The Robot Power Forex MT4 bot uses the bulls powers and bear powers trend indicators for its automated buy and sell trade logic.
The trend is defined by the sum of the bull powers and bear powers indicators.
- When the sum is positive, the Robot Power expert will open a buy trade.
- When the sum is negative, the Robot Power expert will open a sell trade.
The expert advisor performs better when applied to the higher time frames (H1, H4, D1).
Default EA settings:
Take profit: 150, lots: 1.0, stop loss: 45
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 Robot Power Forex bot for MT4 first on a demo account before going live with it.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report the Robot Power MT4 expert advisor.
Strategy Tester Performance Highlights
The Robot Power MT4 expert made a total profit of $1968246 from 28754 trades during the test period.
The largest winning trade generated $1470.00 in profits, while the biggest losing trade lost -$478.80.
See the test results report above for all details.
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Lots, Bull Bear period, take profit, trailing stop, stop loss, secure profit, slippage
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.