Is there a profitable EA on mql or are they all scams? - page 6
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Very familiar story. I went through the same thing, and it cost me roughly $30,000 before I stopped trusting smooth equity curves.
What helped me most was changing what I look at before I trust a system. A few things that repeatedly exposed recovery logic early, especially on gold: Equity drawdown, not balance drawdown. A martingale or grid closes its winners and carries its losers. The balance curve stays beautiful while the floating drawdown quietly grows. If a seller only shows balance, that alone is a signal. Lot size after a loss. Export the trade history and sort by time. If lot sizes step up after losing trades, or several positions open in the same direction at worse prices, it's recovery logic, whatever the description says. Backtest vs. live divergence. Compare the backtest period with the live signal over the same months. Recovery systems often look almost identical in quiet phases and split apart exactly in the trending weeks you describe. Track length in trades, not months. Six months with 60 trades says very little. A recovery system can survive a long time simply because the one bad sequence hasn't arrived yet. Time in losing trades. Winners closed in minutes, losers held for days: that asymmetry is typical and easy to measure.I ended up logging these signals systematically for every EA I look at, and the pattern you describe shows up again and again on XAUUSD. Fully agree on your conservative direction. Fewer trades, no stacking, volatility-based stops.
My question back: when you adapt stops to volatility on gold, do you use ATR on the entry timeframe or a higher one?
I've found the choice changes the behavior in trending weeks quite a lot.
Best regards