As we expected in our Forex Analysis from July 29, 2021, the pair GBP/USD on H4 timeframe made a movement in the direction of the downtrend.
Our STS_MA_Distance_Bot was loaded to open short positions on each H4 candle when STS_MA_Distance_Indicator shows 50 pips distance to 10 EMA. The conditions were met in 3 consecutive H4 candles, so the Bot opened 3 short positions. It closed them when the price returned to 10 EMA.
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