The Golden-Arch Forex Robot for Metatrader 4 is an automated Forex trading software that is used on the lower time frames for rapid order entry.
It has some interesting features like not transmitting the stop loss and take profit to the broker’s server, instead managing it within the expert advisor itself and closing trades once the take profit of stop loss is reached.
The Golden-Arch robot is a scalping system that is designed for the 1-minute or 5-minute chart.
This Forex robot has the ability to switch between a mini and standard trading account.
The expert advisor trades both long and short positions.
It carefully selects important positions to trade on autopilot.
The EA made a $1001828.36 profit on the M1 EUR/USD chart from an initial deposit of $10000.
Default EA settings:
Account Is Mini: true, money management: true, use trailing stop: false, trade size percent: 10.0, lots: 0.01, max. lots: 4.0, stop loss: 210.0, take profit: 18, margin cutoff: 300.0, slippage: 40.
The default EA settings 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 practice account first before running it on a real Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the M1 Golden-Arch expert advisor attached to the EUR/USD 1-minute trading chart.
Strategy Tester Performance Highlights
The scalping expert advisor made a total profit of $1001828.36 ($10000 initial deposit) from 352 trades during the initial testing period.
The largest winning trade generated $41406.97 in profit, while the largest losing trade lost -$54725.84.
See the test results report above for all details.
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Adjustable Parameters & Inputs
Account Is Mini, money management, use trailing stop, trade size percent, lots, max. lots, stop loss, take profit, margin cutoff, slippage.
More Info About This Expert Advisor
Recommended Currency pairs: Majors & Minors
Trading Platform: MT4
Time frames: M1 – M5
Expert Advisor Type: Scalping
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.