This trading robot uses Fibonacci levels retracement. There are horizontal lines that indicate support or resistance levels. The main Fibonacci level retracements are 38.2%, 50%, and 61.8% correction of the main movement. The parameters are optimized for the USDJPY pair at the H1 chart. The exit signal of the expert is stop loss, take profit, or trailing stop. The expert advisor works with fix lot and with just one open position. It does not use any type of average loss or martingale logic. The robot has 5 years backtest and one year forward test with a hundred trades.
|Current market position||Short position|
|Profit in points||1453|
|Profit per trade (in points)||14.83|
|Brokers||Also, keep in mind that the spread of different brokers is different and this can also affect the final result. We recommend Pepperstone and Alpari for our experts.|
|Download link||Get unlimited version|