About the Andrews’ Pitchfork Expert Advisor
The Andrews Pitchfork Metatrader 4 Forex Robot is an automated forex trading software that employs a set of logic that hails from the use of three parallel trend lines.
These lines are critical in plotting levels of support and resistance, along with likely breakout points.
The EA draws the Andrews Pitchfork (yellow dotted lines) on the screen upon activation.
Once a trend is confirmed, the Andrews Pitchfork expert advisor selects three points that represent three consecutive peaks and troughs.
Certainly, the Andrews Pitchfork forex robot can be used to trade breakouts above the upper trend line and breakouts below the lower trend line.
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Download the “Andrew’s Pitchfork.mq4” MT4 robot
Key Features
Dynamic Pitchfork Detection
Automatically identifies swing points to draw Andrews’ Pitchfork for visual and algorithmic trend channel boundaries.
Channel Boundary Entries
Triggers entries when price touches or rejects upper/lower pitchfork boundaries or midline, for mean-reversion or momentum trades.
Trend & Volume Filters
Optional trend direction and volume filters help validate pitchfork signals and avoid low-probability entries in indecisive markets.
Risk-Aware Trade Management
Includes adjustable stop loss, take profit, and optional intra-channel trailing to secure profits while respecting channel structure.
Strategy Tester Report
Find below the Andrews Pitchfork forex robot strategy tester report for the EUR/USD forex pair on the Daily chart.
Overall Performance
The EA made a total profit of $18153.62 from a total of 138 trades.
The largest winning trade generated $2433.48 in profits, while the largest losing trade generated a loss of $786.99.
Statistics:
Bars in test: 2587 ticks modelled
Initial deposit: $10000.00
Total net profit: $18153.62
Total trades: 138
Largest profit trade: $2433.48
Largest loss trade: -$786.99
Consecutive wins: 5
Consecutive losses: 1
How the EA Works
- Detects swing high and swing low points to construct Andrews’ Pitchfork automatically at each signal window.
- Monitors price reaching channel boundaries—upper, mid, or lower—for potential reversal or continuation setups.
- Uses optional trend or volume filters to validate signal strength before entry.
- Places stop loss and take profit levels based on channel width or fixed pip distances.
- Allows optional trailing inside the channel to lock in profits as the price moves favorably.
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Download the “Andrew’s Pitchfork.ex4” Metatrader 4 robot
Parameters & Settings
- SwingLookback — number of bars for identifying swing high/low points.
- UseTrendFilter — enables trend direction filter (e.g., moving average or ADX-based).
- VolumeFilter — require minimum volume for entries (useful for certain brokers).
- EntryBoundary — choose upper, midline, lower, or a combination for entries.
- StopLossPips / TakeProfitPips — fixed pip values for risk management.
- ChannelWidthMultiplier — scales stop/target levels according to channel size.
- UseTrailing — toggle trailing inside channel; includes TrailingStart / TrailingStep values.
Recommended Trading Setup
- Pairs: EURUSD, AUDUSD, GBPUSD — pairs with reliable swing behavior and clean trend channels.
- Timeframe: H1 or H4 to allow a clean pitchfork structure and manageable trade frequency.
- Account Type: ECN or low-spread broker for precise pivot-level execution.
- Risk: 0.5%–1% of account equity per trade, depending on acceptable drawdown and volatility.
- Use Strategy: Combine with broader trend-following logic or volume confirmation for robust entry validation.
FAQ
Do I need to draw the pitchfork manually?
No — the EA automatically identifies swing points and draws the pitchfork lines internally.
Can it trade both reversals and trend continuations?
Yes — entries can be configured at boundary levels for mean-reversion or midline/breakouts for trend continuation.
Is the trend filter mandatory?
No — it’s optional. Enabling the trend filter can improve signal quality in choppy markets, but the EA works without it too.
How do I avoid overtrading in ranging markets?
Use trend and volume filters to reduce signals during low-volatility or consolidating conditions.
How can I test it before live deployment?
Use the included .set file on a demo account for at least one month, across trending and ranging markets, to assess behavior.
Summary
Andrews’ Pitchfork EA for MetaTrader 4 applies structured Andrews’ Pitchfork logic to trade trend channels and pullbacks with precision.
It combines automatic boundary detection, optional filters, and smart trade management to deliver disciplined, chart-backed automation.
Download the free EA package, explore its recommended settings, test on demo, and refine to suit your trend-trading objectives.
