The US Oil Trading Robot is an Expert Advisor (EA) designed for trading Brent Crude Oil (CMDUSD) on the M5 (5-minute) timeframe. It operates using a combination of Envelopes and Bollinger Bands indicators to identify trade entries and exits. This FREE MT4 Oil EA follows a mean-reversion strategy with breakout confirmation. Here is an overview of the strategy:
- Lot Size: 0.10 (default entry volume)
- Stop Loss: 1000 pips
- Take Profit: 900 pips
- Indicators Used:
- Envelopes (Period: 18, Deviation: 0.85%) help identify overbought and oversold conditions by creating dynamic upper and lower bands around a moving average, signaling potential reversal points for US Oil Trading.
- Bollinger Bands (Period: 16, Deviation: 3.50) detect volatility and price breakouts by expanding and contracting based on market conditions, with wide bands indicating high volatility and narrow bands suggesting consolidation.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This USOIL MT4 EA is for educational purposes and is free to download. Get the US Oil Trading Robot and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations. 
