Linear Regression Channel Metatrader 4 Forex Robot

The Linear Regression Channel Metatrader 4 Forex Robot is an automated forex trading software that uses statistical functions to forecast the direction of price.

It has an algorithm that is carefully coded to outline the high, the low, and the middle of a price move under study.

Seemingly, the Linear Regression Channel forex robot is typically employed when there’s need to analyze the upper and lower limits of an existing currency trend.

It is also on record that the Linear Regression Channel EA aids traders pinpoint optimal entry and exit points during price tendencies on the activity chart.

The expert advisor trades only with the price of open candle.

It works best on all time frames with major currency pairs i.e. EURUSD, GBPUSD, USDJPY, USDCAD, etc.

Free Download

Download the “linear regression channel.mq4” MT4 robot

Strategy Tester Report

Find below the Linear Regression Channel forex robot strategy tester report for the EUR/USD forex pair on the Daily chart.

Overall Performance

The EA made a total profit of $12780.01 from a total of 260 trades. The largest winning trade generated $1237.16 in profits while the largest losing trade generated a loss of-$653.02.

Statistics:

Bars in test: 2047 ticks modelled

Initial deposit: $10000.00

Total net profit: $12780.01

Total trades: 260

Largest profit trade: $1237.16

Largest loss trade: -$653.02

Consecutive wins: 5

Consecutive losses: 1

Download

Download the “linear regression channel.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Channel length (bars), Channel color, Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Distance, Momentum_Sell, Momentum_Buy

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Linear Regression Channel

Installation

Copy and paste the linear regression channel.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)

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