The EURUSD M1 Robot is an automated trading strategy designed for the EUR/USD currency pair on the M1 (1-minute) timeframe. It employs a combination of technical indicators to generate trade signals and incorporates risk management parameters such as stop loss and take profit levels. This M1 Robot deploys a trend-following volatility-based strategy. Here is an overview of the strategy:
- Entry Lot Size: 0.10 lots (modifiable)
- Stop Loss: 15 pips
- Take Profit: 30 pips
- Indicators Used:
- Moving Average (MA): The EURUSD M1 Robot uses a 20-period Moving Average to determine the market direction.
- Average True Range (ATR): The EURUSD M1 Robot considers a 50-period ATR with a threshold level of 0.0002 to ensure sufficient volatility before entering trades. This prevents entries in low-volatility conditions, reducing the risk of false breakouts.
- Standard Deviation: The 4-period Standard Deviation with a threshold of 0.0004 is used to gauge price dispersion from the mean. This helps filter out insignificant price movements and reduces the chances of entering trades in ranging markets.
- Risk Management Settings:
- Max Spread Protection: Disabled (set to 0), meaning the EA does not avoid trading during high spread conditions.
- Minimum Equity Protection: Also disabled, implying no automatic shut-off when equity drops below a set threshold.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This EURUSD M1 Robot is for educational purposes and is free to download. Get the M1 Robot and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
