The Sunrise Forex scalper robot for Metatrader 4 is built on the Relative Strength Index technical indicator.
It is an algorithmic trading software that scalps the market for steady profits.
The automated trading software takes advantage of overbought and oversold price patterns.
The algorithm adequately captures sudden price movements that can yield up or downward spikes.
It is not common for the Sunrise Forex MT4 Robot to initiate numerous positions considering that it is a scalping robot.
For this reason, when the algorithmic rules for overbought or oversold conditions are satisfied, the EA proceeds on initiating buy/sell positions.
The EA uses sets of codes that calibrates the RSI score on a 0-100 gauge.
The EA made $726.47 profit on the EUR/USD pair 1-minute chart from an initial deposit of $10000.
Feel free to tryout the robot on any major Forex pair of your preference (EUR/USD, GBP/USD, USD/JPY, …) along with exotic pairs like EURZAR, EURHUF, NZDCHF, SGDJPY, etc.
Default EA settings:
Buy_Bewegung: 18, buy_period: 2, buy_breakdown, buy_rsiv: 30, sell_bewegung: 8, sell_period: 3, sell_breakdown: 4, sell_RSIv: 85, buy_stop loss: 80, buy_take profit: 20, sell_stop loss: 40, sell_take profit,….
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 Sunrise scalping 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 strategy tester performance report for the Sunrise scalper expert advisor attached to the EUR/USD 1-minute trading chart.
Strategy Tester Performance Highlights
The Sunrise expert advisor made a total profit of $726.47 ($10000 initial deposit) from 212 trades during the initial testing period.
The largest winning trade generated $7.91 in profit, while the largest losing trade lost -$31.61.
See the test results report above for all details.
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Adjustable Parameters & Inputs
Buy_Bewegung, buy_period, buy_breakdown, buy_rsiv, sell_bewegung, sell_period, sell_breakdown, sell_RSIv, buy_stop loss, buy_take profit, sell_stop loss, sell_take profit.
More Info About This Expert Advisor
Recommended Currency pairs: Majors & Exotics
Trading Platform: MT4
Time frames: M1 – M5 – M15
Expert Advisor Type: Scalping
Copy and paste the expert advisor in the MT4 experts data folder.