About the UP Bot 1 Pivot Point Expert Advisor
The UP Bot 1 Pivot Point MetaTrader 4 Forex Robot is a sophisticated Expert Advisor (EA) that operates without relying on traditional technical indicators.
Instead, it utilizes a unique approach by analyzing only the price values of current and previous bars to make trading decisions.
This streamlined methodology reduces market noise and focuses on pure price action analysis.
The core philosophy behind this Expert Advisor centers on identifying and capitalizing on pivot points in the market.
These critical price levels often serve as support and resistance areas where significant price movements occur. B
y scanning for these pivot points with precision, the UP Bot 1 can enter positions at optimal moments, maximizing profit potential while minimizing risk exposure.
Free Download
Download the “s7_up_bot_1.00.mq4” MT4 robot
Key Features
Advanced Pivot Point Detection
Sophisticated algorithms scan market data to identify genuine pivot points with high accuracy, filtering out false signals that plague many trading systems.
Automated Risk Management
Built-in stop loss and take profit mechanisms protect your capital while securing gains automatically, eliminating emotional trading decisions.
Dynamic Stop Loss Calculation
When stop loss is set to zero, the EA intelligently calculates optimal stop loss levels based on market volatility and price structure.
Multi-Timeframe Compatibility
Functions seamlessly across all major timeframes from 1-minute scalping to monthly position trading strategies.
Universal Currency Pair Support
Compatible with all forex pairs, commodities, and indices, providing flexibility for diverse trading portfolios.
Strategy Tester Report
Find below the UP Bot 1 forex robot strategy tester report for the EUR/USD forex pair on the 5-minute chart.
Overall Performance
The UP Bot 1 demonstrated impressive performance during extensive backtesting on EUR/USD 5-minute charts.
Over 34,513 bars of historical data, the EA executed 101 trades with a total net profit of $195.82 from an initial deposit of $1,000.
The largest winning trade generated $77.70, while the maximum drawdown was limited to just $12.04, showcasing excellent risk control.
With a maximum of 2 consecutive wins and losses, the system maintains balanced performance without dangerous streaks.
Statistics:
Bars in test: 34513 ticks modelled
Initial deposit: $1000.00
Total net profit: $195.82
Total trades: 101
Largest profit trade: $77.70
Largest loss trade: -$12.04
Consecutive wins: 2
Consecutive losses: 2
How the EA Works
- Continuously scans price data for pivot point formations
- Identifies high-probability reversal and continuation patterns
- Places market orders at optimal pivot point locations
- Automatically sets stop loss and take profit levels
- Monitors positions for trailing stop opportunities
- Calculates position sizing based on account equity
- Manages multiple trades simultaneously with magic number identification
Download Now
Download the “s7_up_bot_1.00.ex4” Metatrader 4 robot
Parameters & Settings
- TakeProfit: Set your profit target in pips
- StopLoss: Define maximum loss per trade (set to 0 for auto-calculation)
- HLdivergence: High-low divergence sensitivity setting
- SpanPrice: Price span calculation parameter
- Lots: Position size for each trade
- MaxTrades: Maximum concurrent positions
- Slippage: Acceptable price slippage in pips
- MagicNumber: Unique identifier for EA trades
- TrailingStop: Enable/disable trailing stop functionality
- TrailStopLoss: Trailing stop distance in pips
Recommended Trading Setup
- Minimum account balance: $500 for proper risk management
- Recommended lot size: 0.01 per $1000 account balance
- Optimal timeframes: 5-minute to 1-hour charts
- Best currency pairs: Major pairs (EUR/USD, GBP/USD, USD/JPY)
- VPS hosting is recommended for 24/7 operation
- Low spread broker (under 2 pips) for optimal performance
- ECN or STP account type preferred
FAQ
Do I need previous trading experience to use this EA?
No prior experience is necessary. The EA handles all trading decisions automatically, though basic MetaTrader 4 knowledge is helpful for installation and monitoring.
Can I run multiple EAs simultaneously?
Yes, UP Bot 1 uses unique magic numbers to identify its trades, allowing safe operation alongside other Expert Advisors.
How much capital do I need to start?
While the EA can work with any account size, we recommend a minimum of $500 for proper risk management and optimal performance.
Is the EA compatible with all brokers?
UP Bot 1 works with most MT4 brokers, but performs best with ECN/STP brokers offering low spreads and fast execution speeds.
Summary
The UP Bot 1 Pivot Point MetaTrader 4 Forex Robot represents a sophisticated approach to automated trading, combining the reliability of pivot point analysis with advanced risk management features.
Its unique methodology of using pure price action without traditional indicators makes it a valuable addition to any trader’s toolkit.
With comprehensive customization options, multi-timeframe compatibility, and proven backtesting results, this free Expert Advisor offers professional-grade trading capabilities accessible to traders at all levels.
Download now and experience the benefits of algorithmic trading with the UP Bot 1 Pivot Point Expert Advisor.
