The Stochastic & Parabolic Scalper Metatrader 4 Forex robot is also known as the 15 minute scalper forex robot.
It is an expert advisor that deploys the Stochastic & Parabolic indicators in delivering buy/sell market entry and exit signals.
As a scalping forex indicator, the Stochastic & Parabolic Scalper forex expert advisor is designed to make incremental profits over a short time period.
Over time, these little profits can add up to significant amounts and can prove to be quite money-spinning for currency traders.
You may choose to use this EA on any currency pair but its preferred time frame is the 15 Minutes chart.
Although as a scalping auto trading strategy, the 1-minute and 5-minute chart can also be adopted.
Strategy Tester Report
Find below the Stochastic & Parabolic Scalper forex robot strategy tester report for the EUR/USD forex pair on the 15-Minute chart.
The EA made a total profit of $2168.85 from a total of 183 trades. The largest winning trade generated $325.50 in profits, while the largest losing trade generated a loss of-$110.65.
Bars in test: 26808 ticks modelled
Initial deposit: $10000.00
Total net profit: $2168.85
Total trades: 183
Largest profit trade: $325.50
Largest loss trade: -$110.65
Consecutive wins: 4
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, MaimumRisk, 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
Type: Stochastic | Parabolic
Copy and paste the STOCHASTIC&PARABOLIC SCALPER.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)