The 3 Moving Averages Price pattern Metatrader 4 Forex Robot is an automated trading software that utilizes three moving averages and price patterns for triggering buy and sell market alerts on autopilot.
The moving average is one of the most popular forex trading indicators!
Interestingly, the forex trading robot features an interesting optimization parameter that allows it automatically adjust lot sizes.
The expert advisor works best on the 1-hour, 4-hour and daily time frames.
The EA trades with the price of open candles.
In a bid to increase your winning odds when deploying the 3 Moving Averages Price Pattern robot, users should play around with EA’s inputs variable values.
Strategy Tester Report
Find below the 3 Moving Averages Price Pattern forex robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
The EA made a total profit of $1488.15 from a total of 65 trades. The largest winning trade generated $552.68 in profits, while the largest losing trade generated a loss of-$224.69.
Bars in test: 4135 ticks modelled
Initial deposit: $10000.00
Total net profit: $1488.15
Total trades: 65
Largest profit trade: $552.68
Largest loss trade: -$224.69
Consecutive wins: 4
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: pips Beyond candle to stop, Risk Present, Rward_Ratio, How much candles for min/max, Momentum_sell, Momentum_Buy, MAGICNUMBER…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Aouto Adjusting EA.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)