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Day Trading EA

(10 customer reviews)

$38.40$49.92

Day Trading EA is your ultimate short-term trading assistant. Specifically designed to detect precise price reversals using advanced price action analysis and the Donchian channel, this expert advisor provides non-repainting signals for accurate trade execution. Additionally, perfect for day traders, it offers customizable settings for lot size, stop-loss, and take-profit, along with an optional Martingale strategy to efficiently recover losses.
Consequently, maximize your trading efficiency, manage risks effectively, and enhance your profit potential with Day Trading EA. Moreover, secure your lifetime license today and trade with confidence.

Trading Guidelines

☑️ Suitable instruments: Forex, Commodities, Indices, Stocks and Crypto
☑️ Suitable timeframes: 4 Hours, 1 Hours, 30 Minutes, 15 Minutes, 5 Minutes

Software Information

☑️ Unlimited Installations
☑️ Lifetime Licence
☑️ All currency pairs

Guaranteed Safe Checkout
  • Our expert advisor comes without preset input parameters, giving you the freedom to backtest and find the best settings that fit your trading style, ultimately helping you achieve success.

Maximize Your Day Trading Efficiency with Day Trading EA

Discover the ultimate tool for short-term traders with the Day Trading EA (Expert Advisor) for MT4 (Metatrader 4). Specifically designed to detect price reversals using advanced price action analysis and the Donchian channel, this expert advisor is your go-to solution for precise, non-repainting trade signals.
Furthermore, perfect for shrewd traders aiming to enhance their trade timing and maximize profits, Day Trading EA stands out as a reliable and efficient trading assistant.

Unlock your trading potential today! Dive into our comprehensive guide on How to Make Money Using Day Trading Strategies and discover innovative techniques designed to elevate your trading game. With actionable insights, proven methods, and expert tips, this guide is your gateway to mastering the art of day trading. Seamlessly blend strategic analysis with automated trading to maximize profits and minimize risks. Don’t miss out on the opportunity to transform your trading approach and achieve consistent success. Read now and take the first step towards financial freedom!

How It Works: Leveraging Price Action and Donchian Channels

Day Trading EA operates using sophisticated price action analysis combined with the Donchian channel to identify potential reversals in a zig-zag fashion. Consequently, here’s a closer look at how it works:

  • Price Action Analysis: Monitors market movements to detect potential reversals without relying on repainting indicators. Additionally, it ensures accurate detection of market changes.
  • Donchian Channel: Uses upper and lower bands to determine breakout and breakdown points, thereby signaling potential trade opportunities. Thus, it helps in capturing profitable trades.
  • Trade Execution: Automatically initiates trades at optimal points based on identified price reversals. Moreover, it guarantees precise entry and exit points.
  • Risk Management: Employs adjustable stop-loss and take-profit settings to ensure effective risk management. Therefore, it safeguards your investments.

Key Features: Advanced Tools for Superior Trading

Day Trading EA (Expert Advisor) for Metatrader 4 (MT4) comes packed with features that make it an indispensable tool for traders:

  • Accurate Reversal Detection: Utilizes price action and Donchian channels to detect precise reversal points. Consequently, it enhances trade accuracy.
  • Non-Repainting Signals: Ensures reliable signals without the confusion of repainting or backpainting. Therefore, it maintains consistency in trading signals.
  • Customizable Settings: Offers flexible parameters for lot size, stop-loss, take-profit, and more. Additionally, it allows personalization according to trading preferences.
  • Martingale Strategy: Includes an optional Martingale feature to help recover losses efficiently. Hence, it aids in loss management.
  • Automated Alerts: Provides customizable alerts for trade signals, thus ensuring timely responses. Moreover, it keeps you updated on market movements.

Why Choose Day Trading EA?

Opting for Day Trading EA (Expert Advisor) for MT4 (Metatrader 4) means choosing a tool that combines precision, reliability, and flexibility. Thus, here’s why it’s the ideal choice:

  • Optimized for Short-Term Trading: Perfect for day traders seeking quick and accurate trade signals. Additionally, it enhances trading efficiency.
  • Versatile Application: Suitable for various markets, including forex and stocks. Consequently, it offers broad market coverage.
  • Comprehensive Risk Management: Advanced risk control through customizable settings. Moreover, it protects your trading capital effectively.
  • Lifetime License: Enjoy continuous updates and support with a one-time purchase. Therefore, it provides long-term value and support.

Conclusion: Enhance Your Trading Strategy with Day Trading EA

Day Trading EA for Metatrader 4 by KOKOSHELL is an indispensable tool for traders looking to master short-term trading and capitalize on market reversals. By combining advanced price action analysis with the robust Donchian channel, this expert advisor delivers consistent and high-performance trading results. Consequently, invest in Day Trading EA today and take your trading strategy to the next level. Secure your lifetime license and start trading with confidence.

Expert Advisor Settings:

  1. Lot size for trades: Specifies the size of each trade lot, allowing traders to control the amount of currency units they are willing to trade, which is crucial for effective risk management and proper capital allocation.
  2. SL in Points: Defines the stop loss in points, setting a predefined level at which a trade will automatically close to limit potential losses.
  3. TP 1 in Points to TP 10 in Points: These parameters set multiple take profit levels in points, enabling the Expert Advisor to secure profits incrementally as the market moves in a favorable direction.
  4. Open Trade at Candle Close: This setting determines whether trades should be opened at the close of a candle, ensuring that trades are based on confirmed market movements rather than speculative intra-candle changes.
  5. Magic Number: A unique identifier for trades placed by this Expert Advisor, making it easier to manage and track trades in a multi-EA environment.
  6. Maximum Trades: Limits the maximum number of trades that the Expert Advisor can open simultaneously, helping to prevent overexposure in the market.
  7. Close on Opposite Signal: This parameter allows trades to be closed when an opposite trading signal is received, potentially minimizing losses or locking in profits.
  8. Close on Cross: Enables the Expert Advisor to close trades when certain cross conditions are met, further refining the exit strategy.

Indicator Settings:

  1. Verbose: Enables or disables detailed logging of the indicator's operations, useful for debugging and analysis.
  2. Min Range: Defines the minimum range for the indicator, helping to filter out insignificant market movements.
  3. Max Range: Sets the maximum range for the indicator, ensuring that only relevant price actions are considered.
  4. High Low Filter: A filter value for high and low prices, refining the accuracy of the indicator's signals.
  5. Historical Bars: Number of historical bars used for calculations, affecting the indicator's responsiveness and accuracy.
  6. Analysis Enabled: Enables or disables the analytical features of the indicator, providing insights into market conditions.
  7. Display Profits: Shows the profits on the chart, offering a visual representation of the trading performance.
  8. Analysis Color: Sets the color for analytical elements on the chart, improving visual clarity.
  9. Analysis Label: Specifies the color for analysis labels, aiding in distinguishing different types of information.
  10. Bull Rectangle: Color used for bullish rectangles, visually indicating bullish trends.
  11. Bear Rectangle: Color used for bearish rectangles, visually indicating bearish trends.
  12. Display Alerts: Enables or disables real-time alerts based on indicator signals, keeping the trader informed of market changes.
  13. Email Alerts: Enables or disables email notifications for trading signals, providing remote monitoring capabilities.
  14. Sound Alerts: Enables or disables sound notifications for trading signals, offering an audible cue for market events.
  15. Sound File: Specifies the file used for sound alerts, allowing customization of the alert sound.

Time Settings:

  1. Use Timer: Enables or disables time-based trading, controlling the Expert Advisor's trading activity within specified time windows.
  2. Start Time: Specifies the start time for trading, ensuring that trades are only placed during desired market hours.
  3. End Time: Sets the end time for trading, preventing new trades from being opened outside of preferred trading hours.
  4. Close Time: Defines the time at which all open trades should be closed, ensuring that positions are not held overnight or during off-market hours.

Understanding and properly configuring each input parameter of the Expert Advisor (EA) is essential for optimizing its performance and aligning it with your trading strategy. These settings allow for precise control over trade execution, risk management, and the use of market indicators to identify optimal entry and exit points. By carefully adjusting these parameters to match your trading goals and market conditions, you can enhance the EA's effectiveness, increase the likelihood of achieving consistent trading success, and ensure that your trading operations are conducted in a disciplined and controlled manner. This approach helps to mitigate risks, secure profits, and ultimately, improve the overall efficiency of your trading activities.

Expert Advisor Settings:

  1. Lot size for trades: Specifies the size of each trade lot, allowing traders to control the amount of currency units they are willing to trade, which is crucial for effective risk management and proper capital allocation.
  2. SL in Points: Defines the stop loss in points, setting a predefined level at which a trade will automatically close to limit potential losses.
  3. TP 1 in Points to TP 10 in Points: These parameters set multiple take profit levels in points, enabling the Expert Advisor to secure profits incrementally as the market moves in a favorable direction.
  4. Open Trade at Candle Close: This setting determines whether trades should be opened at the close of a candle, ensuring that trades are based on confirmed market movements rather than speculative intra-candle changes.
  5. Magic Number: A unique identifier for trades placed by this Expert Advisor, making it easier to manage and track trades in a multi-EA environment.
  6. Magic Number Martingle: A unique identifier for Martingale trades, which helps in managing and tracking these specific trades.
  7. Maximum Trades: Limits the maximum number of trades that the Expert Advisor can open simultaneously, aiding in risk management.
  8. Close on Opp Sign: This setting allows the Expert Advisor to close trades when an opposite signal is generated, ensuring timely exit from trades that are no longer favorable.
  9. Close on Cross: Enables the Expert Advisor to close trades when an indicator cross occurs, providing an additional mechanism for trade exit based on technical analysis.

Martingale Settings:

  1. Maximum Martingale Trades: Defines the maximum number of Martingale trades that can be opened, controlling the extent of the Martingale strategy used.
  2. Use Martingale: A toggle to enable or disable the Martingale strategy, which involves increasing trade size after losses in an attempt to recover losses more quickly.
  3. Use Lot Multiplier: Allows the use of a lot size multiplier in the Martingale strategy to increase the size of subsequent trades.
  4. Lot Multiplier: Sets the factor by which the lot size is increased in the Martingale strategy, affecting how aggressively the lot sizes are scaled.
  5. SL Type: Specifies the type of stop loss used in Martingale trades, either individual for each trade or the same across all trades.
  6. TP Type: Specifies the type of take profit used in Martingale trades, either individual for each trade or the same across all trades.
  7. Martingale Pips: Defines the pip distance at which Martingale trades are opened, influencing how frequently new trades are initiated in the strategy.

Indicator Settings:

  1. Verbose: A toggle to enable or disable verbose output for detailed logs and information during the Expert Advisor’s operation.
  2. Min Range: Sets the minimum range for price movements considered by the indicator, filtering out insignificant market fluctuations.
  3. Max Range: Sets the maximum range for price movements considered by the indicator, focusing the analysis on relevant market moves.
  4. High Low Filter: Defines the filter level for high and low price points used in the indicator analysis, refining the signal generation process.
  5. Hist Bars: Specifies the number of historical bars to analyze, impacting the depth of historical data considered in the indicator calculations.
  6. Analysis Enabled: Enables or disables additional analysis features, providing more insights and enhancing the signal generation process.
  7. Display Profits: Toggles the display of profit information on the chart, helping traders quickly assess the performance of their trades.
  8. Analysis Color: Sets the color used for analysis elements on the chart, enhancing visual clarity.
  9. Analysis Label: Sets the color for analysis labels, further aiding in visual differentiation of analysis elements.
  10. Bull Rectangle: Defines the color for bullish rectangles drawn on the chart, visually representing bullish market conditions.
  11. Bear Rectangle: Defines the color for bearish rectangles drawn on the chart, visually representing bearish market conditions.
  12. Display Alerts: Enables or disables on-screen alerts for significant market events, ensuring traders are promptly informed.
  13. Mail Alerts: Enables or disables email alerts for significant market events, providing notifications even when traders are not actively monitoring the charts.
  14. Sound Alerts: Enables or disables sound alerts for significant market events, providing audible notifications.
  15. Sound File: Specifies the sound file used for alerts, allowing customization of the alert tone.

Time Settings:

  1. Use Timer: Enables or disables time-based trading, controlling the Expert Advisor's trading activity within specified time windows.
  2. Start Time: Specifies the start time for trading, ensuring that trades are only placed during desired market hours.
  3. End Time: Sets the end time for trading, preventing new trades from being opened outside of preferred trading hours.
  4. Close Time: Defines the time at which all open trades should be closed, ensuring that positions are not held overnight or during off-market hours.

In conclusion, these input parameters collectively form the backbone of the Expert Advisor, offering traders a high degree of customization and control over their trading strategy. By specifying the lot size, traders can manage their exposure and align their trades with their risk management plans. The stop loss (SL) and take profit (TP) settings provide predefined exit points, crucial for protecting capital and securing profits in volatile markets. The ability to open trades at candle close ensures that trading decisions are based on confirmed market movements, thereby reducing the chances of entering trades based on temporary fluctuations. The use of magic numbers allows for efficient management and tracking of trades, especially when multiple Expert Advisors are deployed simultaneously. Limiting the maximum number of trades and incorporating settings like closing on opposite signals or indicator crosses provide robust risk management and dynamic trade exit strategies. Martingale settings further enhance the strategy by allowing traders to implement a recovery mechanism for losing trades, with the flexibility to define the maximum number of Martingale trades, use of lot multipliers, and specific pip distances for trade openings. This can significantly influence the risk-reward profile of the trading system. The indicator settings are designed to refine the signal generation process, ensuring that trades are based on meaningful market analysis. By enabling verbose output, filtering price movements by range, and defining the number of historical bars to analyze, traders can optimize their strategies to better align with market conditions. Visual elements like analysis colors and rectangles for bullish and bearish conditions enhance the clarity of the analysis, making it easier for traders to interpret and act on signals. Alerts, whether on-screen, via email, or through sound, ensure that traders are promptly informed about significant market events, allowing for timely decision-making even when not actively monitoring the charts. The time settings provide an additional layer of precision in trade management, ensuring that the Expert Advisor operates within defined trading hours, thereby aligning trading activities with the most favorable market conditions. These comprehensive settings empower traders with a robust tool for executing their day trading strategies with precision and confidence.

Install the Expert Advisor

  1. Download and Run MetaTrader 4 App
    • Visit the MetaTrader 4 official website and download the application.
    • Follow the installation instructions to set up MetaTrader 4 on your computer.
  2. Select ‘File’ from the Main Menu
    • Open MetaTrader 4 and look at the top menu bar.
    • Click on ‘File’ to open a dropdown menu.
  3. Open Data Folder
    • From the dropdown menu, click on ‘Open Data Folder.’ This action will open a new folder panel.
  4. Navigate to the ‘MQL4’ Folder
    • Inside the new folder panel, find and open the ‘MQL4’ folder.
    • Within ‘MQL4,’ locate the ‘Experts’ folder.
  5. Drag and Drop Your EA File
    • Drag and drop your Expert Advisor (EA) file into the ‘Experts’ folder.
  6. Add Required Indicators
    • If your EA requires specific indicators, navigate to the ‘Indicators’ folder within the ‘MQL4’ folder.
    • Drag and drop the necessary indicator files into the ‘Indicators’ folder.
  7. Restart MetaTrader 4
    • Close and reopen MetaTrader 4 to apply the changes and load your EA.

Verify Broker Compatibility

  • Ensure your broker supports EAs and has no restrictions on automated trading.

Backtest the EA's Strategy

  1. Open Strategy Tester Terminal
    • In MetaTrader 4, press Ctrl + R or go to ‘View’ and select ‘Strategy Tester.’
  2. Select the EA from the Dropdown
    • In the Strategy Tester panel, choose your EA from the dropdown menu.
  3. Configure the Backtest Settings
    • Select the symbol (currency pair) you want to test.
    • Choose the model (e.g., every tick) and set the date range for your test.
  4. Adjust Expert Properties
    • Click on ‘Expert Properties’ to adjust the input parameters of your EA, such as LotSize, TakeProfitPoints, and StopLossPoints.
    • For each parameter, define a Start value (initial value), a Step value (increment value), and an End value (maximum value). This allows the Strategy Tester to run multiple iterations with different parameter settings to find the optimal configuration.
  5. Run the Backtest
    • Click ‘Start’ to run the backtest. MetaTrader 4 will simulate trades based on historical data.
  6. Analyze Optimization Results
    • After the backtest completes, go to the ‘Optimization Results’ tab to review the performance metrics and results.

Set Up a Demo Account

  • Create a demo account in MetaTrader 4 to test your EA in real market conditions without risking real money.

Run the Expert Advisor

  1. Ensure AutoTrading is On
    • In MetaTrader 4, make sure the ‘AutoTrading’ button on the toolbar is activated (green).
  2. Enable Automated Trading
    • From the menu, navigate to ‘Tools’ > ‘Options’ > ‘Expert Advisors.’
    • Ensure ‘Allow automated trading’ is checked.
  3. Load the EA onto a Chart
    • Open a chart for the desired symbol and timeframe.
    • Drag and drop your EA from the Navigator panel onto the chart.
  4. Adjust Settings Based on Backtest Results
    • Open the EA settings and adjust parameters to match the optimal settings found during backtesting.
    • Set the risk parameters to align with your trading strategy and risk tolerance.

Monitor and Adjust the EA

  • Continuously monitor the EA's performance, especially in the initial phase.
  • Make adjustments as needed based on performance and changing market conditions.

Learning and Support Resources

  • Utilize forums, tutorials, and support communities to learn more about using EAs and troubleshooting issues.

Getting started with your Expert Advisor involves a systematic process of installation, backtesting, and execution. Installing the EA on MetaTrader 4 is straightforward but crucial, ensuring that the platform recognizes and can run your EA. Backtesting is an essential step that allows you to evaluate the performance of your EA against historical data, providing insights into its potential profitability and risk management. By analyzing optimization results, you can fine-tune your EA’s parameters for optimal performance. Finally, running the EA on a live chart requires enabling auto-trading and carefully adjusting settings to reflect the findings from your backtesting phase. This meticulous approach not only helps in understanding how the EA operates but also in achieving consistent and successful automated trading results. Backtesting, in particular, is vital as it helps in identifying strengths and weaknesses in your strategy, allowing for informed adjustments before risking real capital. With careful setup and continuous monitoring, your journey into automated trading can be both rewarding and educational.

10 reviews for Day Trading EA

  1. Jessica Green

    Day Trading EA changed my trading game. Indicators are spot on. Big profits now. Backtesting was essential.

  2. Dylan Baker

    Simple to use and delivers consistent results. Very satisfied with the performance.

  3. Victoria Lewis

    The best EA I’ve used. Solid strategy and consistent profits. My trading has improved significantly.

  4. Ella Roberts

    This EA delivers. The simplicity and performance are top-notch. Consistent earnings every day. Backtesting helped me optimize.

  5. David Harris

    This EA has improved my trading accuracy and profits significantly. Highly recommend for serious day traders.

  6. Emma Davis

    Effective EA with solid strategies. The indicators used are very reliable. Just watch out for high-risk trades.

  7. John Taylor

    Amazing results! The simplicity of the EA and its performance are outstanding. I earn consistent profits.

  8. Natalie Adams

    My trading has become much more efficient. Excellent tool with impressive results.

  9. Matthew Turner

    Effective tool, great for day trading. Learning the strategy took a bit but results are solid. Best input parameters were found through backtesting.

  10. Emily Davis

    WOW, just WOW! This trading advisor has completely transformed my trading approach. The setup was simple, and the results were almost immediate. The strategic insights are sharp and precise, and the risk management gives me peace of mind. It’s like having an expert by my side. Don’t miss out on this one!

Only logged in customers who have purchased this product may leave a review.

What are the key settings to configure in Day Trading EA?

The key settings in Day Trading EA include lot size, stop loss, and take profit levels. You can adjust the fixed lot size, set multiple take profit points (TP1 to TP10), and define the stop loss in points. Additionally, you can enable Martingale strategy and adjust its parameters for risk management.

How does the Day Trading EA determine trade entries and exits?

Day Trading EA uses custom indicators to analyze market conditions and determine trade entries and exits. The EA considers factors like candle close, indicator signals, and high-low filters. You can adjust these settings to fine-tune the strategy according to your trading preferences.

Can I use Day Trading EA for multiple currency pairs simultaneously?

Yes, you can use Day Trading EA for multiple currency pairs simultaneously by attaching it to different charts in MetaTrader. Ensure each instance has a unique magic number to avoid trade management conflicts and ensure accurate tracking of trades.

How does the Martingale strategy work in Day Trading EA?

The Martingale strategy in Day Trading EA increases the lot size after a losing trade to recover previous losses. You can configure the maximum number of Martingale trades, lot multiplier, and step pips. While this strategy can enhance profitability, it also increases risk.

How do I optimize the performance of Day Trading EA?

To optimize Day Trading EA, perform backtesting with historical data using different parameter settings. Adjust the input parameters like lot size, stop loss, take profit levels, and indicator settings. Analyze the backtest results to identify the best configuration for your trading goals and market conditions.

What types of alerts can be configured in Day Trading EA?

Day Trading EA supports visual alerts, email notifications, and sound alerts. You can enable these alerts in the settings and configure the necessary details to receive timely updates about trading activities and EA status.

What should I do if Day Trading EA is not opening trades?

If Day Trading EA is not opening trades, ensure the EA is correctly attached to the chart, automated trading is enabled, and input parameters are properly configured. Check the EA's log for error messages and verify there are no issues with your broker’s server or internet connection.

How does Day Trading EA handle different market conditions?

Day Trading EA uses a range of indicators and settings to adapt to different market conditions. You can configure high-low filters, enable or disable analysis features, and adjust indicator parameters to ensure the EA performs optimally in various market environments.

Can I disable the Martingale strategy in Day Trading EA?

Yes, you can disable the Martingale strategy in Day Trading EA by setting the "UseMartingle" parameter to false. This will prevent the EA from using the Martingale strategy, allowing you to follow a more conservative trading approach.

How does the magic number function in Day Trading EA?

The magic number is a unique identifier for trades opened by the Day Trading EA. It helps distinguish these trades from those opened manually or by other EAs. Assign a unique magic number to each instance of the EA to ensure proper trade management and avoid conflicts.

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