JOINT PURCHASES DAYTRADE PRO ALGO V2.61 (NO DLL)

DAYTRADE PRO ALGO V2.61 (NO DLL)

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Welcome to DayTrade Pro Algo! 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 very stable backtestests using real variable spread tests with ease, on MT4,MT5, TDS2, and on multiple brokers
• Hundreds of different settings all give profitable results in testing (but ofcourse I selected the best ones!)
• Very robust system -> settings are interchangeable, so running EURUSD with settings from USDJPY will still be profitable.
• Runs already on 13 pairs: EURUSD;GBPUSD;USDJPY;AUDUSD;XAUUSD;GBPJPY;USDCAD;EURJPY;EURNZD;EURAUD;NZDUSD;AUDJPY;CHFJPY;

This EA trades price action around major daily support and resistance levels. Price tends to be "sucked" into these highs and lows, and thus there are profits to be made at those zones.

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.

It will trade about 10 trades per week.


How to run the EA:

Simply open a EURUSD Daily chart, enable the "OneChartSetup" in the parameters and set your lotsize.

For low risk, I recommend using LotsizeStep = 1000 or higher.

For Medium risk, I recommend using LotsizeStep=700

For High Risk, I recommend using LotsizeStep=500.

Important: these values are based on USD/EUR accounts. For other accounts, please convert these values to your account currency (ask me in pm if you have questions about this)


How to backtest the EA:

Run on each pair separately, M1 timeframe with the "OneChartSetup" disabled in the parameters.

Use "open prices only" or "control points" for tickquality. The EA doesn't need "every tick" to get reliable backtest results, because of the nature of how the EA manages trades.

Ofcourse you can check yourself to see that the difference with "every tick" is minimal.


Recommended minimum balance: 400$