The UP Bot 1 Pivot Point Metatrader 4 Forex Robot is an EA that does not employ technical indicators, instead it utilizes only the price values of the current and previous bars for its running.
The set of logic that defines the expert advisor is founded on the idea of the robot scanning for pivot points.
Once the UP Bot 1 forex robot defines these pivot points, it then enters the market using market orders.
To ensure profitability, each order is safeguarded using a take profit and stop loss (which can be adjusted within its settings).
Setting the stop loss value to zero ensures that the EA can automatically calculate it.
Strategy Tester Report
Find below the UP Bot 1 forex robot strategy tester report for the EUR/USD forex pair on the 5-Minute chart.
The EA made a total profit of $195.82 from a total of 101 trades. The largest winning trade generated $77.70 in profits while the largest losing trade generated a loss of-$12.04.
Bars in test: 34513 ticks modelled
Initial deposit: $1000.00
Total net profit: $195.82
Total trades: 101
Largest profit trade: $77.70
Largest loss trade: -$12.04
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: separator1, TakeProfit, StopLoss, HLdivergence, SpanPrice, Lots, MaxTrades, Slippage, MagicNumber, separator2, TrailingStop, TrailStopLoss, ZeroTrailingStop, Step Trailing, OutputAtLower, OutputAtRevers, SpanToRevers
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the s7_up_bot_1.00.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)