The free Day Trading Forex expert advisor for Metatrader 4 works on the 5-minute charts and uses 20 pips profit limit on all trades.
It works on all currency pairs equally.
The MT4 robot combines MACD, Stochastic, PSAR and Momentum to open and close trades automatically on your trading account.
Default EA settings:
Lots: 1.0, trailing stop: 15, take profit: 20, slippage: 3
All default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the day trading expert advisor first on a demo account.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report the Day Trading expert advisor.
Strategy Tester Performance Highlights
The day trading robot made a total profit of $13589.00 from 151 trades during the test period.
The largest winning trade generated $220.80 in profits, while the biggest losing trade lost -$967.80.
See the test results report above for all details.
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Lots, trailing stop, take profit, stop loss, slippage.
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frame: M5
Indicator Type: day trading
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.