The EUR/USD Forex Robot is an auto-trading software for MT4, designed to initiate buy and sell market orders on behalf of the user.
The expert advisor for Metatrader 4 works great for small trading accounts.
The EA minimizes losses to reduce the overall drawdown on the traded account.
It works well on the M30 charts and above.
It’s not recommended to deploy it on the lower time frames, such as M1 and M5 charts.
With as little as $100, you are able to start running this bot onto your live trading account.
It’s advised to test the EUR/USD expert on a demo account first.
The EA for small accounts made a $1691.40 profit on the EUR/USD pair 1-hour chart from an initial deposit of $500.
Default EA settings:
Take Profit_S: 15, trade time: 18.
The default EA settings can be modified directly by editing the source code or changing the Forex robot’s input values.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the EUR/USD expert advisor attached to the EUR/USD 1-hour trading chart.
Strategy Tester Performance Highlights
The EUR/USD expert advisor made a total profit of $1691.40 ($500 initial deposit) from 44 trades during the initial testing period.
The largest winning trade generated $154.93 in profit, while the largest losing trade lost -$89.07.
See the test results report above for all details.
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Adjustable Parameters & Inputs
Take profit_S, trade time.
More Info About This Expert Advisor
Recommended Currency pairs: Majors & Minors
Trading Platform: MT4
Time frames: M30 – D1
Expert Advisor Type: Intraday & Swing
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.