The Pure Price Action Metatrader 4 Forex Robot is an automated trading system that utilizes a price action strategy in generating buy/sell trade signals that traders can trust.
It is quite an interesting expert advisor.
Once added and activated on any of the desired currency pairs, it sends a push notification to the mobile terminals, whose MetaQuotes IDs are indicated in the “Notification” tab.
Although the Pure Price Action expert advisor works best on the 1-Hour time frame, it can be optimized for use on other timeframes as well.
The Pure Price Action forex robot is quite easy to use and supervise.
It is also known to work for both ECN/Non-ECN brokers.
Strategy Tester Report
Find below the Pure Price Action forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
The EA made a total profit of $583.60 from a total of 69 trades. The largest winning trade generated $168.20 in profits, while the largest losing trade generated a loss of-$40.30.
Bars in test: 32816 ticks modelled
Initial deposit: $10000.00
Total net profit: $583.60
Total trades: 69
Largest profit trade: $168.20
Largest loss trade: -$40.30
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, MaximumRisk, 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: Price Action
Copy and paste the Pure Price Action.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)