Mean Reversion EA For Funded Traders
- Experten
- Kanic Technology Company Limited
- Version: 2.0
- Aktualisiert: 30 August 2024
- Aktivierungen: 5
This EA is designed for me to trade as a funded trader. Also, It will help you achieve success in the fast-paced world of forex trading. With advanced algorithms and customizable settings, this EA is perfect for you guys looking to enter the market. What makes my EA unique is its ability to be used for funded trading with prop firms, making it a valuable asset for those looking to pass the evaluation process and become a funded trader.
Introduction to the Bot:
- This is a trading bot for AUDCAD on MT5.
- It identifies market fluctuations and capitalizes on the reversion to the mean, helping traders profit from price corrections
- Currency pair: AUDCAD
- Timeframe: H1 (1 hour)
- Type of account: Swing
- Account size to challenge: $10 000
- Trading lot size: 0.2 lot
*** IMPORTANT: If you change the account size, you need to adjust the corresponding trading lot size, as this will affect the Maximum Virtual Daily Loss (the Maximum Virtual Daily Loss is typically around 5% of the account size). In this case, Risk ruin is about 5% with Maximum Virtual Daily Loss $500.*** NOTE: If you use this robot for a personal account (not a funded account), you will not have to strictly adhere to the Maximum Virtual Daily Loss rule. In this case, you can use the trading volume to around 0.2 lot for an account size of $1 000, with a median drawdown of 20%, ruin 0%. However, it's important to always consider market conditions and your own risk tolerance before adjusting your trading volume.
Backtesting Environment
- Tested with different brokers.
- Works on time frames like H1, H2, H3. Best results on H1.
- Includes realistic trading costs like slippage, commission and swap.
- Tested with advanced methods such as Walk Forward Matrix, Monte Carlo Simulation and Risk Management Technique.
Backtesting Results
- Performance on MT5:
- Number of trades: 25 trades/year
- Profit Factor: 3.04
- Sharpe Ratio: 2.33
- Drawdown: 3.59%
- Performance on SQX (StrategyQuant X), a professional backtesting software:
- Number of trades: 35 trades/year
- Profit Factor: 2.84
- Sharpe Ratio: 1.14
- Drawdown: 4.55%
