The Pull Back Metatrader 4 Forex Robot is an automated trading system that triggers buy/sell market signals when there’s a pull back inside the trend that is generated from an algorithm of two moving averages.
A market pullback is said to take place when price declines during an uptrend, or a rising price that trails a downtrend.
Although, the Pull Back expert advisor has been optimized for the EUR/USD on the 1-Day chart, the EA should work flawlessly on all time frames with any major currency pair such as GBP/USD, USD/JPY,…
Download the “PULL BACK.mq4” MT4 robot
Strategy Tester Report
Find below the PULL BACK forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $6410.69 from a total of 103 trades. The largest winning trade generated $521.48 in profits, while the largest losing trade generated a loss of-$319.87.
Bars in test: 2353 ticks modelled
Initial deposit: $10000.00
Total net profit: $6410.69
Total trades: 103
Largest profit trade: $521.48
Largest loss trade: -$319.87
Consecutive wins: 4
Consecutive losses: 1
Download the “PULL BACK.ex4” Metatrader 4 robot
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, FastMA, SlowMA, Distance, 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: MA | Pullback
Copy and paste the PULL BACK.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)