Trade Angel is an FX expert advisor produced by Gregory of the AlnoTrade group. We will explore Trade Angel EA’s features, its pricing as well as its performance. If you are searching for TradeAngel EA review to know whether it is legitimate or an outright scam, then you are at the right place. This shall be based on such factors as vendor transparency, the robot’s performance and legitimacy of the results.
The vendor of the advisor is Gregory Hay from United Kingdom. He has over 3 years experience developing software on MQL5. So far, he has published 16 signals with over 330 subscribers. He has average 4.7 rating across his multiple products on MQL5.
Trade Angel Review
Trade Angel EA is a fully automated robot that is capable of 100% hands free trading. Setting up this expert advisor requires a professional knowledge, making it not suitable for all traders. The robot uses trading window from 9am Frankfurt time to 8pm and requires an advanced settings to configure time zone. Lot size settings are not straight forward and varies with your broker. Also margin requirements can be very high for DAX in some brokers.
Once these settings are gotten right, the robot may proceed to trade the DE40 index in the right direction.
Trade Angel Strategy
Trade Angel has a simple and mediocre presentation. We’d like to know more about it and the trading methodology.
- The FX expert advisor operates by monitoring the movement & volatility of the DAX40 during market hours only.
- It uses hard stop loss and take profit of 40 – 50 points.
- Trade Angel opens trades from Dax open (9am Frankfurt) until 8pm Frankfurt time.
- The robot Works in 3 time frames: 15M, 30M and 1 hour.
- It trades maximum of 3 trades at any one time (1 per chart), no high amount of orders to monitor
- Dax40 index is a very low cost instrument to trade with most brokers quoting 0.5 – 1.0 spread with small/no commissions.
- The advisor does not hold onto long term losing trades
- It uses a recovery function on the next trade that will increase the trade size x2 after loss for 5 levels max.
- Users have option to disable recovey function by setting the input increaselotafterloss = false.
The current price is $999. We may enjoy both versions of the system, MT4, and MT5. There’s no rental option available at the moment.
We can download it for demo usage. We have no refund policy provided.
We have got a TradeAngel system that ran on the DE40 on the 2019-2022 data. The modeling quality was 98%. An initial deposit was $10,000. It has turned into $12179.51 of the total net profit. The profit factor was 1.35. The recovery factor was 4.08. There were 1252 deals traded with 49.85% of the win rate for shorts and 49.47% for longs.
We have a real account with the Trade Angel running automatically on BlazeMarkets and on MT5. The growth has amounted to 281%. The maximum drawdown is 16.5%. The maximum deposit load is 28.3%. An initial deposit was $10,000. The developer have not done any withdrawal since 22 weeks of monitoring this account. Copying these signals will cost you about $99 per month.
Trade Angel executes 16 orders weekly. An average holding time is 1 hours. The account was created on July 30, 2022.
Der30.spot is the principal asset traded with . On it, the system opened more orders on the sell direction than on the buy direction.
Myfxbook.com result shows a system with average monthly gain of 33.01% and drawdown of 16.53%.
Trade Angel traded 278 deals. The best trade is $3,779.92 when the worst trade is -$-2,670.09. The profit factor is 1.49. Win rate floats around 57%
From time to time, the Trade Angel increases lot sizes in attempt to recover losses.
Best month was August 2022, and since then profitably has been decreasing.
Trade Angel is a DE40 index-based trading solution that uses a proprietary indicators called angel factor/period. Settings requires professional help and we don’t know if it’s possible to repeat these customizations and settings on our terminal. According to the myfxbook result, monthly profits is significantly decreasing since the peak value in August 2022. Despite using a risky recovery function to recoup losses and to smoothen the growth curve, the EA has a relatively low win rate.
Wallstreet Forex Robot is a piece of software that works based on scalping. The latest version comes with a broker spy module that prevent unfair play by brokers during trading.
It costs just $267 and you also get a bonus auto bot systems.
Get the complete robot package at: wallstreet-forex.com