As we wrote in our Forex Analysis from September 14, 2021, the statistics from backtesting the pair AUD/USD on H4 timeframe with our STS_MA_Distance_Tester show 2 consecutive losing trades. Based on that, we expected the next position to be a winner.
We loaded our STS_MA_Distance_Bot to open long positions when our STS_MA_Distance_Indicator shows a distance of 30 or more pips to 10 EMA. The Trading Robot is also set to open a position on each next H4 candle, if the conditions for distance to 10 EMA are still met.
The bot opened a long trade and closed it when the price touched 10 EMA.
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