About the 20 Pips Expert Advisor
The 20 Pips Metatrader 4 Forex robot is an expert advisor that utilizes the moving average indicator and elements of the martingale strategy in triggering automated buy and sell market signals.
The 20 Pips forex robot sets its default period at 20.
In order for the EA to initiate buy or sell orders on a candlestick/price bar, it has to open and close either above or below the default 20-period moving average line, respectively.
Furthermore, the 20 Pips expert advisor has an additional plug-in module: Period_PCH, TakeProfit, and StopLoss.
Free Download
Download the “20_pips.mq4” MT4 robot
Key Features
Consistent Profit Target
Aims to secure 20 pips per trade, providing a clear and achievable profit goal.
Automated Trading
Executes trades automatically, reducing the need for constant market monitoring.
Advanced Risk Management
Includes features like stop loss, take profit, and trailing stop to manage risk effectively.
Customizable Settings
Allows traders to adjust parameters to suit their individual trading strategies and risk tolerance.
Multiple Timeframe Support
Compatible with various timeframes, offering flexibility for different trading styles.
Strategy Tester Report
Find below the 20 Pips robot strategy tester report for the GBP/USD forex pair on the Daily chart.
Overall Performance
The EA made a total profit of $2718.83 from a total of 2122 trades.
The largest winning trade generated $108.20 in profits, while the largest losing trade generated a loss of $117.38.
Statistics:
Bars in test: 2122 ticks modelled
Initial deposit: $10000.00
Total net profit: $2718.83
Total trades: 2122
Largest profit trade: $108.20
Largest loss trade: -$117.38
Consecutive wins: 22
Consecutive losses: 1
How the EA Works
- Monitors market conditions using a combination of technical indicators.
- Identifies optimal entry points based on predefined criteria.
- Executes trades automatically upon meeting entry conditions.
- Manages open positions with stop loss, take profit, and trailing stop features.
- Adjusts trading parameters dynamically based on market volatility.
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Download the “20_pips.ex4” Metatrader 4 robot
Parameters & Settings
- Lot Size: Adjustable based on account balance.
- Stop Loss: Configurable to suit risk management preferences.
- Take Profit: Set to 20 pips per trade by default.
- Trailing Stop: An Optional feature to lock in profits as the market moves favorably.
- Trading Hours: Customizable to trade during preferred market sessions.
Recommended Trading Setup
- Platform: MetaTrader 4 (MT4).
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY, and other major pairs.
- Timeframes: M15, M30, H1 for optimal performance.
- Broker: ECN accounts with low spreads and fast execution.
- VPS: Recommended for 24/5 uninterrupted trading.
FAQ
Is the 20 Pips EA suitable for beginners?
Yes, the EA is designed to be user-friendly, with easy installation and setup processes, making it accessible for traders of all experience levels.
Can I use this EA on a live account?
Absolutely. It’s advisable to test the EA on a demo account first to familiarize yourself with its functionality before deploying it on a live account.
Does the EA work with all brokers?
The EA is compatible with most brokers that offer MetaTrader 4. Ensure your broker supports the EA’s features and allows automated trading.
Can I adjust the profit target?
While the default setting aims for 20 pips per trade, you can modify the take profit parameter to suit your trading strategy.
Is there customer support available?
Yes, support is available through the Lucy Forex website. Visit the contact page for assistance with installation, setup, or troubleshooting.
Summary
The 20 Pips Expert Advisor offers a straightforward and effective solution for traders seeking to automate their trading and capture consistent profits.
With its focus on achieving 20 pips per trade, advanced risk management features, and customizable settings, it caters to both novice and experienced traders.
Download the EA today and start enhancing your trading strategy.
