This robot swing trade on GBP/USD 4 Hour time frame and it was made for low leverage brokers offering 1:50 leverage.
This robot uses:
CCI, MACD, RSI, DeMarker, Bulls Power, Bears Power, and Money Flow Index. That’s a lot of built in functions.
This version1 robot is made to work for the year 2014 and 2015. Right now, the robot works for the year 2015. I don’t know if it’s going to work in the year 2016. I might need to create a version2 with compatible parameters for the following indicators CCI, MACD, RSI, DeMarker, Bulls Power, Bears Power, and Money Flow Index.
I’m letting people here in babypips trying it out for free.
Remember, you should always test it out on a demo account.
This is a test result for EURUSD 0.01 lot 4 Hour time frame with leverage of 1:200
This is a test result for FXchoice broker offering 1:200 leverage.
Time frame trading on chart: 4 Hour.
Starting lot size is: 0.15
Starting balance is: $500
This version1.1 robot uses martingale to double the lot size every time it is wrong on a trade.
What does swing trading means?
Answer: Swing trading usually refer to trading on a higher time frame such as 4 Hour, 1 Day, 1 Week or 1 Month chart time frame.
What broker’s leverage does this EA works on?
Answer: This Swing Trading EA version1.1 works on 1:200 leverage with starting lot size of 0.01 lot for EUR/USD. I’ve only tested it using FXchoice broker strategy tester for the year 2015.
Will this robot work for year 1999?
Answer: Probably not! Today economy is not the same as the economy for the year 1999, ect… I’m living in the year 2015, so I figured it would make sense to make an EA that only work in the year 2015.
Will this robot work for the year 2016?
Answer: Probably not! Every year, the price of EUR/USD changes. It depends on the economy. I will most likely make a new version that works for 2016. Swing Trading EA version2 will work for the year 2016.
When I first created the Swing Trading EA robot version 1.1 around September 19, 2015.
I was wondering if it has the capability of continue to be profitable to the end of the year 2015.
Right now it’s December 2, 2015. So, I did another test.
Swing Trading Robot Version 1.1. uses martingale strategy to double up the lot size when it is wrong on a trade. It trades on 4 hour time frame chart EUR/USD.
I tested the robot out with a demo account starting balance of $100,000, broker leverage: 500.
Starting lot size is 5 lots.
Result: It produced over $224,000 in net profit. I wouldn’t start out over 5 lots.
