USING DAXBOT EUROPE EXPERT ADVISOR FOR DAYTRADING THE DAX30
DAX30 – THE MARKET
An often overlooked yet incredibly volatile market that offers many trading opportunities for day traders and scalpers is the DAX30 market, otherwise known as the DE30, GER30 or just DAX. The DAX comprises of the 30 major German companies trading on the Frankfurt Stock Exchange. It is the most heavily traded stock Index in Europe and second only to the SP500 on the global stage.
With a 30-Day Rolling True Range of almost 300 intraday points (Size of the daily candle lo-hi), it creates a wealth of trading setups especially on lower time frames (1 minute & 5 minute), to take advantage of the powerful and explosive moves witnessed daily on this powerhouse market. Couple this fact with very low trading costs on DAX30 (around 0.5-1.0 points), the combination effect of high daily volatility and low costs creates the perfect conditions for a scalpers’ eden.
DAXBOT.eu SCALPING THE DAX
Our unique proprietary trading algorithm harnesses the power of this extraordinary trading instrument on the MetaTrader 4 platform via an Expert Advisor (EA). First thing in strategy development is rule definition. Our EA has clearly defined hard trading rules.
Trading is a simple business that humans over complicate. Win more than you loss and you have a stable system. Our system has a high win rate of 65%, profit factor of 1.55 and huge Z-score of 1.62. The Daxbot Europe holding time for a trade is 17 minutes, ensuring we do not hold and hope, win or loss, we exit.
Using take profit of 20 Dax points and a hard stop loss, the trader can easily set their risk metrics as each trade has a finite loss. Strategy is easy to manage and monitor and can trade up to 10 times a day depending on volatility.
PERFORMANCE AND RISK
We run DAXBOT on live trading accounts clearly demonstrating the powerful performance of this unique trading machine. Take a Trial of this EA and witness the trading yourself. Live Updated Performance monitoring by myfxbook ensures 100% trading transparency to all our users.
A quick trading system that holds trades for seconds or minutes, precise and deadly accurate trading positions daily on Europes' most heavily trades Index. A rapid market for a rapid EA.
The DaxBot runs on the 1-minute chart, a true top class scalper, with the trader setting their own lot size, governing their own risk.
USER FRIENDLY AND EASY SET UP
The DaxBot is very user friendly and is pre-programmed for single click install. All the user has to do is set the lot sizes (and possibly the trading window time, depend on broker). The trading window is usually GMT+2 in most ASIC and onshore brokers nowadays. User does not need to modify any other settings. Advanced EA users can play around with EA and develop further strategies on Gold, Oil, etc. The EA is not restricted to any one trading instrument, user is free to explore the market with it.
Orders are executed my market order only on the 1-minute bar. Again, users can increase this if they want to trade on 1 min charts, scalping DAX, scalping EURUSD, etc. As a preference we are not overly keen on scalping as we prefer to have less screen time and focus on high quality, high win rate signals, and it simplifies the whole attitude to successful automated trading.
MT4 – THE WORLDS FAVOURITE PLATFORM
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. DaxBot is designed to work on the MT4 platform.
PROPRIETARY ALGO & INDICATOR DESIGN
The crucial elements of the system is a perfect balance of momentum, rate of change and volume. These 3 elements are the cornerstone of the strategy and each one plays a crucial role in establishing a new signal on the Daxbot system. Our proprietary indicator inbuilt logic understands that momentum must be partnered with volume and rate of change. All 3 partners must line up to get buy/sell signal. This is no more crucial than an instrument such as DAX when heavy volume can create follow through buying and selling which is critical for profitable exit. A fast-moving market with thin volume has the high possibility of reversal due to weak buying/selling.
One of the greatest attributes of the system is a rest easy approach to trading. Trades are typically over quickly, leaving the trader the rest of the day to focus on other activities. It is 100% automated and requires no babysitting. No lingering orders, overnight trades or grid positions, it ticks all the boxes for trading sanity. An often overlooked part of trading is decision and emotion. Traders need to learn to switch off from trading and trade to live, not live to trade. In this regard, we consider our system a "lifestyle" expert advisor that makes traders money without overtaxing their time and life.
AlnoTrade Intelligent Trading Systems
P: +44 7555041451