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Rules
Specification
Hi guys, i'm looking for a EA that runs a low risk strategy to win the 5%ers 100k bootcamp program, i highly suggest you to go to their page (just search 5%ers) in order to get an idea of what exactly i'm looking for but i will explain here what i need:
1) i want to make 2.5-5% per month with this strategy
2) every trade must have a stop loss, risking no more than 0.5% of the account balance per trade
3) 1:10 leverage
4) no martingale
5) max daily drawdown: 1%
6) the ea must have (i think) a trailing stop loss to lock profits, in particular i want to make sure that once the ea makes 2.5% in 1 month, the ea won't drop below 1.5% gain (for example, if i make 2.5k, make sure that the account won't drop below 1.5k profit, that means that once the ea hits 102.5k, it can't go under 101.5k) and once it hits 5% gain it can stop trading for the month (but not necessarily, continue reading...)
7) on 5%ers, accounts without activity for more than 21 days (let's say 20 just to be safe) will be closed, so in order for me to not loose you also have to adapt the ea to this rule no matter how much % is up or down.
8) on 5%ers, max drawdown is 5%, that means that if i hit -5% i loose.
9) keep in mind that every 5% gain in 5%ers you get a bigger account, starting from 100k up to 125k if you can make 5% (on 100k), then from 125k to 150k if you can make 5% on 125k (6.250k) and so on up to 4M (17 steps), so if you consistently make 2.5-5% per month, in 12-36 month you could have a 4 mil account!
10) it would be nice if you backtested the ea with different settings (different from the default settings that i gave you) in order to optimize the ea for my goals (remember the rules for 5%ers)!
As long as you follow theese simple rules, you can use any strategy you want with any forex pair you want, any time frame you want!
i have seen lots of EAs, , i have spent month on backtesting lots of ea on lots of pairs and different time frames, now i just want a simple EA that can make from 2.5 to 5% monthly (and if you read the rules i'm looking for AT LEAST 1.5% per month), slowly building up. nothing too fancy here.
you can msg me if there is any issue with what i wrote!
Thanks for the time!