The DayTrade Pro Algo is a product of extensive research and programming, resulting in a trading system that is both broker and spread independent. This Forex Algorithm employs a variety of day trading strategies, yielding stable backtests on multiple platforms such as MT4, MT5, and TDS2.
Algorithmic Flexibility
The algorithm incorporates hundreds of different settings, all yielding profitable results in tests. This robust system offers interchangeable settings, allowing for profitable trades even when running with settings from different pairs. This flexibility extends to 13 pairs including EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD, GBPJPY, USDCAD, EURJPY, EURNZD, EURAUD, NZDUSD, AUDJPY, and CHFJPY.
Trading Around Support and Resistance Levels
The DayTrade Pro Algo trades price action around major daily support and resistance levels. It capitalizes on the tendency of price to gravitate towards these highs and lows, providing profits at these zones. The algorithmic system employs a stop loss (SL) and take profit (TP) on each trade and also uses a trailing stop loss to maximize profitable trades and minimize the losing ones.
Running the EA
To run the Expert Advisor (EA), open a EURUSD Daily chart, enable the “OneChartSetup” in the parameters and set your lot size. For low risk, a LotsizeStep of 1000 or higher is recommended. Medium risk requires a LotsizeStep of 700, and high risk calls for a LotsizeStep of 500. Bear in mind that these values are based on USD/EUR accounts and will need to be converted for other account currencies.
Backtesting the EA
For backtesting, run the EA on each pair separately using the M1 timeframe with the “OneChartSetup” disabled in the parameters. The EA doesn’t require “every tick” to get reliable backtest results due to the nature of how it manages trades. The recommended minimum balance for using this product is $400.
Parameter Overview
This Forex Algorithm features an infopanel on the chart, the size of which can be adjusted for high-resolution screens. For backtesting, it is recommended to disable the update infopanel for faster results. The “OneChartSetup” feature allows you to simply run the EA on a single chart.
FAQ
Is there any offer available for DayTrade Pro Algo?
Yes, there’s a limited number of copies available at the current price of $990. In addition to this, you get 1 EA for free for 2 trade accounts.
How can I observe the results of this product?
You can observe independent testing of DayTrade Pro Algo on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
Can I share my experience of using this product?
Yes, you’re welcome to share your experience of using this product. It will be helpful for other users as well.
Is this product review independent?
Yes, this article is an independent product review.
This review is based on a neutral perspective, providing an unbiased analysis of the DayTrade Pro Algo. Your feedback and experiences with this Forex Algorithm are welcomed, contributing to a broader understanding of its functionality and performance.
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