The five free trading robots for MT4 & MT5 from the collection are operating on the M15 (15-minute) timeframe. Each EA is optimized for a specific currency pair and follows an automated trading strategy. The robots use a combination of technical indicators, such as the Force Index, Envelopes, Relative Vigor Index (RVI), and Williams’ Percent Range (WPR), to determine market entries and exits. Here is overview of the strategies behind the free trading robots for MT4 & MT5:
1. EA Studio EURGBP M15
- Stop Loss: 55 pips
- Take Profit: 71 pips
- Indicators Used:
- Force Index (13-period) – Measures market strength based on price and volume.
- Envelopes (16-period, 0.91% deviation) – Identifies overbought and oversold conditions relative to a moving average.
2. EA Studio EURJPY M15
- Stop Loss: 96 pips
- Take Profit: 96 pips
- Indicators Used:
- Relative Vigor Index (RVI) Signal (26-period) – Measures price momentum and trend strength.
- Williams’ Percent Range (WPR) (51-period, -99.0 level) – Identifies overbought and oversold conditions for reversals.
3. EA Studio GBPJPY M15
- Stop Loss: 65 pips
- Take Profit: 97 pips
- Indicators Used:
- Moving Average (17-period, 0 shift) – Determines the trend direction.
- Williams’ Percent Range (WPR) (15-period, -39.0 level) – Identifies overbought and oversold conditions for potential reversals.
4. EA Studio GBPUSD M15
- Stop Loss: 73 pips
- Take Profit: 73 pips
- Indicators Used:
- Moving Average (50-period, 0 shift) – Determines long-term trend direction.
- Average True Range (ATR) (50-period, 0.0047 level) – Measures market volatility.
- Accelerator Oscillator (0.0000 level) – Identifies market momentum shifts.
- Bollinger Bands (19-period, 1.97 deviation) – Detects price breakouts and trend continuation signals.
5. EA Studio USDJPY M15
- Stop Loss: 28 pips
- Take Profit: 40 pips
- Indicators Used:
- RSI (45-period, 66 level) – Identifies overbought and oversold market conditions.
- Stochastic Oscillator (12, 4, 4, 20.0 level) – Measures momentum and trend exhaustion.
- Momentum Indicator (35-period, 100.7 level) – Determines market strength.
- Stochastic Oscillator (5, 3, 5, 85.0 level) – Confirms price momentum and trend reversals.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Collection of Expert Advisors is for educational purposes and is free to download. Get the Free Trading Robots for MT4 & MT5 and test them on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations. 