Daytrade Pro Algo EA V2.61 MT4 NoDLL with SetFiles

Description

Daytrade Pro Algo EA V2.61 MT4 NoDLL with SetFiles

Overview:

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

Key Features:

1. 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.
2. 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.
3. 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.
4. Timeframe:
   • The recommended timeframe for this EA is Daily.
   • It operates based on daily price patterns and levels.
5. 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.

 

• Availability: You can download this EA from our website:  https://yoforex.org/product/daytrade-pro-algo-ea-v2-61-mt4-nodll-with-setfiles/
• Telegram Channel: Join our Telegram channel for updates and discussions:  https://t.me/yoforexrobot

 

Remember to download the EA from our website and join our Telegram channel for real-time updates and discussions.

 

📈🤖Happy Trading 📈🤖