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
Strategy Tester Report
Find below the Stochastic forex robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
Overall 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
Download
Download the “Macd Power.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Stochastic
Installation
Copy and paste the Stochastic.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)