As we wrote in our Forex Analysis from September 14, 2021, the last 4 trades from the backtest with STS_MA_Distance_Tester are a loss. The statistics of the strategy shows a maximum of 4 consecutive losing trades, backtested on history data of over 5 years. Based on that, our expectations were for the next situation to be profitable.
We loaded our STS_MA_Distance_Bot to open a trade when our STS_MA_Distance_Indicator showed a distance of 30 or more pips to 10 EMA. We set the robot to "long&short" mode because although we expected short positions, it was possible to have conditions for long trades as well, and whatever happened, our Trading Robot would catch it.
The bot opened 2 short positions and closed them when the price touched 10 EMA. We analyzed the pair on September 14, the trades were opened on the September 20 and closed on September 21. This is the advantage of algorithmic trading and the usage of trading robots - they save you lots of screen time and never miss the trade. In comparison, if we had to manually trade the situation, we had to sit in front of the computer for 7 whole days. Get your Trading Robot now!
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