About the Stochastic Expert Advisor
The Stochastic Metatrader 4 Forex Robot is an expert advisor that uses the Stochastic Oscillator indicator to create and implement fully automated buy and sell trading signals.
The Stochastic Oscillator is a momentum technical indicator that is used to identify overbought and oversold levels.
Stochastic signals from this EA include trade entry, stop-loss, and take profit with trailing stop-loss.
The Stochastic forex trading robot is tailored to compare the closing price of a currency pair to the range of its price over a defined time set.
Interestingly, the Stochastic expert advisor offers flexible position management settings along with a lot of important features like customizable Stochastic EA input values, which we very much advise users to familiarize or play around with.
The default FastMA value is set to 3, while the default SlowMA value is set to 160.
Free Download
Download the “Stochastic.mq4” MT4 robot
Key Features
Automated Trend Reversal Detection
Uses the Stochastic Oscillator to identify overbought and oversold conditions, entering trades at optimal reversal points.
Dynamic Trade Management
Automatically manages open trades with trailing stop, break-even, and partial close options to maximize profits and minimize losses.
Custom Alerts & Notifications
Sends alerts or notifications for every trade signal, enabling traders to stay updated without constantly monitoring the charts.
Multiple Trading Strategies
Supports different trading strategies, including crossovers of %K and %D lines, overbought/oversold levels, and confirmation from other indicators.
High Compatibility
It can be applied to multiple currency pairs, commodities, and indices, making it versatile for various markets.
Optimized for Backtesting
Fully compatible with MT4 Strategy Tester for historical backtesting and parameter optimization to improve trading performance.
Advanced Risk Management
Features adjustable lot size, stop loss, take profit, and risk percentage per trade for consistent money management.
Strategy Tester Report
Find below the Stochastic forex robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
Key Performance
The EA made a total profit of $1738.95 from a total of 61 trades.
The largest winning trade generated $192.25 in profits, while the largest losing trade generated a loss of $118.73.
Statistics:
Bars in test: 10183 ticks modelled
Initial deposit: $50000.00
Total net profit: $1738.95
Total trades: 61
Largest profit trade: $192.25
Largest loss trade: -$118.73
Consecutive wins: 8
Consecutive losses: 1
How the EA Works
- Monitors the Stochastic Oscillator for overbought and oversold conditions.
- Generates buy signals when the Stochastic Oscillator is below 20 (oversold) and the %K line crosses above the %D line.
- Generates sell signals when the Stochastic Oscillator is above 80 (overbought) and the %K line crosses below the %D line.
- Executes trades automatically when conditions are met.
- Manages open trades with user-defined risk parameters.
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Download the “Macd Power.ex4” Metatrader 4 robot
Parameters & Settings
- Stochastic_Period — period for the Stochastic Oscillator.
- Overbought_Level — level indicating overbought conditions (default 80).
- Oversold_Level — level indicating oversold conditions (default 20).
- StopLoss — stop loss level in pips.
- TakeProfit — take profit level in pips.
- LotSize — trade lot size.
- Risk_Percent — percentage of account balance risked per trade.
- MagicNumber — unique identifier for trades placed by this EA.
Recommended Trading Setup
- Pairs: EUR/USD, GBP/USD, USD/JPY for liquidity and low spreads.
- Timeframes: M15 and H1 for optimal trend reversal identification.
- Broker: ECN or low-spread broker recommended for accuracy.
- Account Type: Standard or ECN with fast execution.
- Risk Management: 1–2% per trade for account stability.
FAQ
Which timeframes work best with this EA?
The Stochastic EA performs best on M15 and H1 timeframes, but it can be used on other timeframes with proper parameter adjustment.
Can I run this EA on multiple currency pairs at the same time?
Yes, you can attach the EA to multiple charts simultaneously. Make sure each chart uses a unique Magic Number to avoid conflicts.
Is it suitable for both beginner and experienced traders?
Yes, beginners should start on a demo account to learn the settings, while experienced traders can customize parameters for optimal results.
How does the EA handle sideways or ranging markets?
The EA is optimized for trending or reversal conditions. In choppy or sideways markets, performance may be reduced, so adjusting parameters is recommended.
Can I customize the lot size, stop loss, and take profit?
Absolutely. The EA allows full customization of all risk management parameters to fit your trading style and account size.
Summary
The Stochastic EA MT4 Forex Robot is a disciplined automated trading solution that optimizes every trade according to predefined risk and reward parameters.
It combines automated execution, adaptive trade management, and multi-pair compatibility to help traders maintain consistency.
By adjusting the EA’s inputs to match account size and market conditions, traders can achieve steady performance while controlling risk.
