Daytrade Pro Algo EA V2.80
Overview
The Daytrade Pro Algo EA V2.80 is an EA designed for M4. Developed by Profalgo Limited, this algorithmic trading system offers several key features:
- Broker and Spread Independence: The EA works across different brokers and is not affected by varying spreads.
- Stable Backtests: It demonstrates stable backtest results using real variable spread tests on MT4, MT5, TDS2, and multiple brokers.
- Robust System: The settings are interchangeable, allowing profitable trading even when using settings from different currency pairs.
Trading Strategy
The EA employs a price action strategy around major daily support and resistance levels. It capitalizes on price movements near these zones, aiming for profits. Here’s how it works:
- Entry Points: The EA identifies areas where price tends to be “sucked” into highs and lows (support and resistance levels).
- Risk Management: Each trade has a stop loss (SL) and take profit (TP). Additionally, a trailing stop is used to maximize profitable trades and minimize losses.
- Trade Frequency: Expect around 10 trades per week.
Recommended Settings
- Minimum Balance: You can start with $100, A recommended minimum balance of $400.
- Lot Size Calculation:
- Low Risk: Max Risk Per Pair = 3
- Medium Risk: Max Risk Per Pair = 7
- High Risk: Max Risk Per Pair = 15
How to Run the EA
- Open a EURUSD daily chart.
- Enable the “OneChartSetup” parameter.
- Set your desired lot size using the “Max Risk Per Pair” method.
Backtesting
- Run backtests on EURUSD daily charts.
- Use “1-minute OHLC” for tick quality.
- The EA doesn’t require “every tick” due to its trade management approach.
Available Pairs
The EA currently runs on the following 13 currency pairs:
- EURUSD
- GBPUSD
- USDJPY
- AUDUSD
- XAUUSD
- GBPJPY
- USDCAD
- EURJPY
- EURNZD
- EURAUD
- NZDUSD
- AUDJPY
- CHFJPY
You can check more on –
Download and Installation
You can download the Daytrade Pro Algo EA V2.80 from the official website: Follow these steps:
- Visit the download page https://www.fxcracked.org/product/daytrade-pro-algo-ea-v2-80/
Visit our website https://www.fxcracked.org/ for additional resources and insights.
Contact: @yoforexpremium
😎💫Happy Trading💫😎
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