Dodger is currently located within the Experts section of the MQL5 marketplace, it was developed by Aleksandr Kudria and uploaded to the marketplace on the 15th of March 2020, it received an update on the 11th of April 2020 which brought the software up to version 2.0.
Dodger is an expert advisor that was created for the MetaTrader 4 trading platform, the EA was created for use with the EURUSD currency pair and will use the H4 timeframe. The EA works 24 hours a day and is fully automated, so no user input is needed once it has been set up. The entry positions for the EA are determined from the analysis fro various indicators, these are the TMA (triangular moving averages),
The EA does not use grid systems or the martingale strategy which is good as these are both very risky strategies that regularly cause people to blow their accounts. It is also advised that you use a VPOS to host your trading client to allow for 24/7 trading with no potential downtime. The EA will also work with both4 and 5 digit brokers. The take profits and stop losses used by the EA are hidden from the broker to avoid any dodgy behaviour.
In terms of parameters, there are a few available to toggle, these will slightly alter the way that the Ea functions. Some of the parameters include the visual mode, magic numbers, the lot size for manual mode, the mode to use to calculate the lot sizes, options for the TMA signals 1,2, and 3, and some more options are available too.
There is a small note at the bottom of the description that reads: “This version of the adviser contains a limitation of the parameter of number simultaneously open orders and Index AutoLotSize to reduce the maximum drawdown.” This indicates that there may be another version of this EA somewhere.
The Dodger EA s a very expensive one, you can purchase it with a single payment of $2,882 which will price out a lot of people who use EAs to trade, the rental option available is far more reasonable and seems to be the way that the developer wants the Ea to be used, it will cost you $30 to rent the EA for one month. Whichever way you get it, you will be able to activate the Ea up to 5 times.
There is also a free demo version, this has a lot of limitations and can only be used with the strategy tester within the MT4 platform rather than trying it out on an actual live account.
There are currently no reviews or rating available for the Dodger EA which make sit hard for us to judge the quality of both the Ea and the support that the developer may provide. The rental option is far more accessible, even so, we would still advise that you contact the creator with any questions so you can be sure that it will function how you need it to and that they will be around to offer you support should you require it.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47283