Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Welcome to DiabloTrade Expert Advisor, a highly effective intraday trader for FX and indices markets. Developed by our team to work in normal accounts, funded prop accounts and prop challenges!
See Profile here for more information: https://www.mql5.com/en/users/fxmanagedforexltd
IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. Reason as Indices are varied instrument in broker, some digits are different and so are contract sizes, you will need expert advise on that. Forex is standard instrument across the board and easier to navigate.
Discounted launch price. The price will increase in coming weeks.
Diablo Index Trading 100K Low Risk: https://www.mql5.com/en/signals/2323378
Over 10 more accounts running DiabloTrade on my profile page including PUPrime, IC and FPMarkets accounts from $1k upwards: https://www.mql5.com/en/users/fxmanagedforexltd
A very different approach to trading.
DiabloTrade is a Grid based scalper system that uses Stop loss and combines both news filters and time based closes as part of its account management inputs. It does not use lot size increase but will add positions at strategic levels and exit with maximum potential upside. Diablo is not like your usual grid system that will ruin the account with an excessive number of trades and uncapped risk. It utilises a stop loss level (% or $ loss), whereby the EA will close all trades and halt trading until next day, ensuring your account is protected from adverse trading moves. This makes it very usable for prop accounts that enforces limited daily losses.
DiabloTrade runs on FX (USDJPY/EURJPY) pairs and indices (NASDAQ/DAX40). The 4 instruments can be run on same account, or indices/FX only account or on 4 separate accounts, whichever user prefers. This ensures the end user has lots of trading power across multiple asset classes. It will trade much more often on Indices over FX due to the volatile nature of the markets, and ability for system to get in and out quicker.
DiabloTrade is advantageous to both prop users and standard traders. The system can pass challenges promptly and also continue to trade on the funded account. The system contains a range of input features that allows the trader to navigate prop rules. (Time based news filters, close all trades on Friday, maximum daily loss, etc). It also has function to limit the number of positions opened.
DiabloTrade has Fixed Lots trading mode and balance proportional trading which will automatically change your lot sizes as balance increases. It is a plug and play system with very little set up required. It will carefully monitor the market, identify trading opportunities, and execute trades with precision, all while managing your risk effectively.
Minimum requirements and recommendations
- Recommended brokers: Brokers with good spreads and conditions in FX and Indices.
- Standard Account is better as the effect of commissions is not as severe on P+L. (Or low commission RAW account)
- Minimum initial deposit: $500 in accounts with 1:500 leverage.
- Recommended initial deposit: $1000 in accounts with 1:500 leverage.
- Leverage at least >1:30
- Account type: Hedging.
- Use a VPS for the EA to work 24/7 (Mandatory).
TradingSpecifications:
- >5000 Trades per month on indices (DE40/NAS100)
- >600 Trades per month on FX pairs (EURJPY/USDJPY)
- Using 5 min chart
- Exit - Internal Mechansim, not fixed target
- Has Value amount or % Stop Loss
- Easy setup 5 min
- Ability to close all trades X min before and after Red/yellow news so not holding over release
- Uses MQL calendar as reference
- Ability to prohibit new trades X minutes before and after news release.
Please get in touch any questions via PM. Find backtests and any necessary set files in comments and screenshots
