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Andrews Pitchfork Metatrader 4 Forex Robot

    The Andrews Pitchfork Metatrader 4 Forex Robot is an automated forex trading software that employs a set of logic that hails from the use of three parallel trend lines.

    These lines are critical in plotting levels of support and resistance, along with likely breakout points.

    The EA draws the Andrews Pitchfork (yellow dotted lines) on the screen upon activation.

    Once a trend is confirmed, the Andrews Pitchfork expert advisor selects three points which represents three consecutive peak and troughs.

    Certainly, the Andrews Pitchfork forex robot can be used to trade breakouts above the upper trend line and breakouts below the lower trend line.

    Free Download

    Download the “Andrew’s Pitchfork.mq4” MT4 robot

    Strategy Tester Report

    Find below the Andrews Pitchfork forex robot strategy tester report for the EUR/USD forex pair on the Daily chart.

    Overall Performance

    The EA made a total profit of $18153.62 from a total of 138 trades. The largest winning trade generated $2433.48 in profits while the largest losing trade generated a loss of-$786.99.

    Statistics:

    Bars in test: 2587 ticks modelled

    Initial deposit: $10000.00

    Total net profit: $18153.62

    Total trades: 138

    Largest profit trade: $2433.48

    Largest loss trade: -$786.99

    Consecutive wins: 5

    Consecutive losses: 1

    Download

    Download the “Andrew’s Pitchfork.ex4” Metatrader 4 robot

    MT4 Forex Robot Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Expert advisor

    Input Parameters: PITCHFORK length (bars), PITCHFORK color, Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Momentum_Sell, Momentum_Buy

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Andrews Pitchfork

    Installation

    Copy and paste the Andrew’s Pitchfork.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)