The Super Trend Metatrader 4 Forex Robot is an expert advisor that uses three technical indicators i.e.
- 150 Period MA
- RSI (3) with the levels of 80 and 20
- Stochastic (6, 3, 3) with the levels at 70 and 30
Interestingly, the parameters on the Super Trend forex robot can be altered and customized.
It is important to change the input parameters on the EA if the quotes for the currency pairs are not 5-digits.
The set of logic that explains the Super Trend robot takes an action to buy if the Bid > MA and a sell action is in place if the Ask < MA.
Other input variables on the EA like setting the Trailing Stop to equal 0, or > 0, can be used to manage the way the stop loss reacts to price.
Users should get acquainted to these management settings.
Strategy Tester Report
Find below the Super Trend forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
The EA made a total profit of $26717.64 from a total of 169 trades. The largest winning trade generated $12661.44 in profits, while the largest losing trade generated a loss of-$2943.00.
Bars in test: 5677 ticks modelled
Initial deposit: $10000.00
Total net profit: $26717.64
Total trades: 169
Largest profit trade: $12661.44
Largest loss trade: -$2943.00
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: RSi, RSi period, RSi applied price, level up – Rsi, level down – Rsi, Stochastic, K period, D period, slowing, Stochastic method, 0 – Low/High; 1 – Close/Close, level up – Stochastic, level down – Stochastic, MA, MA period…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: RSI | Stochastic | MA
Copy and paste the ea_rsi_stocho_ma.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)