The 20 Pips Metatrader 4 Forex robot is an expert advisor that utilizes the moving average indicator and elements of the martingale strategy in triggering automated buy and sell market signals.
The 20 Pips forex robot sets its default period at 20.
In order for the EA to initiate buy or sell orders on a candlestick/price bar, it has to open and close either above or below the default 20 period moving average line respectively.
Furthermore, the 20 Pips expert advisor has an additional plug-in modules: Period_PCH, TakeProfit and StopLoss.
Strategy Tester Report
Find below the 20 Pips robot strategy tester report for the GBP/USD forex pair on the Daily chart.
The EA made a total profit of $2718.83 from a total of 2122 trades. The largest winning trade generated $108.20 in profits, while the largest losing trade generated a loss of-$117.38.
Bars in test: 2122 ticks modelled
Initial deposit: $10000.00
Total net profit: $2718.83
Total trades: 2122
Largest profit trade: $108.20
Largest loss trade: -$117.38
Consecutive wins: 22
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Period_PCh, TP, StopLoss
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: MA | Martingale
Copy and paste the 20_pips.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)