The Stochastic Metatrader 4 Forex Robot is an expert advisor that uses the Stochastic Oscillator indicator to create and implement fully automated buy and sell trading signals.
The Stochastic Oscillator is a momentum technical indicator that is used to identify overbought and oversold levels.
Stochastic signals from this EA include trade entry, stop-loss and take profit with trailing stop-loss.
The Stochastic forex trading robot is tailored to compare the closing price of a currency pair to the range of its price over a defined time set.
Interestingly, the Stochastic expert advisor offers flexible position management settings along with a lot of important features like customizable Stochastic EA input values which we very much advise users to familiarize or play around with.
The default FastMA value is set to 3 while the default SlowMA value is set to 160.
Download the “Stochastic.mq4” MT4 robot
Strategy Tester Report
Find below the Stochastic forex robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
The EA made a total profit of $1738.95 from a total of 61 trades. The largest winning trade generated $192.25 in profits while the largest losing trade generated a loss of-$118.73.
Bars in test: 10183 ticks modelled
Initial deposit: $50000.00
Total net profit: $1738.95
Total trades: 61
Largest profit trade: $192.25
Largest loss trade: -$118.73
Consecutive wins: 8
Consecutive losses: 1
Download the “Macd Power.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, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Stochastic.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)