The 10 Pips Metatrader 4 Forex Robot is an automated forex trading software that deploys two moving averages to grab 10 pips from the market at any given opportunity from its buy/sell market positions.
The trading robot stays in the market most of the time and switches between buy and sell positions when a fast moving average intersects over a slower moving average.
It’s an automated crossover moving average trading system that works on any pair.
The expert advisor offers fully customizable settings, along with flexible position management settings.
The 10 Pips EA works for both ECN and Non-ECN brokers.
Strategy Tester Report
Find below the 10 PIPS forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
The EA made a total profit of $4484.15 from a total of 250 trades. The largest winning trade generated $215.08 in profits, while the largest losing trade generated a loss of-$264.04.
Bars in test: 5396 ticks modelled
Initial deposit: $10000.00
Total net profit: $4484.15
Total trades: 250
Largest profit trade: $215.08
Largest loss trade: -$264.04
Consecutive wins: 8
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Moving Average
Copy and paste the 10PIPS.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)