Testing the EUR/JPY currency pair on H4 timeframe, our STS_MA_Distance_Tester shows that the last trade from the Strategy cycle with a distance of 30 pips to 10 EMA is a loser.
Currently, the price is moving upwards and forms a Bearish Divergence (with RSI 6 period) in the resistance zone of 500 EMA. The Moving Averages are still far apart and pointing to a downtrend. The Technical Indicator currently shows 23.8 pips to 10 EMA. This gives us reason to expect that the next situation for the Trading Strategy will be profitable. That's why we loaded our STS_MA_Distance_Bot to open short positions on each H4 candle if the STS_MA_Distance_Indicator shows a distance of 30 or more pips to 10 EMA. The Trading Robot is set to close all positions when the price goes back to 10 EMA.
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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