In the fast-moving waters of the forex market, traders need a tool that can swim through volatility with grace and agility. Dolphin EA V1.0 MT4 is designed to do just that — combining smooth trend detection, adaptive trade management, and disciplined risk control to help traders capture opportunities across multiple currency pairs.
Whether you’re looking for an all-day scalper, a swing-trading assistant, or a reliable addition to your prop-firm strategy, Dolphin EA V1.0 MT4 offers a fluid, market-responsive approach that balances profitability with safety.
What Is Dolphin EA V1.0 MT4?
Dolphin EA V1.0 is an Expert Advisor for MetaTrader 4 that uses a hybrid trading strategy combining trend-following indicators, momentum filters, and volatility-based entry logic. The name “Dolphin” reflects its ability to adapt quickly, avoiding dangerous waters (high-risk market conditions) while taking swift action when conditions are favorable.
How Dolphin EA Works
- Market Scanning:
Continuously checks selected pairs for trend alignment, price momentum, and volatility ranges. - Smart Entry Logic:
Opens trades only when technical filters confirm high-probability setups, reducing false entries. - Dynamic Lot Sizing:
Can use fixed lots or equity-based risk % to manage position size automatically. - Adaptive Exits:
Closes trades using a mix of fixed take-profit, trailing stop, and volatility-triggered exits. - Risk Management Filters:
Built-in spread control, maximum open trades, and equity stop-loss protections.
Key Features
- Multi-Pair Support – Works on major, minor, and even some exotic pairs.
- Adjustable Risk Control – Set fixed lots or percentage-based position sizing.
- Trend + Momentum Filters – Avoids low-quality trades.
- Built-In Spread Filter – Prevents entry during widened spreads.
- Trailing Stop Option – Locks in profits during extended moves.
- Session Filters – Focuses on high-liquidity market hours.
- VPS Optimized – Runs efficiently for 24/5 automated trading.
- No Martingale, No Grid – Pure strategy logic with controlled risk.
Recommended Settings
- Pairs: EURUSD, GBPUSD, USDJPY for stability; can test others.
- Timeframes: M15 for intraday trading, H1 for swing trades.
- Minimum Deposit: $300+ for micro/cent accounts; $1,000+ for standard accounts.
- Leverage: 1:100–1:500.
- Risk Per Trade: 1–2% for steady growth.
- Broker Type: Low-spread ECN broker.
Installation Guide
- Download Dolphin EA V1.0 MT4.
- Open MT4 → File → Open Data Folder → MQL4 → Experts.
- Paste the EA file into Experts.
- Restart MT4 or refresh the Navigator window.
- Attach the EA to your desired chart and timeframe.
- Set lot size, risk parameters, and trading filters.
- Enable AutoTrading (ensure the smiley face is active).
Backtesting & Live Testing Tips
- Use Every Tick model for accurate backtest results.
- Apply realistic broker spreads and commissions.
- Test over at least 12 months to cover different market conditions.
- Forward test in a demo account for 2–4 weeks before going live.
Why Traders Like Dolphin EA V1.0 MT4
- Adaptive, market-aware strategy that avoids overtrading.
- Strong focus on capital preservation while seeking steady returns.
- Works for both manual oversight and full automation.
- Compatible with prop-firm daily drawdown rules.
Final Thoughts
The Dolphin EA V1.0 MT4 is a versatile trading robot that thrives in both trending and ranging markets by adapting its entry and exit logic in real-time. Its smooth, calculated approach makes it a solid choice for traders seeking a balance between profitability and safety.