Description
Daytrade Pro Algo EA V2.80 MT4
Overview
The Daytrade Pro Algo EA V2.80 is an expert advisor (EA) designed for MetaTrader 4 (MT4). Developed by Profalgo Limited, this algorithmic trading system offers several key features:
- Broker Independence: It works with various brokers.
- Spread Independence: The EA adapts to different spreads.
- Stable Backtests: Real variable spread tests show consistent results on MT4, MT5, and TDS2 platforms across multiple brokers.
- Robust System: 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. Here’s how it works:
- Entry Points: Price tends to gravitate toward these highs and lows, creating profitable opportunities.
- Risk Management:
- Stop Loss (SL) and Take Profit (TP): Each trade has predefined SL and TP levels.
- Trailing Stoploss: To maximize profits and minimize losses.
- Trade Frequency: Approximately 10 trades per week.
Recommended Settings
- Minimum Balance: Start with at least $100 better to start with $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 lot size using the recommended risk levels.
- Backtest each pair separately on the M1 timeframe (disable “OneChartSetup” for backtesting).
You can check more on –
How to Get Started
- Download :
- Download Daytrade Pro Algo EA V2.80 from the provided link. https://www.yoforex.org/product/daytrade-pro-algo-ea-v2-80/
- Visit our website https://www.yoforex.org/ for additional resources and insights.Contact: @yoforexpremium
Reviews
There are no reviews yet.