The currency pair AUD/JPY on Daily chart forms Bullish Divergence with RSI 6 period in the support zone of 500 EMA. Our STS_MA_Distance_Indicator shows 157 pips distance up to 10 EMA.
Today is the last day of the month and is a good timing for opening long positions because of the above arguments. We chose to load our STS_MA_Distance_Bot on H4 timeframe, with Daily 10 EMA for target, to enter from better levels and possibly with more orders. The Bot will open long positions on each H4 candle if the distance to 10 EMA is 50 or more pips.
This is the advantage of algorithmic trading and the use of bots. They will execute the strategy accurately and precisely, without having to wait for days and hours in front of the monitors.
More about the trading strategy: https://www.youtube.com/watch?v=YxlMRVQzAEE
How the Robot works: https://www.youtube.com/watch?v=jJudnLRhtXY
Buy your STS_MA_Distance_Bot now: https://smarttradingsoftware.com/en/expert-advisors/prd/sts-ma-distance-bot/
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