As we wrote in our Analysis from 29.09.2021, the currency pair GBP/USD was in the support zone of 500 EMA and the STS_MA_Distance_Indicator showed a distance of 171 pips to 10 EMA.
Based on that, we had loaded our STS_MA_Distance_Bot to open long positions on each day candle if the distance to 10 EMA was 150 or more pips. The Trading Robot opened a long position and the price accelerated sharply in the upward direction over the next two days. We defended the position with a stop loss at zero risk and left it to develop for a larger target. Currently, our Indicator shows 95 pips to 10 EMA and this is a signal (in the opposite direction - sell) to our Trading Strategy on Daily chart. That is why we closed the long position.
Learn more about the strategy here: https://smarttradingsoftware.com/en/trading-strategies/ma-distance-strategy/
See how the Robot works: https://smarttradingsoftware.com/en/expert-advisors/prd/sts-ma-distance-bot/
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