TradeAngel is a powerful and exciting DE40 (aka DAX40/GER40) index trading robot.
Trading Angel works in 3 time ranges: 15m, 30m and 1 hour. It uses three charts running at the same time.
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Choose your agent well. Use the Dax40 spot / cash CFD tool.
Recommend major ASIC participants: https://track.pepperstonepartners.com/visit/?bta=37434 & brand=pepperstone “> Pepperstone / https://fgfg.hopp.to/go” > Vantagefx / IC/ FP / Blaze (good offshore broker).
Trade Monitor REAL $10k start: https://www.mql5.com/en/signals/1637628 “> https://www.mql5.com/en/signals/1637628.
Monitoring the IC market (starting with 3k): myfxbook.com/members/AlnoTrade/tradeangel-icmarkets/9752653.
Alternative monitoring page: myfxbook.com/members/AlnoTrade/tradeangel-live/9683868.
Monitoring real-time FP Markets account: myfxbook.com/members/AlnoTrade/tradeangel-fpmarkets-live/9752683.
TradeAngel logic applies to our own proprietary metrics called angel factors / cycles (as you’ll see in the input).
By monitoring the movement and volatility of the DAX40 only during market time, once it detects strong motion, it locks momentum and trades at the beginning of the next column (on the 15-minute column on the 15-minute chart, the beginning of the 30-minute column on the 30m chart is the same for 1 hour).
Trading angels use hard stops and 40-50 points of profit. (the index uses points, not points).
Trading opens from Dax (9: 00 a.m. Frankfurt time) to 8: 00 p.m. Frankfurt time.
Up to 3 transactions at a time (1 per chart), no need to monitor a large number of orders.
Dax40 is a very low-cost tool that can trade with most brokers with a price difference of 0. 5-1. 0 with little / no commission.
Do not hold long-term loss trading.
TradeAngel for MT4 is a fully automatic, 100% hands-free trading system, expert consultant.
TradeAngel uses the restore feature in NEXT transactions, which increases the transaction size x2 after a maximum loss of 5 levels, but users can disable this feature by setting input increaselotafterloss = false.
You don’t have to use the recovery function, but we prefer what it says, which can restore previous loss trades more quickly and smooth the asset curve.
Using the recovery factor after a loss is very different from Martingale. Don’t let 2 get confused, this table compares huge differences.
Typical Martingale trading angel recovery factor with control function.
Stop loss and stop profit open loss, never use trading stop loss always use stop loss in each transaction.
Unlimited level, keep adding transactions until bankruptcy or profit is limited to 5 levels of growth.
The number of hands increases exponentially after level 5 or 6, and stops increasing after bankruptcy or margin level 5, so it is easy to evaluate the “maximum” number.
The net worth curve is a spectacular linear curve until its cliff edge falls. Clearly show some days / week of loss, but not cliff accounts.
At the same time, the maximum number of positions is unlimited, it is impossible to control the maximum transaction 1 transaction at a time for each chart.
You will need settings files for back testing, please contact me to get these settings files.
I don’t recommend setting it up without professional help. I’ll explain why, because there are some things that can go wrong.
TradeAngel uses the trading window from 9: 00 a.m. to 8: 00 p.m. Frankfurt time, which is set to GMT+2 Brokers (Summer GMT+3) (1000-2100). If your broker is not GMT+2, it will run at the wrong time and you need to adjust accordingly.
Number of hands and margin-again, this can be very tricky, with some brokers using 1.0 lots as 1 euro per point, and among others, 1.0 lots can be 25 euros per point (1 Dax futures contract). In addition, in some brokers, DAX margin requirements may be very high, please check!
With these in mind, if you have any questions, please use a simulated account!
Go to China Forex Forum to download this Forex ea:https://www.feixu.xyz/thread/1111