TakePropips Donchian Trend Pro Expert Advisor

TakePropips Donchian Trend Pro EA is based on our popular Donchian Trend Pro indicator! It uses a trend trading strategy to determine its entry.

This expert advisor uses the smart algorithm of the Donchian Trend Pro Indicator to detect strong trends and to filter out false signals.

Why do I need to use a trading robot (EA)?

• Robots never get tired, they scan the market all day and can provide more trading opportunities.
• No human factor - trades are based purely on pre-defined conditions and not emotions.
• Robots are faster than humans: quotes analysis, complex calculations and making trading decisions take fractions of a second.
• High accuracy of calculations. No errors caused by fatigue or carelessness.
• Robots can save your time. While a robot is trading, you can do something else.

Main Features:

Multi-Timeframe Trend Trade Filter

• The EA can detect higher timeframe trend to make sure that your entry timeframe and its higher timeframe are in the same direction of the trend.
• Example: If you enter a buy position on H1 timeframe, the EA will detect if the next higher timeframe (H4) is also in an uptrend. This way, we reduce false signals and improve the accuracy of the trades!

Win Percentage Rate Trade Filter

• The EA can filter trades based on previous win rate of the current instrument you are trading.
• Example: The EA will only enter a position if the previous win rate is 70% or greater. This way, we only enter quality trades with higher win percentage rate, resulting in higher success rate.

Trailing Stops

• The EA will automatically modify the stop loss to lock in profits.
• Once TP1 is hit, the stop loss for TP2 and TP3 will automatically be moved to breakeven (entry price).
• Once TP2 is hit, the stop loss for TP3 will automatically be moved to TP1 price.

All Orders Are Protected By Stop Loss

• Avoids unnecessary huge loss due to high market volatility. It's very important to have a stop loss especially when the market volatility suddenly spikes higher and it goes the opposite direction to your trades.

Auto Lot Size Calculation

• The EA can automatically calculate the necessary lot size for your orders based on the risk percentage you specified.
• Example: If you only want to risk 2% of your equity per trade, the EA will automatically calculate the proper lot size allocation for all 3 TP orders. You can also manually set the lot size if that's you preferred.

Alerts, Email & Push Notifications

• Get alerts from MetaTrader, email notification, and push notifications to mobile phones when the EA creates new orders.

No Martingale, No Grid, No Arbitrage

• This EA does not use dangerous strategies, only real stop loss and take profits.

Auto Close Orders On Opposite Signal

• The EA will automatically close open buy orders when a new sell signal is detected. Similarly, it will automatically close open sell orders when a new buy signal is detected.

3 Take Profit Orders

• The EA will create 3 orders with 3 different take profit to maximize your profit potential.
• You can however modify to either only enter with 1 order, 2 orders, or 3 orders.

Open Orders Time Restriction

• The EA can open orders only by a specified start time and end time.
• This is useful if you want the EA to only open within a specific time of the day. Example: You can set the EA to only open orders from 8:00am to 4:00pm.

High Spread and Slippage Protection

• The EA will not enter a trade if the current instrument is currently trading at a higher than normal spreads. This will help you avoid trading on low volume with high spreads.

How to use the EA?

First, make sure "AutoTrading" is enabled on MetaTrader platform.  

Second, open the chart you want the EA to trade and select the timeframe (H1 preferred). For example, if you want the EA to trade EURUSD and GBPUSD, then you need to open a chart for each pair and select your timeframe.  

Third, apply the EA to the chart and enter your license key. You can use your own settings or use the preloaded set files included in your downloads.  

Let the EA run by leaving your computer on or use a VPS so it can run non stop without interruptions.

What you SHOULD NOT expect from this EA?

This is not a "get rich quick" scam that you often see being advertised on trading robots so don't expect to double your money every week! This is a trading tool that has been tested and developed by professional traders with years of experience!

There is no such thing as 99% win rate. There will be some losses but it will never exceed your winning trades over the longer term. This is completely normal and most profitable EAs averages around 60-70% win rate.

What you SHOULD expect from this EA?

You can expect the drawdown to be less than 10% when you risk less than 2% per trade.

The EA will use take profit and stop loss on every trade.

Stable and fully functioning EA that has passed rigorous testing.

You can expect to receive future updates and receive support from our developer.

Recommendations:

Best timeframe to use is H1. It's the most stable timeframe I found based on my experience as price action is more predictable since there are less noise and less false signals unlike lower timeframes.

Trade only major Forex pairs with high liquidity and low spreads. These pairs are EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, NZDUSD, USDCHF. Set files will be included for these pairs.

If you want to trade Gold, Indices or Crypto, then use default settings.

A VPS is highly recommended to avoid interruptions. If you don't have a VPS, you can just let your computer running for the entire day.

Minimum deposit is $100.

How to install this software?

1. Complete your purchase - Click "Add to Cart" and proceed to checkout.
2. Download your software - you will receive an instant download link automatically after you made your purchase. It will be available for download immediately on the order confirmation page and it will also be sent to your email.
3. Unzip the file - video tutorial link will be included for installation process.

What payment options are accepted?

We accept PayPal, Visa, Mastercard, and Cryptocurrencies.

Please note that if you want to pay by Visa or Mastercard, you need to checkout by PayPal and select "Checkout as guest".

What's included in my purchase?

• TakePropips Donchian Trend Pro EA
• TakePropips Donchian Trend Pro Indicator (Bonus for limited time only)
• Lifetime support & free updates
• PDF Instruction Manual
• Installation instructions

NOTE: Once you’ve made your payment, you will be directed to a download link to receive instructions on how to activate your copy of the TakePropips Donchian Trend Pro EA.

If you have any questions or suggestions, feel free to contact us at info@takepropips.com

Disclaimer: Past performance does not always reflect future results!