The 5 Minute Scalper Metatrader 4 Forex Robot utilizes a retracement strategy as a means of triggering buy/sell market autopilot market signals.
The 5 Minute Scalper forex robot works best on the 5-minute time frame and any low spread currency pair to maximize performance.
Therefore, the EA is best suited for trading the EUR/USD pair, asides other major currency pairs like GBP/USD, USD/CAD, USD/JPY and USD/CHF.
Fast and slow moving averages have also been integrated into the code of the expert advisor.
Modifying the values of the inputs variables, irrespective of the selected broker, implies greater flexibility.
Strategy Tester Report
Find below the 5 Minute Scalper forex robot strategy tester report for the EUR/USD forex pair on the 5-Minute chart.
The EA made a total profit of $2858.19 from a total of 119 trades. The largest winning trade generated $222.51 in profits, while the largest losing trade generated a loss of-$315.78.
Bars in test: 32533 ticks modelled
Initial deposit: $10000.00
Total net profit: $2858.10
Total trades: 119
Largest profit trade: $221.51
Largest loss trade: -$315.78
Consecutive wins: 4
Consecutive losses: 2
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, Fast MA, Slow MA, TakeProfit
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the 5MIN SCALPING.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)