About the Pull Back Expert Advisor
The Pull Back Metatrader 4 Forex Robot is an automated trading system that triggers buy/sell market signals when there’s a pullback inside the trend that is generated from an algorithm of two moving averages.
A market pullback is said to take place when the price declines during an uptrend, or a rising price that trails a downtrend.
Although the Pull Back expert advisor has been optimized for the EUR/USD on the 1-Day chart, the EA should work flawlessly on all time frames with any major currency pair, such as GBP/USD, USD/JPY,…
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Download the “PULL BACK.mq4” MT4 robot
Key Features
Trend Detection
The EA identifies the main trend using moving averages and momentum confirmation before considering an entry.
Pullback Filters
Custom pullback conditions ensure that the EA only trades when the price retraces by a meaningful amount, avoiding false setups.
Volatility & Session Control
Trading activity can be restricted to specific market sessions, and volatility filters help avoid risky entries during unstable conditions.
Money Management
The EA uses adjustable lot sizing based on account balance, helping traders maintain consistent risk management.
Auto SL/TP Scaling
Dynamic stop loss and take profit levels are adjusted automatically based on current market volatility.
Strategy Tester Report
Find below the PULL BACK forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
Key Performance
Performance tests show that the Pull Back EA performs best on major currency pairs when used with the recommended settings.
The strategy tends to deliver consistent trades with a balance between win rate and drawdown, especially when risk management is applied correctly.
The EA made a total profit of $6410.69 from a total of 103 trades.
The largest winning trade generated $521.48 in profits, while the largest losing trade generated a loss of $319.87.
Statistics:
Bars in test: 2353 ticks modelled
Initial deposit: $10000.00
Total net profit: $6410.69
Total trades: 103
Largest profit trade: $521.48
Largest loss trade: -$319.87
Consecutive wins: 4
Consecutive losses: 1
How the EA Works
- Identifies overall trend direction using technical filters.
- Waits for retracement signals based on configurable pullback rules.
- Confirms entry with volatility and session filters.
- Executes trades with dynamic stop loss and take profit levels.
- Manages open trades with break-even and partial close options if enabled.
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Download the “PULL BACK.ex4” Metatrader 4 robot
Parameters & Settings
- RiskPerTrade — sets the percentage of account balance risked per trade
- MA_Period — defines the moving average period used for trend detection
- Pullback_Distance — retracement distance in pips or ATR value
- MaxSpread — maximum allowed spread for trade entry
- TradeSessions — start and end hours for trading activity
- UseBreakEven — activates break-even management
- PartialClosePercent — percentage of position closed at a profit milestone
Recommended Trading Setup
- Currency Pairs: EURUSD, GBPUSD, USDJPY
- Timeframes: H1 or H4
- Broker: ECN or low-spread brokers
- Risk: 0.5% – 1.0% per trade
- Environment: VPS with 24/7 uptime for reliable execution
FAQ
Q: Can beginners use this EA?
A: Yes, the EA is beginner-friendly. Start with a demo account to understand how it works.
Q: Which timeframe is recommended?
A: H1 and H4 timeframes are most effective for this EA.
Q: Do I need a specific broker?
A: It works best with brokers offering low spreads and fast execution.
Q: Can I adjust the lot size?
A: Yes, you can modify lot sizing and risk management parameters to suit your account.
Q: Are profits guaranteed?
A: No, forex trading always carries risk. Results vary based on broker, settings, and market conditions.
Summary
The Pull Back Metatrader 4 Forex Robot is a powerful tool for traders who want to automate pullback-in-trend strategies.
With adjustable parameters, dynamic risk management, and session controls, it provides flexibility for different trading styles.
Free to download and easy to install, it is recommended to test thoroughly on a demo account before moving to live trading.
