Recruitment of participants TradeAngel MT5

TradeAngel MT5
V4.0

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

BUY TRADE ANGEL ***GET FREE BONUS***PICK ANY ONE OF OUR OTHER EA AS A FREE BONUS!! - InfinityXO, GoldenBull, DragonScalper or AngelMT5*

Our Website: alnotrade.com

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

Pick your broker well. Use Dax40 Cash CFD.

Suggest major broker: Pepperstone / IC/ FP / Blaze

Trade Monitor REAL $10k Start: https://www.mql5.com/en/signals/1637628

Trade Monitor IC $3k Start : https://www.mql5.com/en/signals/1690178

Trade Monitor TickMill: https://www.mql5.com/en/signals/1703647

Monitor LIVE FP Markets Account: myfxbook.com/members/AlnoTrade/tradeangel-fpmarkets-live/9752683

Alternative Monitor IC Markets ($3k start): myfxbook.com/members/AlnoTrade/tradeangel-icmarkets/9752653

Alternative Monitor Blaze $10K Start : myfxbook.com/members/AlnoTrade/tradeangel-10k-live/9785664

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.



Backtesting and Risk/Lot Sizing

You will need setfiles to make backtest.

I suggest backtest on MT5, you will get 99% model quality.

I do not advise to setup without pro help, I will explain why as there a few things that can wrong.

1. TradeAngel uses trading window from 9am Frankfurt time to 8pm, this is preset in settings as GMT+2 broker (GMT+3 in SUMMER) (1000 to 2100). If your broker is not GMT+2, it will run in wrong times and you need to adjust accordingly.

2. 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!!


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