Stochastic Metatrader 4 Forex Robot

The Stochastic Metatrader 4 Forex Robot is an expert advisor that uses the Stochastic Oscillator indicator to create and implement fully automated buy and sell trading signals.

The Stochastic Oscillator is a momentum technical indicator that is used to identify overbought and oversold levels.

Stochastic signals from this EA include trade entry, stop-loss and take profit with trailing stop-loss.

The Stochastic forex trading robot is tailored to compare the closing price of a currency pair to the range of its price over a defined time set.

Interestingly, the Stochastic expert advisor offers flexible position management settings along with a lot of important features like customizable Stochastic EA input values which we very much advise users to familiarize or play around with.

The default FastMA value is set to 3 while the default SlowMA value is set to 160.

Free Download

Download the “Stochastic.mq4” MT4 robot

Strategy Tester Report

Find below the Stochastic 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 $1738.95 from a total of 61 trades. The largest winning trade generated $192.25 in profits while the largest losing trade generated a loss of-$118.73.

Statistics:

Bars in test: 10183 ticks modelled

Initial deposit: $50000.00

Total net profit: $1738.95

Total trades: 61

Largest profit trade: $192.25

Largest loss trade: -$118.73

Consecutive wins: 8

Consecutive losses: 1

Download

Download the “Macd Power.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…

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

Type: Stochastic

Installation

Copy and paste the Stochastic.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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