The currency pair GBP/AUD on a Daily chart is in the support zone of 500 EMA. The price forms a Bullish Divergence with RSI 6 period. Currently our STS_MA_Distance_Indicator shows 112 pips distance to 10 EMA. This gives us reason to expect that the price will make an upward movement with a target of at least 10 EMA. That's why we loaded our STS_MA_Distance_Bot to open long positions on each daily candle if the price is at a distance of 100 pips or more.
This is the advantage of Algorithmic Trading and the use of Trading Robots. The Bot will play exactly our analysis without having to wait for days and hours for the conditions to coincide in order to execute trades manually. It will also close the positions exactly when the price touches 10 EMA.
More about the trading strategy: https://smarttradingsoftware.com/en/trading-strategies/ma-distance-strategy/
How the Robot works: https://smarttradingsoftware.com/en/expert-advisors/prd/sts-ma-distance-bot/
Visit our Forex Signals section to receive real-time trades from our Trading Robots. Get your FREE Forex Signals Plan now and follow our Forex Trading Signals for 30 days absolutely free.
