Daytrade Pro Algo MT4 V2.61

DayTrade Pro Algo EA for MT4: Elevate Your Trading Strategy

Introduction

Introducing DayTrade Pro Algo EA for MT4, a cutting-edge automated trading system born from years of meticulous market analysis and algorithmic refinement. This Expert Advisor (EA) transcends conventional boundaries, delivering unparalleled performance and versatility across various market conditions. Available exclusively at CheaperForex.com, DayTrade Pro Algo EA is designed to reshape your trading experience with its robust strategy and adaptive algorithms.

Strategy Overview

DayTrade Pro Algo EA employs a sophisticated trading strategy centered around price action near major daily support and resistance levels. By leveraging these critical market zones, the algorithm identifies lucrative trading opportunities with precision. The EA operates using two main systems: the first focuses on scalping, while the second uses time-based dependency to open up to two trades at a time. This dual-system strategy has been rigorously tested and optimized to ensure maximum profitability and minimal risk.

The core of DayTrade Pro Algo lies in its ability to execute trades based on the gravitational forces around daily highs and lows, pinpointing the best moments to enter and exit the market. With extensive backtesting across multiple platforms and broker environments, the EA has demonstrated remarkable stability and consistency.

Trading Specifications

• Platform: MetaTrader 4 (MT4)
• Recommended Pairs: Versatile across various pairs including EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD, GBPJPY, USDCAD, EURJPY, EURNZD, EURAUD, NZDUSD, AUDJPY, and CHFJPY.
• Timeframe: Daily (D1)
• Minimum Balance: No strict minimum balance required, but recommended to use an ECN account with low spread and commission for optimal results.

Key Features

• Price Action Trading: Focuses on major daily support and resistance levels to identify profitable trades.
• Stop Loss and Take Profit: Each trade includes predefined SL and TP levels for risk management.
• Trailing Stop Loss: Optimizes profitable trades and minimizes losses by dynamically adjusting the stop loss.
• Frequent Trading: Executes approximately 10 trades per week to maximize profit opportunities.
• Intelligent Money Management: Protects your profits and manages your risk with advanced algorithms.
• Drawdown Protection: Limits drawdown to safeguard your investment.
• High Spread Protection: Prevents trades during unfavorable market conditions.
• Advanced News Filter: Avoids trading during high-impact news events to reduce risk.
• Broker Spy Module: Monitors broker behavior to ensure fair trading conditions.
• Stealth Mode: Conceals trading strategy from brokers.

Live Real Account Signal

DayTrade Pro Algo has shown impressive performance on live accounts, achieving over 515% growth with only a 14% drawdown using a legitimate broker (ICMarkets). This live signal underscores the EA’s effectiveness and reliability in real-world trading conditions.

How to Implement the EA

1. Open a EURUSD Daily Chart: Start by opening a EURUSD chart on the daily (D1) timeframe.
2. Enable “OneChartSetup”: In the parameters, enable the “OneChartSetup” to run all pairs from a single chart.
3. Set Lot Size: Adjust your lot size based on your risk appetite using the recommended settings.

Recommended Lot Size Step

• Low Risk: LotsizeStep = 1000 or higher
• Medium Risk: LotsizeStep = 700
• High Risk: LotsizeStep = 500

(Note: Adjust these values for different account currencies as needed.)

Backtesting Guidelines

• Timeframe: Run backtests on each pair separately using the M1 timeframe.
• Disable “OneChartSetup”: For backtesting, disable this parameter.
• Use “Open Prices Only” or “Control Points”: Choose these options for tick quality during backtests.

Parameter Overview

• ShowInfoPanel: Enables the information panel on the chart.
• Infopanel Size Adjustment: Adjust the size for high-resolution screens.
• Update Infopanel During Testing: Recommended to disable for faster backtesting.
• UseOneChartSetup: Runs all pairs from a single chart.
• Pairs to Run: Set all the pairs you want to include.
• Use Virtual Expiration: Enable if your broker doesn’t allow expiration dates on pending orders.
• MagicNumber: Unique identifier for trades.
• Comment for Trades: Add comments to trades for tracking.
• Lotsize Calculation Method: Choose between fixed lot size (start lots) or automatic lot size (using LotsizeStep).
• StartLots: Manual fixed lot size.
• LotsizeStep: Step size for lot size increments.
• Use Equity Instead of Balance: Choose equity for lot size calculations.
• OnlyUp: Prevents lot size decrease after losses for faster recovery.

Final Verdict

DayTrade Pro Algo EA for MT4 is a powerful and reliable tool designed to enhance your trading strategy. Its dual-system approach, advanced risk management features, and comprehensive parameter settings make it an ideal choice for both novice and experienced traders. Available exclusively on CheaperForex.com, DayTrade Pro Algo EA offers a unique blend of innovation and practicality, ensuring consistent profitability across dynamic market scenarios.

Invest in DayTrade Pro Algo EA today and experience the future of automated trading. With its proven performance, robust features, and ease of use, this EA is set to transform your trading experience and deliver exceptional results.