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 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.
|TradeAngel Recovery Factor
|Stop loss and Take Profit
|Open ended loss, never uses stop loss on trades
|Always use Stop Loss on EVERY trade
|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
|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.
You will need setfiles to make backtest, contact me for those.
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!!
This is a premium product with a premium price, for this I will personally help and guide you install and set-up properly after purchase.
Contact me on MQL chat after purchase as you will need required set files to run EA.
*Bonus EA* InfinityXO is locked to 5 max trading accounts. (they are interchangeable)