The profitable daytrading expert advisor for Metatrader 4 is based on the Stochastic and MACD technical indicators.
It uses the following indicator settings:
For MACD: 12,26,9
For Stochastic: 5,3,3
The author recommends to use the daytrading EA on the 5-minute charts with 20 pips target.
It’s also recommended to use it on low spread currency pairs such as: EUR/USD, GBP/USD, USD/JPY, AUD/USD,…
Feel free to experiment with the different input parameter values for optimized performance and use on a demo account first.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report for the daytrading robot attached to the EUR/USD 5-Minutes chart.
Strategy Tester Performance Highlights
The robot made a total profit of $13589.00 from a total of 151 trades. The largest winning trade generated $220.80 in profits, while the biggest losing trade reported during the testing period was -$-967.80.
Overall, this EA traded profitable during the testing period.
Test Period Details:
Bars in test: 24689 ticks modelled
Initial deposit: $10000.00
Total net profit: $13589.00
Total trades taken: 151
Largest profitable trade: $220.80
Largest losing trade: -$967.80
Consecutive winning trades: 28
Consecutive losing trades: 2
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MT4 Forex Robot Highlights
Supported Currency pairs: Any (majors, minors, currency crosses)
Supported Time frames: 5-Minutes
Type: Trend trading
Trading Platform: Metatrader 4
Type: Expert advisor (EA)
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, trailing stop, take profit levels, stop loss level, slippage
How to install and run this FX Robot?
- Copy the DayTrading.mq4 file into the Experts folder of the MT4 platform.
- Then close and restart the MT4 platform.
- Finally, attach the robot to the chart.