The Cobra Scalper Forex robot is an expert advisor built for MT4 that deploys Bollinger bands, Double Exponential Moving Average (DEMA), Moving Average and candlesticks in deciding likely entries and exits.
The main goal of the Cobra scalper expert advisor is to determine the automatic exit or entry of a trade position by relying on set of rules that define overbought and oversold price conditions.
It analyzes the currency market for volatility change and automatically triggers entries and exits when all trading conditions are met.
The Cobra EA made $180711.60 profit on the EUR/USD pair 5-minute chart from an initial deposit of $10000.
The EA can be tested on any currency pair of your preference without limitations.
Default EA settings:
Allow ORDER: true, risk perc: 0, risk pips: 0, profit pips: 0, trailing stop: 0, lot size: 1, initial lot: 0, custom tick value: 0,..
The default parameters can be modified directly by editing the source code or changing the Forex robot’s input values.
It’s highly advised to test the expert advisor for MT4 on a demo account first before running it on a real Forex account.
Download This MT4 Forex Robot Free
Download the “Godbot_v1_2_1.mq4” Metatrader 4 Robot
Strategy Tester Performance Report
Find below the strategy tester performance report for the Cobra scalper expert advisor attached to the EUR/USD 5-minute trading chart.
Strategy Tester Performance Highlights
The Cobra scalper EA made a total profit of $180711.60 ($10000 initial deposit) from 706 trades during the initial testing period.
The largest winning trade generated $6276.60 in profit, while the largest losing trade lost -$4084.40.
See the test results report above for all details.
Download This Expert Advisor Now
Download the “Godbot_v1_2_1.mq4” MT4 Expert Advisor
Adjustable Parameters & Inputs
Allow ORDER: true, risk perc: 0, risk pips: 0, profit pips: 0, trailing stop: 0, lot size: 1, initial lot: 0, custom tick value: 0,..
More Info About This Expert Advisor
Recommended Currency pairs: Majors & Minors
Trading Platform: MT4
Time frames: M1 – M30
Expert Advisor Type: Scalping
Installation
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.
