Bull Bear Scalper Metatrader 4 Forex Robot
The Bull Bear scalper expert advisor generates powerful automated trading signals on any pair and time frame.
However, the programmer recommends to use the robot on the GBPUSD currency pair for best results.
The buy/sell trade logic is based on the bull bear technical indicator.
The default take profit target is set to 150 pips with the initial stop loss set to 45 pips.
The trailing stop loss is set to 15 pips.
Feel free to experiment with the different input parameter values for optimized performance and use on a demo account first.
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Strategy Tester Performance Report
Find below the Bull Bear Scalper robot tester performance report for the EUR/USD currency pair attached to the 4-Hour chart.
Strategy Tester Performance Highlights
The expert advisor gained $1968246 from a total of 28754 trades. The largest winning trade generated $1470 in profits, while the biggest losing trade reported during the testing period was -$478.
Overall, the Bull Bear Scalper FX robot traded profitable during the testing period.
Test Period Details:
Bars in test: 8402 ticks modelled
Initial deposit: $10000.00
Total net profit: $1968246
Total trades taken: 28754
Largest profitable trade: $1470
Largest losing trade: -$478
Consecutive winning trades: 150
Consecutive losing trades: 5
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MT4 Forex Robot Highlights
Supported Currency pairs: Any (majors, minors, currency crosses)
Supported Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day
Type: Bull bear
Trading Platform: Metatrader 4
Type: Expert advisor (EA)
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, trailing stop, take profit, stop loss, slippage
How to install and run this FX Robot?
- Copy the RobotPowerM5_meta4V12.mq4 file into the Experts folder of the MT4 platform.
- Then close and restart the MT4 platform.
- Finally, attach the robot to the chart.