Trade Angel EA V1.0 MT4

Introduction

Trade Angel EA V1.0 MT4 is an automated Expert Advisor designed for MetaTrader 4, focusing on trading the DAX40 index (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.

Key Features

• Specialized for DAX40 (DE40/GER40): The EA is optimized for the DAX40 index, offering a focused trading strategy.
• Multi‑Timeframe Logic: Uses M15, M30, and H1 charts to confirm trends and entry signals for more reliable performance.
• Automated Execution: Fully automated trading without the need for manual intervention.
• Rule‑Based Strategy: The EA trades based on predefined rules, ensuring that all trades adhere to a set of systematic conditions.
• Pre‑Configured Risk Control: Includes stop‑loss and take‑profit settings to manage risk, limiting the number of simultaneous trades.

Recommended Settings

Typical settings for optimal performance include:

• Timeframes: M15 for entry, M30 for trend confirmation, H1 for overall market bias.
• Trading Hours: Trade during the Frankfurt session (09:00–20:00), adjusting for broker time zone.
• Stop Loss / Take Profit: Set around 40–50 points for the DAX (points, not pips).
• Lot Management: Use small initial lots, and adjust based on account size and risk tolerance.
• Recovery Function: Can be enabled or disabled based on user risk preferences.
• Broker Type: Ideal for low spread DAX CFD brokers.

Backtest & Performance

Backtest data for this EA is typically not disclosed by the vendor, but reviews suggest that the EA can provide a 20–30% monthly return 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.

Advantages

• Specialized for DAX40 (DE40): This focus allows for optimized performance on a single asset rather than spreading the strategy too thin.
• Multi‑Timeframe Logic: Reduces false signals by requiring confirmation across multiple timeframes.
• Hands‑Free Trading: Automates trade execution, allowing you to trade without constant monitoring.
• Customizable Risk Control: Allows for tailored risk settings, including optional recovery features to smooth out drawdowns.

Disadvantages

• Limited to DAX40: This EA is designed specifically for the DAX40 index and does not support other assets.
• Lack of Published Verified Performance Records: Publicly available performance data is limited, so real-world results may differ.
• Settings Adjustments Required: You may need to adjust settings for different brokers, especially to align with their time zone and pricing formats.
• Risk of Losses: As with all trading systems, there are inherent risks, and performance is not guaranteed.

Installation & Setup Guide

1. Download the .ex4 EA file and set files from the vendor.
2. In MT4, go to File → Open Data Folder → MQL4 → Experts.
3. Paste the Trade Angel EA.ex4 file into the Experts folder and restart MT4.
4. Open DAX40 (DE40/GER40) charts on M15, M30, and H1 timeframes.
5. Drag the EA onto each chart.
6. In the EA settings, enable AutoTrading, Allow DLL imports, and Allow live trading.
7. Set the TimeFrameFilter for M15, M30, and H1, and adjust risk and magic number settings.
8. Load the provided set files if available.
9. Ensure the stop-loss, take-profit, and other settings match your broker’s pricing scale.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Telegram Group: Join our community

Disclaimer: 

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.