The Harami Pattern MT4 forex robot is an expert advisor that uses the Harami trading pattern, MACD, Bollinger Bands and ATR to open and close trading positions on autopilot.
The EA uses the open price of the candlestick to buy, sell and close positions.
Feel free to experiment with the FastMA and Slow MA EA input values.
The Harami EA contains an interesting trailing stop loss function.
Download the “Harami.mq4” MT4 indicator
Strategy Tester Report
Find below the Harami Pattern forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $1927.04 from 158 trades. The largest winning trade generated $473.42 profits while the largest losing trade generated a loss of-$138.
Bars in test: 2055 ticks modelled
Initial deposit: $10000.00
Total net profit: $1927.04
Total trades: 158
Largest profit trade: $473.42
Largest loss trade: -$138.40
Consecutive wins: 2
Consecutive losses: 2
Download the “Harami.mq4” Metatrader 4 indicator
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: pips to move stop loss, maximum risk, take profit, lot size, trailing stop, slow MA, fast MA, distance…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Harami.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)