Daytrade Pro Algo

Daytrade Pro Algo

by Profalgo LimitedMQL5 Marketplace
AI Score
6.0
Medium RiskMT4SwingMulti-TFGoldForexMedium RiskBeginner

Screenshots

Daytrade Pro Algo screenshot 1

AI Summary

DayTrade Pro Algo is a multi-pair EA that trades price action around daily support/resistance levels. While it offers good diversification across 13 pairs and claims broker independence, the limited transparency and high price raise some concerns for potential users.

High price point with limited performance verification - exercise caution and thoroughly test on demo before live trading

Pros

  • Trades 13 different currency pairs including gold
  • Claims broker and spread independence
  • Uses proper risk management with SL/TP and trailing stops
  • Simple one-chart setup for all pairs

Cons

  • Very high price at $990 with limited transparency
  • No detailed backtesting results or performance metrics shown
  • Vague strategy description lacks technical specifics

Requirements & recommendations

Min deposit$400
VPSRequired
TimeframesM1, H4, M5

Strategy explanation

Price action strategy that identifies and trades around major daily support and resistance levels, expecting price to be attracted to these key zones with trailing stop loss management.

AI Confidence65%
Suitability scores
70%
Prop Firm
75%
Beginner
60%
Aggressive
65%
Conservative