This trading robot uses two 144 period EMA’s to initiate buy and sell trades. A trailing stop is used to lock in profits or reduce the trading risk for the open market position.
As always, feel free to experiment with the EA input values until you find the optimal settings (take profit, trailing stop,…) that works best for your time frame.
Buy order: The EA opens a buy order when the price hits the 144 period exponential moving average high price. The robot opens automatically a trailing stop at the 144 period EMA low price and trails it up every time period.
Sell order: The forex bot opens a sell order when the price hits the 144 period exponential moving average low price. The robot opens automatically a trailing stop at the 144 period EMA high price and trails it down every time period.
Currency pairs: any
Best time frames: Suitable for 1 min charts and above.
Download the Binario-Forex-Robot.ex4.
Configurable Expert Advisor Options
Lots, take profit, trailing stop, maximum risk …