We tested the pair USD/CHF on H4 timeframe with our STS_MA_Distance_Tester and it is showing us one closed losing trade and one currently opened short trade.
The current price is at 50 pips from the last opened short trade and hasn't yet touched 10 EMA. Because of the Bearish divergence and the resistance zone, the probability that the price will return back to 10 EMA is higher. 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. 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.
Visit our Forex Signals section to receive real-time trades from our Trading Robots.