- August 15, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Day Trading Lab Review
Day Trading Lab EA trades for a while during Tokyo and London time. The main logic is time control, and it is a specification for a same-day closure that does not carry over the position to the following day. A parameter can be used to activate or disable the input for each time period. A TP and SL are present for every transaction, and martingale and other risky trading strategies are not employed.
Terminal | MT4 |
Currency pair | USDJPY |
Timeframe | H1 |
Money management | At least 100 currency units |
Best Brokers List
The Day Trading Lab Ea works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
Day Trading Lab Ea Setting
Backtesting:
Testing on historical data was done using a deposit of $1,000 and a lot size of 0.1 set in the adviser's settings; if your deposit is $100, set the lot size to 0.01, accordingly.
Conclusion:
It seems to me that these advisers are able to generate more profit than advisers sprayed on multi-volatility, and I think that in this case, everything is obvious to many as to why this is the case. I really like advisers with a similar trading approach, specialized for one currency pair and taking precisely its features and specifications into account in trading.
Even in manual trading, I can say that someone who concentrates on one or more currency pairs can make much more money than someone who, for example, trades on 20 currency pairs. The reason for this is that each currency pair has its own characteristics of the movement, and after following one pair for a while, a person develops an intuitive sense of when and in which direction the currency pair will move. The same would apply if a person held many jobs; he would not be able to fulfill the duties of a builder, surgeon, and salesperson all at once with comparable proficiency. In trading, the same is valid. If you've just begun trading, I advise starting with one or two currency pairings and progressively adding more as you figure out how to make money from them.
Regarding this Expert Advisor, backtesting has shown that it performs admirably; all that is left to do is test it on a penny or demo account and, if it yields promising results, apply it to a real account. I also suggest you take a closer look at the advisor SCARLET EURUSD that I published in the previous post; perhaps it makes sense to combine these two counselors on one account and earn a tidy profit!
Day Trading Lab EA Free Download
We highly recommend trying the Day Trading Lab EA for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.