We tested the pair USD/CAD on H4 timeframe with our STS_MA_Distance_Tester and it is currently showing us that the last 3 consecutive trades are at a loss. The statistics of the strategy with a distance of 30 pips to 10 EMA show us a maximum of 4 consecutive losing trades on historical data of over 5 years. We can expect, with high probability, that the next trade will be profitable, based on the backtest.
For this reason we have loaded our STS_MA_Distance_Bot to open a trade when our STS_MA_Distance_Indicator shows a distance of 30 or more pips to 10 EMA. We've set the robot to "long&short" mode because we do not have a clear direction for the next trade and whatever happens, our Bot will catch it. 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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