Nasdaq100 Algo Trading EA MT4 V1.1 – With Setfiles

Nasdaq100 Algo Trading EA for MT4 by Lo Thi Mai Loan

Introduction

The Nasdaq100 Algo Trading EA for MetaTrader 4 (MT4) is a robust and sophisticated Expert Advisor developed by Lo Thi Mai Loan. With over 13 years of programming and trading experience, the EA was designed to offer stable and consistent profits over the long term. Unlike many trading bots that rely on risky strategies like Martingale, Grid, or Hedging, this EA focuses on price action and precision entries, using an efficient risk management system. The result is an algorithm that can deliver stable returns without exposing your account to excessive risk, making it ideal for traders looking for consistent growth in the NASDAQ market.

The EA is available on CheaperForex.com and stands out as a trusted and reliable solution for traders aiming to capitalize on the volatile but lucrative Nasdaq100 market.

Description: How Nasdaq100 Algo Trading EA Works

The Nasdaq100 Algo Trading EA employs a unique price action strategy based on the Dravas breakout mindset, focusing on capturing breakouts and trend movements in the Nasdaq100 index. Here’s a breakdown of how the EA operates:

1. Risk-Averse Trading Strategy
   The EA uses a conservative approach to trading by setting a fixed stop loss for each position. Unlike many EAs that use grid or martingale systems, the Nasdaq100 Algo Trading EA opens only one trade at a time, minimizing risk and exposure. It employs a tight risk-reward ratio (RR), and take profits (TP) can vary, ranging from 0.2 to 2 RR. This means that trades are quickly closed in profit to capture short-term market movements effectively.
2. Dravas Breakout Entry Points
   The EA identifies breakouts and potential entry points based on the Dravas breakout trading approach, focusing on key levels of support and resistance. This ensures that entries are based on strong technical foundations, with the potential for price to make a decisive move in a specific direction.
3. Prop-Firm Friendly Features
   The EA is designed with features that make it suitable for prop trading firms, including:
   • Drawdown Management: Limits drawdowns to protect account equity.
   • News Filters: Allows you to avoid trading around high-impact news events.
   • Trading Session Controls: Traders can specify trading hours to match preferred market sessions, like New York or London.
4. Three Modes of Strategy
   The EA offers three different strategy modes, with customizable settings to suit various trading styles. Each mode comes with its risk settings, take-profit targets, and trade management rules, providing flexibility for both conservative and aggressive trading approaches.
5. Regular Algorithm Updates
   The EA’s algorithm is updated regularly based on market conditions and user feedback, ensuring that it stays optimized and responsive to current trading environments.

Trading Specifications: Recommended Pairs, Timeframe, and Minimum Balance

• Recommended Pairs: The EA is optimized for Nasdaq100-related pairs like Nas100, USTech, US100. It can also be used on US30 or DJ30 (Dow Jones), though these are not the primary focus.
• Timeframe: Best results are seen on the M15 (15-minute chart), which balances short-term market movements and signal accuracy.
• Spread and Broker Requirements: To achieve optimal performance, a broker that offers 2-digit spreads between 50-100 on Nasdaq100 pairs is recommended.
• Minimum Deposit: The EA is flexible in terms of capital requirements, with no specific minimum deposit required. The minimum balance depends on your broker’s specifications, and the EA adapts well to both small and large accounts.

Backtesting Results and Live Performance

Backtesting: 2020-2024 (1.3% and 3% Risk Per Trade)

The EA has undergone extensive backtesting from 2020 to 2024, with two key risk profiles:

1. 1.3% Risk Per Trade
   • Initial Deposit: $1,000
   • Total Net Profit: $121,708.03
   • Profit Factor: 2.69 (indicating solid profit generation compared to losses).
   • Drawdown: Maximum relative drawdown of 9.61%, showcasing low-risk exposure.
   • Winning Trades: An impressive 85.02% of trades were profitable, highlighting the EA’s precision in trade entries and exits.
   • Profit Consistency: The balance curve from the backtest shows a steady, upward growth, indicating a consistent and reliable performance.
2. 3% Risk Per Trade
   • Initial Deposit: $1,000
   • Total Net Profit: $1,251,451.94
   • Profit Factor: 2.53, demonstrating high profitability even with an increased risk profile.
   • Drawdown: The relative drawdown increased to 18.52%, which is expected given the higher risk per trade.
   • Winning Trades: A win rate of 84.83%, providing a balance between aggressive gains and disciplined risk management.

Both backtests clearly demonstrate the EA’s ability to adapt to different risk profiles while maintaining steady profits and controlled drawdowns.

Live Performance Signal

The EA has also proven its reliability in live market conditions with a verified signal:

• Account Growth: 39.3% growth since the start of 2024.
• Consistent Monthly Performance: With average returns of 4.78%, the EA demonstrates steady profitability.
• Maximum Drawdown: The drawdown remained controlled at 35.4%, well within acceptable risk parameters for most traders.
• Equity and Balance Growth: The account’s equity and balance have shown a steady upward trend, confirming the backtested results and proving its live market capabilities.
• Profitable Trades: An 84% win rate over the live performance period, reinforcing the EA’s effectiveness.

Inputs and Customizable Parameters

The Nasdaq100 Algo Trading EA allows traders to customize and optimize trading to their preferences with several parameters:

• Risk Management Settings: Choose between fixed lot sizes or adjust based on account balance with percentage-based risk settings.
• Prop Settings: Control drawdowns effectively with maximum allowable drawdown settings.
• Smart Money: Activate features like trailing stop loss, trailing take profits, and step in points to adapt to different market conditions.
• Trading Times and News Filter: Traders can specify trading windows and use the news filter to avoid entering trades before and after high-impact economic events.

These inputs allow traders to fully customize the EA based on their risk tolerance, trading style, and market preferences.

Our Thoughts

The Nasdaq100 Algo Trading EA is a standout solution for traders looking for stable, consistent growth in the Nasdaq100 market. Its price action-driven strategy and disciplined risk management ensure that traders are not exposed to excessive risk, making it suitable for both conservative and aggressive traders. The high win rate, flexibility of inputs, and user-friendly settings make it an excellent choice for anyone seeking to automate their Nasdaq trading.

The fact that the EA does not use risky strategies like Martingale, Grid, or Hedging is a major plus, as it offers a risk-averse approach while still capturing significant profits.

User Reviews

The EA has started to gain recognition for its stability, performance, and transparency:

• johnny_trades: “The Nasdaq100 Algo Trading EA is a great addition to my portfolio. The risk settings are clear, and I appreciate the news filter. It’s been performing well in live markets.”
• tech_analysis101: “Love how customizable the settings are. I’ve been running it on a $5000 account with conservative risk, and the returns are impressive!”
• nasdaq_enthusiast: “Finally, an EA that understands the Nasdaq market! The backtests align with my live results, and the drawdown control is a lifesaver.”

Conclusion

The Nasdaq100 Algo Trading EA for MT4, developed by Lo Thi Mai Loan, stands as a powerful automated trading tool for traders who want to capitalize on the lucrative opportunities within the Nasdaq100 market. With its adaptable inputs, multiple strategy modes, and risk-focused approach, it is an EA that caters to both new and experienced traders alike. The backtested and live performance data support its ability to deliver steady profits while maintaining drawdown control.

Whether you’re looking for a conservative, steady growth or want to take advantage of higher risk-reward strategies, this EA can adapt to your needs. Start automating your Nasdaq trading journey today with the Nasdaq100 Algo Trading EA, available now on CheaperForex.com.