The Day Trading Metatrader 4 Forex Robot is an automated forex trading software that trades with a popular day trading strategy as the building block for its algorithm that delivers buy/sell market entry and exit signals.
The Forex robot is known to work best on the 1-day time frame on major currency pairs like the EUR/USD, GBP/USD, USD/CAD, US/JPY, AUD/USD and others.
You can experiment with cross pairs as well, such as GBP/JPY and EUR/JPY.
With a push of button, the Day Trading expert advisor runs nonstop, entering, exiting and managing positions that are signaled by the mathematical algorithm applied to previous price history.
The robot is known to move its initial stop to break even in order to remove the risk from the open trade.
Strategy Tester Report
Find below the Day Trading forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $1521.02 from a total of 99 trades. The largest winning trade generated $493.14 in profits, while the largest losing trade generated a loss of-$161.21.
Bars in test: 2562 ticks modelled
Initial deposit: $10000.00
Total net profit: $1521.02
Total trades: 99
Largest profit trade: $493.14
Largest loss trade: -$161.21
Consecutive wins: 2
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, MaimumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, Distance, Momentum_Sell, Momentum_Buy, count
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Day Trading
Copy and paste the Day Trading.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)