Live bot example
BarAussieSolo: A Simple AUD/USD Forex Trading Robot
BarAussieSolo is a live Tradeworks example for AUD/USD, averaging around 2% monthly returns historically. It's built as a simple forex trading robot using bar information only.
The "Solo" in the name is about risk control: just one open position at a time. One trade, one forex pair, zero indicators — the simplest possible example of how automated forex trading rules work in live markets.
Gain
+89.36%
Drawdown
20.87%
Tracked
Since 2023
Historical Myfxbook snapshot. Past performance is not indicative of future performance.
Proof first
Verified history snapshot
The Myfxbook page shows BarAussieSolo as a tracked account with a verified track record and trading privileges. The visible growth chart begins in late 2023.
These numbers are presented as a factual snapshot from Myfxbook. They describe what happened in this account after launch and should not be read as a claim about future results.
Gain
+89.36%
Absolute gain
+89.36%
Daily
0.06%
Monthly
1.96%
Maximum drawdown
20.87%
Balance
USD 189.36
Equity
USD 189.36
Highest balance
USD 192.59
Profit
USD 89.36
Deposits
USD 100.00
Withdrawals
USD 0.00
Advanced statistics
Myfxbook advanced statistics snapshot
Broader trade-history context from Myfxbook. These metrics are historical and supporting only — not a prediction of future results.
Trades
354
Pips
1,215.3
Lots
3.54
Commissions
-USD 24.78
Longs won
86/172 (50%)
Shorts won
80/182 (43%)
Best trade
USD 11.30
Worst trade
-USD 18.77
Average win
23.64 pips / USD 2.28
Average loss
-14.41 pips / -USD 1.54
Average trade length
23h 59m
Profit factor
1.31
Sharpe ratio
0.12
Expectancy
3.4 pips / USD 0.25
Myfxbook advanced statistics for BarAussieSolo. Metrics are historical and do not predict future results.
Recent trades
Recent 100-trade snapshot
The following figures describe the latest 100 trades shown in the Tradeworks strategy statistics panel for BarAussieSolo. They are a factual snapshot of this example configuration, not an expectation for future performance.
Total trades
100
Total profit
USD 15.06
Total return
1.51 pips
Maximum drawdown
USD 33.64
Average profit/loss per trade
USD 0.15
Winning trades
61
Losing trades
39
Win rate
61%
Average winning/losing
1.43 / -1.59
Maximum profit/loss
5.48 / -6.94
Average time in all positions
1106 min, 40 sec
Maximum time in position
4981 min, 41 sec
Maximum consecutive losses
1
VaR (95%)
-6.94
Overview
What is BarAussieSolo?
BarAussieSolo is a forex trading robot example built in Tradeworks for the AUD/USD forex pair. The name comes from three parts: Bar (bar data), Aussie (AUD/USD), and Solo (one open position at a time).
The example started with 100 USD and uses 0.01 lots for both long and short trades. It shows how simple rules can be automated: define when to buy, define when to sell, define how positions close, and let the platform apply those rules consistently.
See the rules
How a simple forex trading robot is built in Tradeworks
BarAussieSolo is useful because the logic is visible. You can see exactly how a buy signal, sell signal, and exit signal are put together from plain bar data — in the simplest possible form: one open position, bar rules, no indicators.
The key point: you can turn visible trading rules into an automated strategy without writing code.
Try building rules like this
Long entry
First, the bot checks for a three-day low break
BarAussieSolo opens a buy position when AUD/USD meets a simple three-day low condition.
In plain English, the bot looks for AUD/USD to open below the lows of the previous three daily bars. A short-term M30 open filter is also used before the buy signal can trigger.
Logic checklist
- Current M30 bar open is less than the previous M30 bar open, within a 240-minute window.
- Current M15 bar open is less than the previous D1 low.
- Current M15 bar open is less than the D1 low from two bars ago.
- Current M15 bar open is less than the D1 low from three bars ago.
Short entry
Then, the short setup mirrors the same idea
The short logic mirrors the long logic. Instead of looking below recent daily lows, the bot looks above recent daily highs.
In plain English, the bot looks for AUD/USD to open above the highs of the previous three daily bars, then uses that as the basis for a short entry.
Logic checklist
- Current M30 bar open is greater than the previous M30 bar open, within a 240-minute window.
- Current M15 bar open is greater than the previous D1 high.
- Current M15 bar open is greater than the D1 high from two bars ago.
- Current M15 bar open is greater than the D1 high from three bars ago.
Long exit
Long trades close with H4 higher-high logic
BarAussieSolo does not use a fixed Take Profit Exit Signal in this example. Instead, long trades are closed by a separate exit signal based on H4 highs.
The bot closes long positions when H4 bars show two consecutive higher highs. The exit is still based on bar information, not on an indicator.
Logic checklist
- Current H4 high is greater than the previous H4 high.
- Previous H4 high is greater than the H4 high from two bars ago.
Short exit
Short trades close with H4 lower-low logic
Short positions use the opposite version of the long exit. The bot does not use a fixed Stop Loss Exit Signal or fixed Take Profit Exit Signal in this example.
The bot closes sell trades with an H4 low condition: two consecutive lower lows.
Logic checklist
- Current H4 low is less than the previous H4 low.
- Previous H4 low is less than the H4 low from two bars ago.
Configuration
Configuration summary
Market
AUD/USD
Bot type
Bar-based forex robot
Indicators used
None
Example account start
100 USD
Example trade size
0.01 lots long and short
Maximum open trades
1
Stop Loss / Take Profit
Not active in this example
Trailing stop
Not active in this example
Time-to-close rule
Not active in this example
Same-direction signals
Do nothing
Opposite signal handling
Close existing trade and open the opposite direction
No indicators
Why this forex robot does not use indicators
Many automated forex strategies use indicators for confirmation. BarAussieSolo takes a simpler route: it uses raw bar information instead of indicators such as Relative Strength Index (RSI), MACD, or Moving Average.
It does not ask whether RSI is overbought or oversold. It does not wait for a MACD line event. It does not compare price to a Moving Average. Instead, it checks whether AUD/USD has opened beyond recent daily highs or lows.
- recent daily lows
- recent daily highs
- M15 open prices
- M30 open filters
- H4 highs and lows for exits
This kind of setup can be useful as an educational example because the rules are easy to read inside the Tradeworks Algo Editor. Traders who want more confirmation can later add indicator-based conditions, but BarAussieSolo itself is built without them.
Questions
BarAussieSolo FAQ
Is BarAussieSolo a forex trading robot?
Yes. BarAussieSolo is an automated forex trading robot example built in Tradeworks for AUD/USD. It uses rule-based entry and exit conditions instead of manual trade decisions.
Does BarAussieSolo use RSI, MACD, or Moving Average indicators?
No. BarAussieSolo uses bar information only. It does not use RSI, MACD, Moving Average, Bollinger Bands, or other technical indicators in the example setup.
What pair does BarAussieSolo trade?
BarAussieSolo trades AUD/USD.
How many trades can BarAussieSolo open at once?
The example is configured to allow one open trade at a time.
Does BarAussieSolo use a fixed Stop Loss Exit Signal or Take Profit Exit Signal?
No. In this example configuration, fixed Stop Loss Exit Signal and Take Profit Exit Signal settings are not active. Trades are closed by the bot's exit logic.
Can users change the trade size?
Yes. The example uses 0.01 lots, but trade size can be adjusted in Tradeworks according to the user's own account settings and risk limits.
Does Myfxbook verification predict future results?
No. Myfxbook can show a verified trading history for the example account, but past performance is not indicative of future performance.
Want to explore how this kind of bot is built?
Build automated forex trading rules without code
BarAussieSolo is a simple example of how Tradeworks can automate forex trading rules without code. Start with basic bar logic, add your own conditions, test different settings, and decide which controls fit your own strategy.