Description
What is Daytrade Pro Algo 2024?
Daytrade Pro Algo EA is a highly advanced trading robot designed for use on the MetaTrader 4 (MT4) platform. Built to meet the requirements of proprietary trading firms like FTMO and MFF, this EA can effectively trade on 13 currency pairs, including EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD, GBPJPY, USDCAD, EURJPY, EURNZD, EURAUD, NZDUSD, AUDJPY, and CHFJPY. With a minimum capital requirement of just $400, it offers a flexible entry point for traders.
- Vendor website: Click here
About the Author
The creator, Wim Schrynemakers from Malta, brings over 11 years of experience in developing products for the MQL5 platform. Known for popular tools such as The Gold Reaper MT4 and Indicement MT4, Wim’s Daytrade Pro Algo is one of his best-performing products.
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Key Features of Daytrade Pro Algo EA
- Core Features:
- Broker-Independent: Works with any broker.
- Spread-Independent: Unaffected by spread changes.
- Powerful System: Flexible settings tailored for efficient trading across currency pairs.
- Price Action Trading: Trades based on daily support and resistance levels.
- Risk Management: Employs stop-loss (SL), take-profit (TP), and trailing stop mechanisms to maximize profits and control losses.
- Trading Frequency: Executes around 10 trades weekly.
- Additional Features:
- Simple Setup: Open the EURUSD daily chart, enable “OneChartSetup,” and set the trading lot size.
- Customizable Chart Information: Adjust the size of the information displayed on the chart.
- Trading Lot Calculation: Choose between fixed and automatic trading lot sizes.
- Lot Management: Adjust trading lot sizes based on trading results.
- Equity or Balance Usage: Decide whether to base lot sizes on account equity or balance.
Daytrade Pro Algo MT4 Reviews
1. Myfxbook Performance Review:
Daytrade Pro Algo’s performance has been verified on Myfxbook over a two-year period (2023–2024), showing a total gain of +65.64% with a drawdown of 15.61%.
For real-time results, check the Live Signal on Myfxbook. Here
Daytrade Pro Algo EA Backtests
User Performance Rating:
The Expert Advisor has consistently received high ratings from users in the MQL5 community, reflecting its stability in automated trading and proven effectiveness.
Recommended Settings
Here are the key settings and parameters recommended by developers and experts for optimal performance:
| Feature | Details |
|---|---|
| Trading Platform | MetaTrader 4 (MT4) |
| Minimum / Recommended Deposit | $400 |
| Time Frames | Any |
| Currency Pairs | EURUSD, GBPUSD, USDJPY, AUDUSD, GBPJPY, USDCAD, EURJPY, EURNZD, EURAUD, NZDUSD, AUDJPY, CHFJPY, XAUUSD (Gold) |
| Setup Files | Available |
| Product Type | NoDLL / Fix |
| Virtual Private Server (VPS) | Use of a VPS system is recommended for stability and performance |
Included in the Product Download Package
The download package for this product suite contains:
Experts:
- Daytrade Pro Algo EA v3.30_fix.ex4
- Daytrade Pro Algo EA v2.61_fix.ex4
Presets:
- daytradePro_Prop__1.set
- Daytrade_Pro_Max50sDD_highrisk.set
- Daytrade_Pro_Max204DD_mediumrisk.set
- Daytrade_Pro_Max91DD_lowrisk.set
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Reviews
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