This simple but effective 20 Pips a Day Scalping Forex Trading Robot For MT4 is especially developed to trade the major forex pairs EURUSD, GBPUSD and USDJPY on the 5 minute time frame.
The name of this strategy implies that the strategy aims for a 20 pip target. The stop loss under this strategy is set 15 pips away from the entry price. Since, you are trading on major Forex pairs you can expect to have a small spread. This gives you the advantage that the spread plus stop is smaller than the target distance. Because of this you can be profitable with this system in the long run even with a 50% winning rate.
This 20 Pips a Day Scalping Strategy uses a 5 period smoothed moving average (SMMA) and a weighted moving average (WMA) with a relatively big period of 144.
This Forex Robot comes for just $10 and is equipped with the following features
Your Forex Robot will be delivered to you within 24-48 hours of purchase.