Original price: $999
Content: Expert: Trade Angel MT4 V1.0.ex4, How to install MT4 files.pdf
TradeAngel is a powerful & exciting trading Robot for the DE40 (aka DAX40 / GER40) Index.
TradeAngel logic works on our own proprietary indicators called angel factor/period (you will see this in inputs). Trade Angel Works in 3-time charts at same time: 15M, 30M and 1 hour.
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 number 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 increase lot after loss = 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.
|Control Function||Typical Martingale||TradeAngel Recovery Factor|
|Stop loss and Take Profit||Open ended loss, never uses stop loss on trades||Always use Stop Loss on EVERY trade|
|Levels||Infinity, keeps adding on Top of trades until ruin or profit||Limited to 5 Levels of increases|
|Lot increase step||Gets exponentially high after 5 or 6 levels until ruin or margin call||Stops increasing after 5 levels, easy to assess the “largest” lot|
|Equity Curve||Spectacularly linear curve until it cliff edge drop.||Clearly shows some loss days/weeks but will not cliff edge account|
|Number of Max Positions at Same Time||Unlimited, impossible to say, has no control on max trades||
1 Trade Per chart Max at one time.
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