The Silverstone Forex Robot for majors and minors is a scalping expert advisor that is setup for making profits off the markets during peak and off-peak price sessions.
It is essentially an MT4 expert advisor that scalps the market for small movements, taking advantage of the constant market activity.
The expert advisor works best when the market is strongly trending or equally when in a highly range-bound condition.
The Silverstone Forex scalper robot combines the stochastic and the Williams Percent Range indicators within its engine to form a highly profitable forex robot.
The EA made $3478.14 profit on the USD/JPY pair 5-Minute chart from an initial deposit of $500.
Feel free to tryout the robot on any major Forex pair of your preference (EUR/USD, GBP/USD, USD/JPY, …) along with minors like the EUR/GBP, EUR/AUD, GBP/JPY, CHF/JPY, NZD/JPY, GBP/CAD, etc.
Default EA settings:
Delay: 0, maxiposition: 5, close_optimized: “====== close_optimized ======”, closebyprofit: false, needprofit: 1000, losscan: 500, timeframe: “====== timeframe ======”, timeframem1: false, timeframem5: true, timeframem15: true, timeframem30: false, timeframem60: false, timeframem240: false, indicatorsperiod: “====== Indicators Period ======”, istochperiod: 26, iwprperiod: 26, postzigzagpeirod: 14.
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 Metatrader 4 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 MT4 expert advisor attached to the USDJPY 5-Minutes trading chart.
Strategy Tester Performance Highlights
The Silverstone Forex Scalper Robot made a total profit of $3478.14 ($500 initial deposit) from 54 trades during the initial testing period.
The largest winning trade generated $987.03 in profit, while the largest losing trade lost -$418.23.
See the test results report above for all details.
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Delay, max. position, close_optimized, closebyprofit, needprofit, losscan, timeframe, timeframem1, timeframem5, timeframem15, timeframem30, timeframem60, timeframem240, indicatorsperiod, istochperiod, iwprperiod, postzigzagpeirod.
More Info About This Expert Advisor
Recommended Currency pairs: Majors & Minors
Trading Platform: MT4
Time frames: M5 and above
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.