DAXBOT V2 - THE SCIENCE OF SCALPING
For DAY Trade Scalping on 1 Minute Chart
100% Fixed Rule Based Automated
Fixed Stop and Profit Levels
Easy 5 Minute Set-Up
Use Any broker with DAX30 & reasonable spread
High Quality Trades & Win Rate
Transparent Trading Reults
DAXBOT DOES ALL THE TRADING FOR YOU, INCLUDING POSITION OPEN/CLOSE/STOP AND PROFIT WITH MONEY MANAGEMENT. IT IS A 100% HANDS FREE TRADING SYSTEM.
We run our systems on live trading accounts clearly demonstrating the powerful performance of this unique trading machine. Take a Trial of this EA and witness the trading yourself. Live Updated Performance monitoring by myfxbook ensures 100% trading transparency to all our users.
A quick trading system that holds trades for seconds or minutes, precise and deadly accurate trading positions once daily on Europes' most heavily trades Index. A rapid market for a rapid EA.
DaxBot V2.1 runs on the 1 minute chart, a true top class scalper of the highest calibre.
RULE BASED TRADING
First thing in strategy development is rule definition. Our EA has clearly defined hard trading rules.
Trading is a simple business that humans over complicate. Win more than you loss and you have a stable system. Our system has a high win rate of 65%, profit factor of 1.55 and huge Z-score of 1.62. Our averaging holding time for a trade is 17 minutes, ensuring we do not hold and hope, win or loss, we exit.
Using take profit of 20 pips (points in DAX) and a hard stop loss, trader can easily set their risk metrics as each trade has a finite loss. Strategy is easy to manage and monitor and can trade up to 10 times a day depending on volatility. DaxBot V2.1 uses a trailing stop function that activates at +15 points to lock in profit.
PROPRIETARY ALGO & INDICATOR DESIGN
The crucial elements of the system is a perfect balance of momentum, rate of change and volume. These 3 elements are the cornerstone of the strategy and each one plays a crucial role in establishing a new signal on the Daxbot system. Our proprietary indicator inbuilt logic understands that momentum must be partnered with volume and rate of change. All 3 partners must line up to get buy/sell signal. This is no more crucial than an instrument such as DAX when heavy volume can create follow through buying and selling which is critical for profitable exit. A fast moving market with thin volume has the high possibility of reversal due to weak buying/selling.
Like most major indices (DOW, CAC, FTSE, S+P), much of the action is witnessed in the first hour of trading, this is the perfect time window to establish a position as many banks, hedge funds and institutions are frantically placing orders. We called this the "golden hour", and respected properly can be harnessed to make a fantastic trading system. Our system will open the earliest trade at 9am CET at market open, (does not open in pre-market). The DAX is a rapid market and the system seeks to exploit the first explosive move of the trading session, using fixed loss and profit orders.
One of the greatest attributes of the system is a rest easy approach to trading. Trades are typically over quickly, leaving the trader the rest of the day to focus on other activities. It is 100% automated and requires no babysitting. No lingering orders, overnight trades or grid positions, it ticks all the boxes for trading sanity. An often overlooked part of trading is decision and emotion. Traders need to learn to switch off from trading and trade to live, not live to trade. In this regard, we consider our system a "lifestyle" expert advisor that makes traders money without overtaxing their time and life.
DAXBOT OPERATING HOURS
Choosing the time frame is vital for a strategy success. Our Daxbot trades on the 1-min chart, a superb timeframe that detects momentum movements quickly.
It operates between the hours of 9.05am CET-5.30pm CET.
DAXBOT trades up to 10 times a day, it is action packed! It does not hold any trades outside this trading "window"
The foundation of any automated system is the ability for the system to withstand all market conditions, slow, fast, volatile, spikey, news, etc. Daxbot Europe demonstrates the ability to perform each and every month without frantically re-optimising or changing strategy, it is solid and dependable.
All backtesting is conducted using 99% model quality from Dukascopy. [www.dukascopy]
We would not have invested our time and money into a product that can not clearly demonstrate weakness free trading. All our performance and backtests (under the strategies heading) can be found in our myfxbook profile here: https://www.myfxbook.com/members/DaxBot
Independently they are here:
USER FRIENDLY SET-UP
The DaxBot is very user friendly and is pre-programmed for single click install. All the user has to do is set the lot sizes. The trading window is usually GMT+2 in most ASIC and onshore brokers nowadays. User does not need to modify any other settings. Advanced EA users can play around with EA and develop further strategies on Gold, Oil, etc. The EA is not restricted to any one trading instrument, user is free to explore the market with it.
Orders are executed my market order only on the 1 minute bar. Again, users can increase this if they want to trade on 1 min charts, scalping DAX, scalping EURUSD, etc. As a preference we are not overly keen on scalping as we prefer to have less screen time and focus on high quality, high win rate signals, and it simplifies the whole attitude to successful automated trading.
THE WORLDS' MOST WELL KNOWN PLATFORM
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the brokers customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.
The platform is focused on margin trading. At the same time, MetaTrader 5 also works with equities and commodities exchange-traded commodities. Both MetaTrader 4 and 5 can use custom indicators and trading programs (called Expert Advisors) for trading automation.
WHY DAXBOT WILL WORK FOR YOU
This EA has been developed by traders with over 30 years combined experience, it has all the attributes needed for successful day trading.