Price Action Metatrader 4 Forex Robot

The Price Action Metatrader 4 Forex Robot uses a price action “no lag” strategy to initiate buy/sell market triggers.

It deploys a set of logic that analyzes market patterns, coupled with support and resistance on different time frames.

Moreover, it observes the relative size, position, shape, volume and growth of bars within the candlestick chart.

We recommend to start trading the Price Action forex robot on a free forex MT4 demo account before putting it to work on a live trading account.

It is the behavioral interpretation of price action that this robot uses to build a buy/sell trading strategy.

Free Download

Download the “PRICE_ACTION.mq4” MT4 robot

Strategy Tester Report

Find below the Price Action forex robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.

Overall Performance

The EA made a total profit of $5323.70 from a total of 407 trades. The largest winning trade generated $561.30 in profits, while the largest losing trade generated a loss of-$193.04.

Statistics:

Bars in test: 10129 ticks modelled

Initial deposit: $10000.00

Total net profit: $5323.70

Total trades: 407

Largest profit trade: $561.30

Largest loss trade: -$193.04

Consecutive wins: 3

Consecutive losses: 2

Download

Download the “PRICE_ACTION.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: 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…

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

Type: Price Action

Installation

Copy and paste the PRICE_ACTION.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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