![\"\"](\"https:\/\/budgetforex.com\/wp-content\/uploads\/2024\/10\/Screenshot-1329.png\")
<\/p>\n
Welcome to DayTrade Pro Algo!\u00a0 After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs:<\/p>\n
- \n
- It is broker independent<\/li>\n
- It is spread independent<\/li>\n
- It shows very stable backtestests using real variable spread tests with ease, on MT4,MT5, TDS2, and on multiple brokers<\/li>\n
- Hundreds of different settings all give profitable results in testing (but ofcourse I selected the best ones!)<\/li>\n
- Very robust system -> settings are interchangeable, so running EURUSD with settings from USDJPY will still be profitable.<\/li>\n
- Runs already on 13 pairs:\u00a0EURUSD;GBPUSD;USDJPY;AUDUSD;XAUUSD;GBPJPY;USDCAD;EURJPY;EURNZD;EURAUD;NZDUSD;AUDJPY;CHFJPY;<\/li>\n<\/ul>\n\n
This EA trades price action around major daily support and resistance levels.\u00a0 Price tends to be \u201csucked\u201d into these highs and lows, and thus there are profits to be made at those zones.<\/p>\n
This algorithm uses a SL and TP on each trade, and also uses a trailing stoploss to maximize profitable trades, and minimize the losing trades.<\/p>\n
It will trade about 10 trades per week.<\/p>\n
How to run the EA:<\/u><\/b><\/p>\n
Simply open a EURUSD Daily chart, enable the \u201cOneChartSetup\u201d in the parameters and set your lotsize.<\/p>\n
I recommend using the \u201cMax Risk Per Pair\u201d for Lotsize Calculation Method.<\/p>\n
For low risk, I recommend using Max Risk Per Pair = 3<\/p>\n
For Medium risk, I recommend using\u00a0Max Risk Per Pair = 7<\/p>\n
For High Risk, I recommend using\u00a0Max Risk Per Pair = 15<\/p>\n
How to backtest the EA:<\/u><\/b><\/p>\n
Run on each pair separately, M1 timeframe with the \u201cOneChartSetup\u201d disabled in the parameters.<\/p>\n
Use \u201copen prices only\u201d or \u201ccontrol points\u201d for tickquality.\u00a0 The EA doesn\u2019t need \u201cevery tick\u201d to get reliable backtest results, because of the nature of how the EA manages trades.<\/p>\n
Ofcourse you can check yourself to see that the difference with \u201cevery tick\u201d is minimal.<\/p>\n
Recommended minimum balance:<\/u>\u00a0400$<\/p>\n
Parameter overview:<\/u><\/b><\/p>\n
ShowInfoPanel: enable the infopanel on the chart
Adjustment of infopanel size: for high-resolution screens you can increase the size of the infopanel here
update infopanel during testing: recommended to disable for faster backtesting
UseOneChartSetup: enable running all pairs from a single chart
OneChartSetup -> pairs to run: set all the pairs you want to run
Use Virtual Expiration: enable if your broker doesn\u2019t allow expiration date on pending orders
Magicnumber
comment for trades: the comment to be used on your trades
Lotsize Calculation method: choose either fixed lotsize (startlots) or automatic lotsize (using lotsizeStep)
Startlots: the manual fixed lotsize you want to run
LotsizeStep: the stepsize for lotsize increments (so LotsizeStep=500 means 0.01lots for each 500$ in the account)
Use Equity instead of Balance: which to use for lotsize calculations
OnlyUp: this will prevent lotsize decreasing after losses (for faster recovery)<\/p>\n\nI just had to add this text as well after seeing a strange trend occur amongst sellers on MQL5.\u00a0 Here is a fair insight:<\/u><\/b><\/p>\n
This EA does not use ChatGPT, neural networks that mimic the human brain, AI from Mars Space Shuttle, or anything else of the many fake descriptions sellers are putting on their EA\u2019s product page.<\/p>\n
Be smart, don\u2019t fall for the holy grail traps.\u00a0 There are no such things.<\/p>\n
Trading bots don\u2019t make profits in straight lines either.\u00a0 So backtests without losses are manipulated 100%.<\/p>\n
I develop real trading strategies, which will make a loss as well during some periods.\u00a0 I\u2019m honest about what I develop and sell, and I am not trying to trick you.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Daytrade Pro Algo v3.30 Content:\u00a0Expert:\u00a0Daytrade Pro Algo_fix.ex4 v3.30\u00a0(Unlocked for MT4 Build 1422+),\u00a0Presets, How to install MT4 files.pdf Welcome to DayTrade Pro Algo!\u00a0 After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independent It shows […]<\/p>\n","protected":false},"featured_media":6034,"template":"","meta":[],"product_brand":[],"product_cat":[860,732],"product_tag":[],"class_list":{"0":"post-6032","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-experts","7":"product_cat-indicator","9":"first","10":"instock","11":"sale","12":"shipping-taxable","13":"purchasable","14":"product-type-simple"},"_links":{"self":[{"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/product\/6032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/media\/6034"}],"wp:attachment":[{"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/media?parent=6032"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/product_brand?post=6032"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/product_cat?post=6032"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/fxex4.com\/shop\/wp-json\/wp\/v2\/product_tag?post=6032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}