Trade Angel 2.0 MT4

Description

TradeAngel is a powerful & exciting trading Robot for the DE40 (aka DAX40/GER40) Index.

Contact me on messenger for special discount offers on this superb EA.***FREE EA BONUS HYPER DRAGON****

Our Website: alnotrade.com

Trade Angel Works in 3 time frames: 15M, 30M and 1 hour.

TradeAngel logic works on our own proprietary indicators called angel factor/period (you will see this in inputs).

Operates by monitoring the movement & volatility of the DAX40 during market hours only, once it detects a strong move it will latch onto the momentum and open a trade at the start of the next bar, (on the 15 min bar on 15 min chart, start of 30 min bar on 30M chart and same for 1 hour).

– Trade Angel uses hard stop loss and take profit of 40 – 50 points. (Indices use points, not pips)

– Opens trades from Dax open (9am Frankfurt) until 8pm Frankfurt time.

– Maximum of 3 trades at any one time (1 per chart), no high amount of orders to monitor

– Dax40 is a very low cost instrument to trade with most brokers quoting 0.5 – 1.0 spread with small/no commissions.

– No holding onto long term losing trades

TradeAngel for MT4 is a fully automated,100% hands free trading system, expert advisor.

TradeAngel uses a recovery function on the  NEXT trade that will increase the trade size x2 after loss for 5 levels max, however user has option to disable this feature by setting the input increaselotafterloss = false.

You are not BOUND to use recovery function, we prefer to as it does what it says, it recovers the prior loss trade quicker, smoothing the equity curve.

Using a recovery factor after loss is very different to martingale. Do not get the 2 confused and this table compares the huge differences.

Control Function	Typical Martingale	TradeAngel Recovery Factor
Stop loss and Take Profit	Open ended loss, never uses stop loss on trades	Always use Stop Loss on EVERY trade
Levels	Infinity, keeps adding on Top of trades until ruin or profit	Limited to 5 Levels of increases
Lot increase step	Gets exponentially high after 5 or 6 levels until ruin or margin call	Stops increasing after 5 levels, easy to assess the “largest” lot
Equity Curve	Spectacularly linear curve until it cliff edge drop.	Clearly shows some loss days/weeks but will not cliff edge account
Number of Max Positions at Same Time	Unlimited, impossible to say, has no control on max trades	1 Trade Per chart Max at one time.

View backtesting under strategies section of our profile here:  myfxbook.com/members/AlnoTrade  (copy & paste link)

I do not advise to setup without pro help, I will explain why as there at least 3 things that can go majorly wrong.

1. TradeAngel uses trading window from 9am Frankfurt time to 8pm, this is preset in settings as GMT+3 broker (1000 to 2100). If your broker is not GMT+3, it will run in wrong times and you need to adjust accordingly.

2. Unlike Forex, brokers quote DAX totally different in price, some use 5 digits i.e 14500, some use 6 , i.e 14500.4, some like IC use 7, 14500.50. So the Take profit and stop loss needs adjusted to suit. In IC the stop loss would be 5000 as they have 2 decimal places, in a 1 decimal place broker it would be 500 and so on.

3. Lot sizes & Margin– Again, it can be very tricky, some brokers uses 1.0 lot as €1 per point, in other broker 1.0 can be €25 per point (1 Dax Futures contract). Also, Margin requirements can be very high for DAX in some brokers, check it out!

With these in mind, USE A DEMO ACCOUNT if in doubt!!

This is a premium product with a premium price, for this I will personally help and guide you install and set-up properly after purchase.

Contact me on MQL chat after purchase as you will need required set files. (default EA setting is for 15M)