The pair USD/CAD on Daily chart is close to the 500 EMA resistance zone. The STS_MA_Distance_Indicator shows 194 pips to 10 EMA. These are enough arguments to expect a possible down movement.
On H4 timeframe the current price is at a distance of 93 pips from 10 EMA. This distance is three times greater than the usual distance to 10 EMA for this pair. For this reason we loaded our STS_MA_Distance_Bot to open a short trade when our STS_MA_Distance_Indicator shows a distance of 50 or more pips to 10 EMA. The Bot is also set to open a position on each next H4 candle, if the conditions for distance to 10 EMA are still met.
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