Trade Angel EA 

Trade Angel EA is an automated trading system designed to work on DAX40 on the MT4 and MT5 platforms. The EA isn’t available on the MQL marketplace, and you have to download it from third-party sources.

In this article, we’ll look at the Trade Angel EA, how it works, its strategy, features, and settings.

Trade Angel EA Strategy

Trade Angel EA uses a systematic approach to trading the DAX40 index. The EA has been programmed to operate on 15-minute, 30-minute, and 1-hour timeframes, making it suitable for short-term and medium-term trading strategies.

The main strategy applied by Trade Angel EA is to monitor the movement and volatility of the DAX40 during market hours. The EA has been developed to open trades from Dax open at 9 am Frankfurt time and will continue trading until 8 pm Frankfurt time.

One of the key features of Trade Angel EA is its ability to manage losing trades. The EA uses a recovery function on the next trade, which increases the trade size by 2 after a loss for a maximum of 5 levels. This function is intended to help recover losses quickly and return the account to profitability.

Trade Angel EA also uses several other technical indicators and analysis tools to help try and identify high-probability trading opportunities.

For example, the EA uses a volatility filter to avoid trading during low volatility periods. It also incorporates trend analysis tools to identify market trends and trade in the direction of the trend.

Regarding risk management, Trade Angel EA has been designed to try and limit the maximum drawdown and risk exposure.

The EA uses stop-loss orders to limit losses on individual trades, and it also integrates a maximum drawdown limit to limit the total losses in the account.

It is important to note that according to the myfxbook.com results, the monthly profits for Trade Angel EA have significantly decreased since its peak value in August 2022.

Despite using a risky recovery function to recoup losses and smooth the growth curve, the EA has a relatively low win rate. While it may recover losses in the short term, it may also be exposed to significant risks and may not be suitable for all traders.

Trade Angel EA stats
Trade Angel EA stats

Trade Angel EA Features

  • Trade Angel EA uses a hard stop-loss and take-profit of 40 – 50 points.
  • The EA will trade 3 trades at any time, with one trade per chart.
  • The DAX40 index is a cost-effective option, with most brokers quoting a 0.5 – 1.0 spread with small or no commissions.
  • Time – The default setting is 9 AM to 8 PM Frankfurt time.
  • Lot size – The default lot size is 1.0.

Trade Angel EA Summary

After analyzing the features, while it has some attractive features, such as hard stop-loss and take-profit orders and a low-cost trading instrument, there are also some potential drawbacks that traders should be aware of.

One of the main concerns with Trade Angel EA is its use of a risky recovery function to recoup losses. This function may help to smooth out the growth curve in the short term, but it can also expose the account to significant risks in the long run.

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