Daytrade Pro Algo EA V2.80

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:

1. Broker and Spread Independence: The EA works across different brokers and is not affected by varying spreads.
2. Stable Backtests: It demonstrates stable backtest results using real variable spread tests on MT4, MT5, TDS2, and multiple brokers.
3. 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

1. Open a EURUSD daily chart.
2. Enable the “OneChartSetup” parameter.
3. 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 –

yoforex.org

fxcracked.org

forexfactory.cc

yoforexea.com

mql5.software

Download and Installation

You can download the Daytrade Pro Algo EA V2.80 from the official website: Follow these steps:

1. 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