TradeTitan EA MT4 (Update 20/06) Free Download

TradeTitan V2 Is Here! - An Essential Upgrade!

What is TradeTitan V2 About?

TradeTitan V2 is the latest iteration of the highly acclaimed TradeTitan EA, designed to enhance and maximize your account performance. This upgrade integrates user feedback and introduces several new features to provide a more robust and profitable trading experience. Existing license holders will receive an automatic upgrade to TradeTitan V2, which promises more power, profit, and user-friendly features, including PROP TRADING Account Scrambler functions.

Technical Specifications

Version: 2.0
Year of issue: 2024
Working pairs: XAUUSD
Recommended timeframe:  M5
Minimum Deposit: $1000
Average of account: 1:30 To 1:500

Best Brokers List

TradeTitan EA V2 works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

TradeTitan EA Settings

 

When is it Being Implemented?

The rollout of TradeTitan V2 is scheduled for March 2024. All existing users will be upgraded automatically, while new buyers will receive TradeTitan V2, with no further support for TradeTitan V1. All tracking and trading accounts will transition to the new version on performance records.

How Does it Differ?

TradeTitan V2 introduces several significant changes compared to its predecessor:

• 2 Chart Setup: Unlike the single chart setup in V1, V2 operates with a two-chart configuration, enhancing trade diversity and performance.
• Recovery Value: The recovery trade factor is reduced from 5.0 to 3.0, indicating a less aggressive recovery trade strategy.
• Breakeven Feature: V2 now includes a breakeven feature, offering traders more control over their trades.
• Customizable Trailing Stop Parameters: Users can now define their trailing stop parameters, providing greater flexibility.
• Order Modifications: Users can edit gap up and gap down settings at the order placement, which were previously hidden.
• Increased Trade Frequency: V2 sets orders twice daily, which can help traders pass prop trading challenges more quickly.
• Enhanced Trailing Function: Improved code allows for quicker movement of the trailing stop function.

Benefits for PROP Users

One of the standout features of TradeTitan V2 is its PROP Trading Account Scrambler functions. Traders can personalize their entry and exit strategies by scrambling their gap settings, trailing settings, and breakeven settings, thereby avoiding uniform trading patterns that could lead to breaches of prop firm rules.

Why Does it Benefit the User?

The introduction of a second trade to the strategy allows users to diversify their trading activities with zero correlation between the trades. This dual-trade approach can enhance trading performance by leveraging two independent trading times without any overlap.

Time Frame

TradeTitan V2 operates on the 5-minute chart of Gold (XAUUSD), ensuring quick and responsive trading actions..

Historical Performance Assessment & Comparison

Version 1

• Risk Profile: 2% start risk, 5.0 recovery, 10% max risk.
• Performance: Over three years, a return of $37k with a drawdown of $2.4k, risking up to 10% per trade.

Version 2

• Risk Profile: 2% start risk, 3.0 recovery, 6% max risk.
• Performance: Over three years, a combined return of $65k with similar drawdown, but with a maximum risk per trade reduced to 6%.

This represents a 75% increase in performance with a more manageable recovery trade, offering a significant improvement in both profitability and risk management.

Advantages and Disadvantages

Advantages

• Increased Profitability: Enhanced trading algorithms and more frequent trades can lead to higher returns.
• Reduced Risk: Lower recovery trade factor and maximum risk per trade provide better risk management.
• Customization: Greater flexibility with customizable trailing stops and gap settings.
• Prop Trading Compatibility: The scrambling function helps avoid prop firm breaches.

Disadvantages

• Complexity: The new features and customization options may require a learning curve for new users.
• Market Dependency: Performance is still subject to market conditions, and users must remain vigilant.
• Software Reliance: Heavy reliance on the EA’s algorithm means any bugs or errors could impact trading performance.

Conclusion

TradeTitan V2 represents a significant upgrade over its predecessor, offering enhanced performance, reduced risk, and greater customization. While it introduces more complexity, the potential for higher returns and better risk management makes it a valuable tool for serious traders. As with any trading tool, it’s essential to understand its functions fully and remain aware of market dynamics to maximize its potential benefits.

Download TradeTitan EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.