This is a money-spinning Forex robot that opens two starting pending orders designed for buying and selling currency pairs.
The lot size is automatically computed on the grounds of the account equity and the maximum surge of leverage between 0.01 to 0.07.
The EA also meticulously considers the size of the two previous 1-Day candlesticks, distance between the current price and those of previous two price bars and the size of trailing.
The EA is programmed to trail the pending orders in a manner until one of them gets triggered.
Traders can also decide to either set the EA to only trigger buy or sell positions by modifying the Expert’s Common settings.
The EA made a $1430.68 profit on the EUR/USD pair 1-Day chart from an initial deposit of $700.00.
Feel free to test the robot on any major currency pair of your preference (EUR/USD, GBP/USD, USD/JPY, …) and commodities like oil, gold, etc.
Default EA settings:
Lots: 0.1, stop loss: 140, t110: null, magic: 0
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 demo account first before running it on a live Forex account.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report for the MT4 expert advisor attached to the EURUSD 1-day trading chart.
Strategy Tester Performance Highlights
The MT4 expert advisor achieved a total profit of $1430.68 ($700 initial deposit) from 1417 trades during the initial testing period.
The largest winning trade generated $617.73 in profit, while the largest losing trade lost -$606.91.
See the test results report above for all details.
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More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.