The H-Power Moving Average Forex Robot is designed to buy and sell currency pairs based on a combination of moving averages, ADX and RSI.
The H-Power expert advisor performs very well on the EUR/USD pair but it can be deployed on other currency pairs as well.
The EA is able to evaluate the strength of the trend, gauge the likelihood of price strengthening and signal the most probable price direction.
The Forex robot can be used on sideways and trending market alike.
The EA made $7406.00 profit on the EUR/USD 1-Day chart from an initial deposit of $5000.
Feel free to test the automated robot on any major Forex pair of your preference (EUR/USD, GBP/USD, USD/JPY, …) along with most minors and exotic currency pairs i.e. GBP/EUR, EUR/AUD, GBP/JPY, CHF/JPY, USD/TRY, USD/MXN, EUR/HUF, GBP/ZAR, AUD/MXN, USD/THB, etc.
Default EA settings:
Balance minimum; 200, profit maximum; 10000, minimal margin level %; 30, maximum draw down; 70, consecutive loss; 5000, consecutive loss trade; 10, consecutive win; 10000, consecutive win trade; 30.
The 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 expert advisor for MT4 on a practice account first before running it on a live Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the H-Power Moving Average expert advisor attached to the EUR/USD 1-Day trading chart.
Strategy Tester Performance Highlights
The expert advisor made a total profit of $7406.00 ($5000 initial deposit) from 70 trades during the initial testing period.
The largest winning trade generated $140.00 in profit, while the largest losing trade lost -$0.00.
See the test results report above for all details.
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Balance minimum, profit maximum, minimal margin level %, maximum draw down, consecutive loss, consecutive loss trade, consecutive win, consecutive win trade.
More Info About This Expert Advisor
Recommended Currency pairs: Majors, Minors & Exotic Pairs
Trading Platform: MT4
Time frames: M30 – D1
Expert Advisor Type: Swing Trading
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.