The Trend Reversal Metatrader 4 Forex Robot is an automated trading software that uses customized technical indicators to spot trend reversals.
The construct of the forex robot is such that trade entries are initiated under the most stringent likelihood for success.
If we get a delayed trend reversal, a smart grid system is used in managing current market orders.
There’s the inclusion of a security filter within the expert advisor which helps prevent the risk of entering a sudden trend without a rollback that’s prompted by a news release.
To get better results, it is recommended that users use the EA on brokers with low spread.
Strategy Tester Report
Find below the Trend Reversal robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
The EA made a total profit of $1691.40 from a total of 44 trades. The largest winning trade generated $154.93 in profits while the largest losing trade generated a loss of-$589.07.
Bars in test: 3438 ticks modelled
Initial deposit: $500.00
Total net profit: $154.93
Total trades: 44
Largest profit trade: $154.93
Largest loss trade: -$589.07
Consecutive wins: 14
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: TakeProfit_S, Trade Time
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the GoodGbbi.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)