UP Bot 1 Pivot Point Metatrader 4 Forex Robot

The UP Bot 1 Pivot Point Metatrader 4 Forex Robot is an EA that does not employ technical indicators, instead it utilizes only the price values of the current and previous bars for its running.

The set of logic that defines the expert advisor is founded on the idea of the robot scanning for pivot points.

Once the UP Bot 1 forex robot defines these pivot points, it then enters the market using market orders.

To ensure profitability, each order is safeguarded using a take profit and stop loss (which can be adjusted within its settings).

Setting the stop loss value to zero ensures that the EA can automatically calculate it.

Free Download

Download the “s7_up_bot_1.00.mq4” MT4 robot

Strategy Tester Report

Find below the UP Bot 1 forex robot strategy tester report for the EUR/USD forex pair on the 5-Minute chart.

Overall Performance

The EA made a total profit of $195.82 from a total of 101 trades. The largest winning trade generated $77.70 in profits while the largest losing trade generated a loss of-$12.04.

Statistics:

Bars in test: 34513 ticks modelled

Initial deposit: $1000.00

Total net profit: $195.82

Total trades: 101

Largest profit trade: $77.70

Largest loss trade: -$12.04

Consecutive wins: 2

Consecutive losses: 2

Download

Download the “s7_up_bot_1.00.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: separator1, TakeProfit, StopLoss, HLdivergence, SpanPrice, Lots, MaxTrades, Slippage, MagicNumber, separator2, TrailingStop, TrailStopLoss, ZeroTrailingStop, Step Trailing, OutputAtLower, OutputAtRevers, SpanToRevers

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

Type: Price

Installation

Copy and paste the s7_up_bot_1.00.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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