The Risk-Reward Ratio Metatrader 4 Forex Robot utilizes the Relative Strength Index, Moving Averages and Stochastic indicator to open and close buy and sell positions on autopilot.
The Risk-Reward Ratio expert advisor is trusted to work with all major currency pairs, for instance EUR/USD, GBP/USD, USD/CAD, USD/JPY, etc. on all time frames.
In addition, the MT4 expert advisor gauges support and resistance level upon which it is able to adequately map out accurate overbought/oversold market levels.
It is these logic that allows it evaluate the direction price is heading.
Using this robot can be further enhanced if the user plays around with the EA’s input values for a more personalized setting.
Strategy Tester Report
Find below the Risk-Reward Ratio forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $137920.81 from a total of 173 trades. The largest winning trade generated $23648.20 in profits while the largest losing trade generated a loss of-$10048.77.
Bars in test: 2526 ticks modelled
Initial deposit: $50000.00
Total net profit: $137920.81
Total trades: 173
Largest profit trade: $23648.20
Largest loss trade: -$10048.77
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: True if you want to use the risk % to calculate the size, Enable “no loss”, When to move break even, How much pips to move sl, REWARD_RATIO, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: RSI | Stochastic
Copy and paste the Risk Reward Ratio.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)