Dealer Lots Manager Expert Adviser

Dealer Lots Manager Expert Adviser Review and Notes from www.Mo4Forex.com — Just started testing out a Forex script called Dealer Lots Manager DLMv 1.3, an expert Adviser in Meta Trader 4. And boy, what a rollercoaster this is. I’ve read over a few times the brief explanation about the settings and features of this EA, but I can’t seem to find settings that will make it backtest without depleting my margin.

Here’s just one of many examples, one of many combinations of settings that usually all look like this. Dozens of backtests all failiures within a few trades; not just failiures, money GONE.

However, determined not to be discouraged by this expert adviser, I am testing it live on some trades and it has in fact helped me gain almost $1000 this morning so far! But if you look closely, the EA has opened up for me at least 10 pending orders which isn’t too crazy except look at the lot sizes! Maybe I am missing a setting in the properties for this EA, but I set lot size start 0.1 and step .1, how does that translate into doubling the lot size of each new position? Please comment me back an answer to this if you have one.

That’s pretty scary huh? Especially for those of us with $10,000 accounts! They’ve opened 3 positions that are 100 lots each! I never tried to take out a pending order so big, but I’m sure I’ll get hit with “NOT ENOUGH MONEY” message really soon. It’s also a pain to go in one by one and delete all of these trades. So, I doubt positions are very viable or useful in complete automatic mode “Live Trading Enabled,” therefore live trading will be turned off for this Forex EA Dealer Lots Manager for now, but I will allow for manual confirmation of these entries and determine whether or not to take the trade on a number of different factors, not just what this indicator says. I’d love for someone familiar with this EA to write back to me and tell me what settings you had the most success with.

The positions that it did open for me resulted in a few gains, but it’s still impossible to walk away from the computer and trust Dealer Lots Manager to not open a 10 lot position that would wipe most of us out even with a tiny retracement against us. Ok, hope this helped, happy trading Guys.

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