The TakePropips Donchian Trend Pro EA is a sophisticated trading tool based on the popular Donchian Trend Pro indicator. This TakePropips EA employs a trend trading strategy, utilizing the algorithm from the TakePropips Donchian Trend Pro Indicator to recognize strong trends and filter out deceptive signals.

Features of the TakePropips Donchian Trend Pro EA:

  1. Multi-Timeframe Trend Trade Filter: It analyzes higher timeframe trends to ensure that both the entry and its higher timeframe align with the trend direction. This synchronization minimizes false signals and enhances trade accuracy.
  2. Win Percentage Rate Trade Filter: The Pro EA evaluates trades based on the historical win rate of the current instrument. It engages in positions only if the previous win rate is 70% or higher, thus ensuring that only quality trades with a higher probability of success are executed.
  3. Trailing Stops: This feature allows the EA to adjust the stop loss dynamically to secure profits. It moves the stop loss to breakeven after the first take profit is hit and continues to adjust it as subsequent targets are reached.
  4. All Orders Are Protected By Stop Loss: To safeguard against sudden market spikes, every order is backed by a stop loss, ensuring that large losses are mitigated.
  5. Auto Lot Size Calculation: Depending on the specified risk percentage, the EA calculates the appropriate lot size for each trade, ensuring that the risk is managed according to user preference. Manual lot size input is also available.
  6. Alerts, Email, & Push Notifications: Users receive updates through MetaTrader alerts, emails, and push notifications on mobile devices whenever the EA initiates new orders.
  7. No Martingale, No Grid, No Arbitrage: The EA strictly follows conventional trading strategies by setting real stop losses and take profits, avoiding risky strategies like Martingale, grid, and arbitrage.
  8. Auto Close Orders On Opposite Signal: To prevent against trend reversals, the TakePropips EA automatically closes open orders when a new opposite signal is detected.
  9. 3 Take Profit Orders: It creates up to three orders with different take profits for each trade, aiming to maximize profit potential. Users have the option to modify this setting to one, two, or all three orders.
  10. Open Orders Time Restriction: Users can set specific times for the EA to operate, allowing trades only within a chosen window of the day, thus avoiding unwanted times for trading.
  11. High Spread and Slippage Protection: The EA is designed to avoid entering trades during times of abnormally high spread and slippage, which are typically indicative of low-volume trading conditions.

Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how the TakePropips Donchian Trend Pro Expert Advisor works, then only use it in a real account.

Recommendations for TakePropips EA

  • Minimum of 100$ Account.
  • Work Best on EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, NZDUSD, and USDCHF. (Work on any pair)
  • Best on H1 Timeframe. (Work on any TimeFrame)
  • For best performance, I Recommend running TakePropips EA 24/5. I Recommend using a VPS (Reliable and Trusted FOREX VPS – FXVM)
  • Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)

Conclusion of TakePropips Donchian Trend Pro Expert Advisor

Overall, the TakePropips Donchian Trend Pro Expert Advisor is a robust tool for traders looking to enhance their trading strategy with automated, trend-following techniques. Its comprehensive features are built to provide a sophisticated trading experience while mitigating risk and enhancing the probability of successful trades.