MetaTrader 5. You choose the minimum impact level and how many minutes before and after an event new trades are blocked.
An expert advisor only trades while the terminal is running and connected, so a VPS or an always-on computer is strongly advised. A stable connection matters most if you use the news filter and trailing stop.
Test it on a demo account first, for a week or two, to see how it behaves with your broker's spreads, execution and symbol names. Trading carries risk and past results do not predict future ones.
Forex Dominance
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