Home Forex Service Review DYJ Average Directional Movement Index MT4 Review

DYJ Average Directional Movement Index MT4 Review

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DYJ Average Directional Movement Index MT4 was created by Daying Cao and was uploaded to the Experts section of the MQL5 marketplace on the 6th of March 2020, it has not received any updates since being uploaded as it was originally uploaded to the marketplace as version 2.51.

Overview

DYJ Average Directional Movement Index MT4 is an expert advisor that was developed to be used with the MetaTrader 4 trading platform. The EA is based on the ADX indicator and can be used on a large number of currencies and any timeframe.

Some of the key features of the EA:

  • Monitors all pairs at the same time.
  • The EA monitors the top 23 pairs by default, but you can select fewer pairs.
  • Monitors every timeframe, from 1 Min to Monthly.
  • It is a multi-currency EA that can be run from a single chart.
  • It allows you to set up a working time or a specific news time.
  • Usually, the winning rate of profit in three orders is above 95%.

The EA can currently work with the following currency pairs: GBPUSD, EURUSD, USDJPY, USDCHF, XAUUSD, USDCAD, GBPJPY, EURJPY, EURGBP, EURAUD, EURNZD, EURCAD, CADJPY, AUDUSD, AUDNZD, AUDCAD, AUDJPY, NZDJPY, NZDUSD, NZDCAD, GBPAUD, GBPNZD, GBPCAD, CHFJPY, NZDCHF, AUDCHF, EURCHF, USDSEK, USDNOK, USDZAR, USDDDK, USDCNH, USDHKD, USDPLN, and USDSGD.

There is also a range of settings that can be changed, these include the pairs to use, magic numbers, strategy settings, lots to use, stop losses, take profits, trailing stops, max spreads, max slippage, trading times, display settings and more.

Service Cost

The expert advisor can be purchased from the marketplace with a single payment of $425, this will allow you to activate the EA up to 5 times. There is also the option to rent the EA for various periods of time, for a one-month rental it will cost you $125, for three months it will cost you $250, for six months it will cost you $350 and for a year, it will cost you $375. A free demo version is available, but it is heavily limited and can only be used with the strategy tester within MT4 rather than on a live account.

Conclusion

Unfortunately, at the time of writing, there were no reviews, ratings or comments available for this EA, in fact, it had only had the demo downloaded 4 times which is very low and could be the reason why there are no reviews as no one has purchased it yet. This does mean that we do not know whether the EA is functioning how it was intended to function or what sort of support the developer will be offering. Due to this, we would strongly recommend that before you make a purchase or a rental, that you contact the developer with your questions and queries, so you can be sure that the creator will be around to offer support should you need it.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/46972

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