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TakePropips Donchian Trend Pro EA
TakePropips Donchian Trend Pro EA is based on our popular Donchian Trend Pro indicator! This EA uses a trend trading strategy based on the Donchian Channel indicator with additional key indicators to detect high probability trend setups.
The EA does not use dangerous strategies. No Martingale, No Grid, No Arbitrage, Only Real Stop Loss and Take Profit.
Link to EA MT5 Version
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.
Win Percentage Rate Trade Filter
- The EA can filter trades based on previous win rate of the current instrument you are trading.
Trailing Stops (3 Options)
- ATR Trailing Stops - uses the ATR value to determine stop loss
- Trailing Steps - updates the stop loss for every pip increase in the direction of your trade
- TakePropipsTrailingStop - once TP1 is hit, the SL will immediately move to breakeven for TP2 & TP3. Once TP2 is hit, the SL for TP3 will move 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.
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 orders when a new opposite 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 modify if you prefer just 1 order, 2 orders, or all 3 orders.
Open Orders Time Restriction
- The EA can open orders only by a specified start time and end time.
3 Options to Set Your Take Profit and Stop Loss
- Risk/reward ratio - you can set your preferred risk/reward ratio and it will auto-calculate your TP based on the size of your SL
- Fixed value in Pips - you can specify a fixed amount of pips for setting the size of TP & SL
- ATR Multiplier - you can specify the multiplier value of the ATR to be used for calculating the TP & SL
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 this EA to NEVER blow up your account as long as you stay under 2% risk per trade. The EA does NOT use dangerous strategies such as martingale, grid, or "recovery" type method.
The EA will use take profit and stop loss on every trade.
Stable and fully functioning EA that has passed rigorous testing.
Pairs are EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, NZDUSD, USDCHF. Set files are available after purchase.
Minimum deposit is $100 per pair.
Test on demo account first to make sure your setup is correct. Use low risk and increase your risk gradually as you get more profitable.
NOTE: By default, the EA will automatically optimize the settings for the recommended pairs which is similar to using the set files. If you want to modify your own setting, turn the setting "Auto-Optimize Settings" to false.
The EA uses built in optimized settings for each recommended pairs so a shift test might show different result.
If you want to download the instructional manual and the individual set files, please PM me after your purchase.
View live results here
If you have any questions, please PM me or email at firstname.lastname@example.org
Disclaimer: Past performance does not always reflect future results!
Increased risk limit for auto-lot feature
Added filter to disable trading on Fridays
Added ability to hide the side panel
Added an option to enable a slightly higher breakeven target for trailing stops
Fixed auto-lot issue to properly calculate lot size if risk percentage is less than 1%
Added ability to immediately move stop loss to breakeven once TP1 is hit if ATR Trailing Stop is enabled.
Added a setting that allows TP3 to not have a take profit. Used to take advantage of longer trends.
Added a setting that allows the EA to open opposite trades from its signals. Mostly used for hedging trades.
Fix some issues regarding EA only opening partial positions and not all 3 positions when its enabled.
Fixed auto-lot calculation when trading XAUUSD