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Daytrade Pro Algo EA V2.61

Original price was: $599.00.Current price is: $0.00.

Unlock the power of Daytrade Pro Algo V2.61 an expert advisor for Meta Trader 4 (MT4). This EA operates without the need for external DLLs, ensuring seamless performance. It comes with pre-configured set files for optimal trading. Trade confidently on currency pairs like EURUSD, GBPUSD, EURGBP, USDCAD, and XAUUSD. With a minimum deposit of $100, you can access this robust algorithmic trading solution. Get ready to elevate your trading game.

Description
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Description

Daytrade Pro Algo EA V2.61 MT4

Overview:

Algorithm Type: Price action-based trading system.
Platform: Meta Trader 4 (MT4).
Version: 2.61.

Key Features:

Strategy Focus:
- The EA capitalizes on price movements around major daily support and resistance levels.
- These critical zones tend to attract price, creating profitable opportunities.
Risk Management:
- Stop Loss (SL) and Take Profit (TP):
  - Each trade is equipped with predefined stop loss and take profit levels.
  - This ensures controlled risk exposure.
- Trailing Stop Loss:
  - The algorithm employs a trailing stop to maximize profits and minimize losses.
  - As the trade moves in favor, the stop loss dynamically adjusts to lock in gains.
Minimum Deposit:
- To start using the Daytrade Pro Algo EA, you need a minimum deposit of $200.
- This ensures that you have sufficient capital to engage in trading activities.
Timeframe:
- The recommended timeframe for this EA is Daily.
- It operates based on daily price patterns and levels.
Currency Pair:
- The EA is optimized for trading the XAUUSD (Gold/US Dollar) currency pair.
- Gold is known for its stability and liquidity, making it suitable for algorithmic trading.

How the EA Takes Trades:

The strategy revolves around identifying price action near significant support and resistance levels.
When price approaches these levels, the EA looks for specific patterns or behavior.
Trades are executed based on the following criteria:
- Buy Trades:
  - If price bounces off a major support level, indicating potential upward movement, the EA enters a buy position.
- Sell Trades:
  - If price reacts to a major resistance level, signaling possible downward movement, the EA enters a sell position.
- Risk Management:
  - The predefined stop loss and take profit levels ensure controlled risk.
  - The trailing stop adapts to market conditions, securing profits as the trade progresses.