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Daytrade Pro Algo is an MT4 expert advisor that trades price action around major daily support and resistance levels on forex pairs and gold. Each trade carries a stop loss and take profit, with a trailing stop.
Get one message the moment it launches, with its price.
Daytrade Pro Algo is a fully automated expert advisor for MetaTrader 4. It looks for price reactions around major daily support and resistance levels and opens trades with a fixed stop loss and take profit, then manages them with a trailing stop.
The EA is built around the idea that price often returns to recent daily highs and lows, and that these areas can produce tradable reactions. It identifies those zones on the daily scale and places trades around them. Every position has a protective stop and a profit target, and the trailing stop moves behind price once a trade is going the right way. The aim of the trailing logic is to limit how much open profit is given back, though it cannot remove losing trades.
Trade frequency is relatively modest, so do not expect constant activity on any single symbol. Check the number of trades per symbol in your own testing before judging it.
The EA is intended for major forex pairs and for gold (XAUUSD). For live use you attach it to a daily chart; with the one-chart setup enabled, it can manage every symbol you list from that single chart. For backtesting, run each symbol separately on M1 with the one-chart setup disabled.
The parameter list is short. The main groups are shown below. Defaults may differ between releases, so read the values on your own copy rather than relying on this page.
| Setting | Purpose |
|---|---|
| ShowInfoPanel | Shows or hides the on-chart panel; a size option helps on high-resolution screens |
| UseOneChartSetup | Runs all listed symbols from one chart |
| Pairs to run | The symbols the EA is allowed to trade |
| Use virtual expiration | For brokers that do not accept expiry times on pending orders |
| Magic number and trade comment | Identify the EA's orders |
| Lot size calculation method | Fixed lots, step-based automatic lots, or maximum risk per pair |
| Start lots and lot size step | Manual lot size, or the account amount needed per 0.01 lot increment |
| Use equity instead of balance | Chooses the figure used for lot calculation |
| OnlyUp | Stops lot size from decreasing after losses |
The developer favours the maximum risk per pair method, with lower values for cautious use and higher values for aggressive use. Start at the low end, review the exact meaning of the value in the parameter description, and size it against what you can afford to lose. Be aware that OnlyUp keeps lot size from shrinking after a drawdown, which raises risk.
Trading carries risk, and you can lose some or all of your deposit. Backtests and signal histories are not a forecast, and past results do not predict future ones. Test on a demo account and use position sizes you can afford.
Before going live, check your broker's spreads, stop levels and execution on the symbols you plan to trade, and run a demo period to see how the EA behaves on your account type.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Strategy | Price action at daily support and resistance |
| Markets | Major forex pairs and gold (XAUUSD) |
| Chart timeframe | Daily chart for live use; M1 for backtesting |
| Trade management | Stop loss, take profit and trailing stop |
| Lot sizing | Fixed lots, step-based lots or max risk per pair |
| Requirements | Algo trading enabled; check minimum balance with your broker |
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No. This listing is the MetaTrader 4 build and will only load in MT4. An MT5 terminal cannot run it, so check that you are using the right platform before buying.
Copy the expert file into the MQL4/Experts folder through File > Open Data Folder, restart MT4 or refresh the Navigator, then drag the EA onto a EURUSD daily chart. Enable algo trading, switch on the one-chart setup option, choose the pairs you want and set your lot sizing. Test on a demo account first.
Gold (XAUUSD) is among the symbols the EA is designed for. Confirm that your broker's gold symbol name matches what you enter in the pairs list, including any suffix, and check contract size and stop levels.
Test each symbol separately in the Strategy Tester on the M1 timeframe with the one-chart setup turned off. The developer indicates that open prices only or control points modelling is adequate because of how trades are managed, but you can compare with every tick to confirm on your own data.
The developer suggests a fairly small minimum balance, but the right amount depends on your broker, leverage, lot sizing method and risk settings. Check the current recommendation on the product page and test on a demo account before funding a live one.
No. Trading carries risk and past results, including backtests and signal histories, do not predict future ones. Losing periods are normal for any automated strategy.
Daytrade Pro Algo
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