(Back test from 60 minute EURUSD chart, 1-1-2011 to 1-1-2012)
Almost a 45% return over a year, winning 70% of all trades, with a nice slope to the equity curve.
With optimization, it even generates some profit on GBPUSD:
(Back test from 60 minute GBPUSD chart, 1-1-2011 to 1-1-2012)
Not quite as impressive as EURUSD, but a 12% return and 76% win rate.
It hasn't been demo tested yet, so may yet fail. If you download the robot, it's set to run on EURUSD on the 60 minute chart. You'll have to adjust the settings for other currency pairs. The only other pair I back tested on was GBPUSD.
It works by waiting for candles to exceed the upper or lower bands of the Bollinger Band indicator. Then it places pending orders above or below that candle, waiting for a reversal.
This is the first of my modern robots that back tests well which I am releasing for free. Use at your own risk.
