Welcome to DayTrade Pro Algo! With years of market analysis and strategy development under my belt, I’ve uncovered an algorithm that embodies all the essentials of a superior trading system:

• Broker independence
• Spread independence
• Consistently stable backtests across real variable spread tests, effortlessly executed on MT4, MT5, TDS2, and various brokers
• Diverse settings yielding profitable results in testing (curated for optimal performance)
• Robust system flexibility allowing interchangeable settings, ensuring profitability even when applying settings from different pairs
• Currently operational on 13 pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD, GBPJPY, USDCAD, EURJPY, EURNZD, EURAUD, NZDUSD, AUDJPY, CHFJPY

This EA strategically trades price action around major daily support and resistance levels. Price tends to gravitate towards these extremes, presenting lucrative opportunities within these zones. The algorithm employs SL and TP on each trade, alongside a trailing stop loss mechanism to maximize profits and minimize losses. Expect approximately 10 trades per week.

For live results, visit: Live Results

To run the EA:

1. Open a Daily chart for EURUSD.
2. Enable “OneChartSetup” in the parameters and set your lot size.
3. For low risk, use LotsizeStep = 1000 or higher. For medium risk, LotsizeStep = 700. For high risk, LotsizeStep = 500. Note: These values are based on USD/EUR accounts; adjust for other currencies accordingly.

For backtesting:

1. Run on each pair separately, M1 timeframe, with “OneChartSetup” disabled.
2. Utilize “open prices only” or “control points” for tick quality; “every tick” is unnecessary for reliable backtest results.

Recommended minimum balance: $400

Parameter overview:

• ShowInfoPanel: Enable info panel on chart
• Adjustment of info panel size: Increase for high-resolution screens
• Update info panel during testing: Disable for faster backtesting
• UseOneChartSetup: Enable running all pairs from one chart
• Use Virtual Expiration: Enable if broker doesn’t allow expiration date on pending orders
• Magic number
• Comment for trades
• Lotsize Calculation method: Choose fixed lotsize or automatic lotsize
• Startlots: Manual fixed lotsize
• LotsizeStep: Increment step for lotsize
• Use Equity instead of Balance
• OnlyUp: Prevent lotsize decrease after losses for faster recovery

Additionally, in response to misleading trends on MQL5, it’s crucial to clarify: This EA does not utilize ChatGPT, neural networks, or any fabricated descriptions commonly found on product pages. Be discerning and avoid the allure of “holy grail” promises; trading bots do not generate consistent profits without losses. I develop genuine trading strategies and operate with transparency and integrity, without resorting to deceptive tactics.