Product Description

Panda Trader Pro

V1.20

Seller

Download Panda Trader Pro

Panda Trader Pro is located within the Experts category of the MQL5 marketplace, it was created by Michela Russo and first uploaded to the marketplace on the 10th of March 2020. It has received its most recent update on the 2nd of April 2020 and it is currently at version 1.2.

Overview

Panda Trader Pro is an expert advisor that was designed for the MetaTrader 4 platform, the EA was designed to work as a trend following robot that will look for trends and will trade during the Asian markets, the EA is also FIFO compatible. The EA does not use arbitrage, high frequency, martingale, or grid strategies which are known as some of the most dangerous ones to use, it also has a high resistance to slippage.

The details do not actually explain what the EA does in order to work out its trades, all that it states is that it does not use obsolete indicators and patters and that it has its own artificial intelligence algorithm that works with the market volatility to work out future trends.

The system can work on your own PC but it is recommended to use a VPS so you do not need to leave your computer on overnight, the EA uses stop losses and take profits to help with money management, the EA is best used with the EUSUD and GBPUSD currency pairs, although it can still be used on other ones too.

The recommended settings are that you use the EURUSD or GBPUSD currency pairs, it is best used on the M! Timeframe with an account of at least $500. Should use a low spread account such as ECN and the EA is FIFO compatible.

The parameters and settings that come with the EA allow you to alter the way that it works. Some of the available options include the lot sizes, the risk to use, Bollinger band settings, which days to trade on, take profit levels, stop loss levels, broker times, news filter, and more.