Description
<h3>Introduction</h3>
<p><strong>Trade Angel EA V1.0 MT4</strong> is an automated Expert Advisor designed for <strong>MetaTrader 4</strong>, focusing on trading the <strong>DAX40 index</strong> (DE40 or GER40). It employs a rule‑based system that trades using multi‑timeframe confirmation to identify high probability market entries, aiming for consistent, disciplined execution without relying on overly risky shortcuts.</p>
<h3>Key Features</h3>
<ul>
<li><strong>Specialized for DAX40 (DE40/GER40):</strong> The EA is optimized for the DAX40 index, offering a focused trading strategy.</li>
<li><strong>Multi‑Timeframe Logic:</strong> Uses M15, M30, and H1 charts to confirm trends and entry signals for more reliable performance.</li>
<li><strong>Automated Execution:</strong> Fully automated trading without the need for manual intervention.</li>
<li><strong>Rule‑Based Strategy:</strong> The EA trades based on predefined rules, ensuring that all trades adhere to a set of systematic conditions.</li>
<li><strong>Pre‑Configured Risk Control:</strong> Includes stop‑loss and take‑profit settings to manage risk, limiting the number of simultaneous trades.</li>
</ul>
<h3>Recommended Settings</h3>
<p>Typical settings for optimal performance include:</p>
<ul>
<li><strong>Timeframes:</strong> M15 for entry, M30 for trend confirmation, H1 for overall market bias.</li>
<li><strong>Trading Hours:</strong> Trade during the Frankfurt session (09:00–20:00), adjusting for broker time zone.</li>
<li><strong>Stop Loss / Take Profit:</strong> Set around 40–50 points for the DAX (points, not pips).</li>
<li><strong>Lot Management:</strong> Use small initial lots, and adjust based on account size and risk tolerance.</li>
<li><strong>Recovery Function:</strong> Can be enabled or disabled based on user risk preferences.</li>
<li><strong>Broker Type:</strong> Ideal for low spread DAX CFD brokers.</li>
</ul>
<h3>Backtest & Performance</h3>
<p>Backtest data for this EA is typically not disclosed by the vendor, but reviews suggest that the EA can provide a <strong>20–30% monthly return</strong> under ideal conditions. Performance may vary based on settings, broker, and market conditions. Always run your own backtests and forward tests on a demo account before going live.</p>
<h3>Advantages</h3>
<ul>
<li><strong>Specialized for DAX40 (DE40):</strong> This focus allows for optimized performance on a single asset rather than spreading the strategy too thin.</li>
<li><strong>Multi‑Timeframe Logic:</strong> Reduces false signals by requiring confirmation across multiple timeframes.</li>
<li><strong>Hands‑Free Trading:</strong> Automates trade execution, allowing you to trade without constant monitoring.</li>
<li><strong>Customizable Risk Control:</strong> Allows for tailored risk settings, including optional recovery features to smooth out drawdowns.</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li><strong>Limited to DAX40:</strong> This EA is designed specifically for the DAX40 index and does not support other assets.</li>
<li><strong>Lack of Published Verified Performance Records:</strong> Publicly available performance data is limited, so real-world results may differ.</li>
<li><strong>Settings Adjustments Required:</strong> You may need to adjust settings for different brokers, especially to align with their time zone and pricing formats.</li>
<li><strong>Risk of Losses:</strong> As with all trading systems, there are inherent risks, and performance is not guaranteed.</li>
</ul>
<h3><strong>Installation & Setup Guide</strong></h3>
<ol>
<li>Download the <code>.ex4</code> EA file and set files from the vendor.</li>
<li>In MT4, go to <code>File → Open Data Folder → MQL4 → Experts</code>.</li>
<li>Paste the <code>Trade Angel EA.ex4</code> file into the <code>Experts</code> folder and restart MT4.</li>
<li>Open DAX40 (DE40/GER40) charts on M15, M30, and H1 timeframes.</li>
<li>Drag the EA onto each chart.</li>
<li>In the EA settings, enable <strong>AutoTrading</strong>, <strong>Allow DLL imports</strong>, and <strong>Allow live trading</strong>.</li>
<li>Set the <code>TimeFrameFilter</code> for M15, M30, and H1, and adjust risk and magic number settings.</li>
<li>Load the provided set files if available.</li>
<li>Ensure the stop-loss, take-profit, and other settings match your broker’s pricing scale.</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.</p>
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