The current price is at a resistance from 500 EMA. The STS_MA_Distance_Indicator shows a distance of 48 pips to10 ЕМА. The Мoving Аverages (200 EMA and 500 EMA) are still not crossed and the distance between them is 78 pips. This gives us reason to believe that the price will make a downward movement with a target at least 10 EMA. That's why we loaded our STS_MA_Distance_Bot to open short positions on each H4 candle if the Techical Indicator shows 40 or more pips to 10 EMA. The Trading Robot will open positions on each subsequent H4 candle if the conditions for distance to the 10 EMA are present. Currently, the Bot opened a short position.
This is the advantage of Algorithmic Trading and the use of Trading Robots. The Bot will play exactly our analysis, without us having to stand for hours in front of the monitor and wait for the conditions to match. It will also close the positions exactly when the price touches 10 EMA.
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