Daytrade Pro Algo EA V2.80 MT4: A Profitable Trading Robot
Overview
The Daytrade Pro Algo EA V2.80 is an expert advisor (EA) designed for MetaTrader 4 (MT4). Developed by Profalgo Limited, this algorithmic trading system offers several key features:
- Broker Independence: It works with various brokers.
- Spread Independence: The EA adapts to different spreads.
- Stable Backtests: Real variable spread tests demonstrate stability on MT4, MT5, and TDS2 platforms across multiple brokers.
- Robust System: Settings are interchangeable, allowing profitable trading even when using different currency pairs.
Trading Strategy
The EA employs a price action strategy around major daily support and resistance levels. Here’s how it works:
- Entry Points: Price tends to gravitate toward these highs and lows, creating profitable zones.
- Risk Management: Each trade has a stop loss (SL) and take profit (TP). Additionally, a trailing stop optimizes profits and minimizes losses.
- Trade Frequency: Expect around 10 trades per week.
Recommended Settings
- Minimum Deposit: While there’s no strict minimum, a balance of at least $400 is recommended.
- Timeframe: The EA operates on the daily chart.
- Currency Pairs: It currently runs on 13 pairs:
- EURUSD
- GBPUSD
- USDJPY
- AUDUSD
- XAUUSD (Gold)
- GBPJPY
- USDCAD
- EURJPY
- EURNZD
- EURAUD
- NZDUSD
- AUDJPY
- CHFJPY
How to Run the EA
- Open a EURUSD daily chart.
- Enable the “OneChartSetup” parameter.
- Set your desired lot size (use “Max Risk Per Pair” for calculation).
- Low risk: Max Risk Per Pair = 3
- Medium risk: Max Risk Per Pair = 7
- High risk: Max Risk Per Pair = 15
You can check more on –
Backtesting
- Test each pair separately on the M1 timeframe.
- Disable “OneChartSetup” during backtesting.
- Use “open prices only” or “control points” for tick quality.
Download Links
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- Website: Daytrade Pro Algo EA V2.80 Download
- Telegram Channel: YoForexRobot Telegram
- Download the EA from our website: https://www.forexfactory.cc/
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