Hi folks,

 

This is a new EA that I created. It trades trends and much time has been spent on exit strategy. There is an element of cost averaging but the EA will normally exit before this hits 4 trades.

The EA uses stop orders for entry and primarily TP for exit, including for losing trades. It does not use a hard stoploss and the trade closure is via TP or internal close.

 It is a multi currency trader and will trade all instruments on the MT4 platform, including CFD's and indices. So far the EA has proven to be very resilient to different brokers. The strategy is robust and should survive for many years to come. 

 The EA will not be available for direct sale and is still technically "under development". I expect to offer the EA under a IB arrangements with a handful of brokers once development and  testing is complete.

Just a quick word about drawdowns.....nobody likes them but it does happen. Anyone says otherwise is lying. This EA is no exception. It is a good robust strategy but it does trade a trend and it enters on the back of a counter trend ie it will buy when the price is attractive(dropping) on the short term but has a long term  up trend behaviour. This means that sometimes price continues in the wrong direction before it reverts to the dominant trend. An instrument can easily reach 5% drawdown before turning.....given the number of instruments traded you could have several instruments in drawdown at the same time. This can get a tad uncomfortable. 

 As a protection, i have created a correlation strategy that will halve the trade size of correlated instruments eg you have a USDJPY trade, if a GBPJPY trade appears, it will be half the USDJPY trade in order to reduce exposure to the JPY. 

 I trade very small trade but given the number of instruments traded, concurrent drawdowns can creep up towards 20%

I would like to draw your attention to a couple of things.....

  • 1. This is a cent account ie the starting balance is just over $1 000 rather than the $100k that you see displayed.
  • 2. I am trading just over 1 lot(cent-based lots), which equated to 0.01 lots on a $ 1 000 account. I consider this to be aggressive. Growth should be good, but there will be drawdowns. Unfortunately, If you trade a non-cent account with $1 000 and minlot is 0.01, the correlated trade strategy will not be able to kick in and you may suffer drawdowns higher than my account.
  • 3. This account only trades forex. My other signal trades forex as well as CFD's and Indices. If this is of interest to you, feel free to subscribe to my other signal, however, you need a bigger account(>$5000) due to the fact that CFD's, commodities and Indices have higher broker defined minimum lot sizes.
Good trading!

  • Growth
  • Equity
  • Balance
  • Risks
  • Distribution
  • Slippage
  • Reviews
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD
Total:
Trades: 7194
Profit Trades: 4224 (58.71%)
Loss Trades: 2970 (41.28%)
Best trade: 20974.22 USD
Worst trade: -14911.66 USD
Gross Profit: 422407.26 USD (534914 pips)
Gross Loss: -470831.27 USD (663264 pips)
Maximum consecutive wins: 20 (1234.90 USD)
Maximal consecutive profit: 27207.07 USD (4)
Sharpe Ratio: -0.02
Trading activity: 71.53%
Max deposit load: 191.16%
Recovery Factor: -0.24
Long Trades: 3469 (48.22%)
Short Trades: 3725 (51.78%)
Profit Factor: 0.90
Expected Payoff: -6.73 USD
Average Profit: 100.00 USD
Average Loss: -158.53 USD
Maximum consecutive losses: 30 (-5181.85 USD)
Maximal consecutive loss: -73268.75 USD (16)
Monthly growth: -46.83%
Annual Forecast: -100.00%
Best trade: 20974.22 USD
Maximum consecutive wins: 20 (1234.90 USD)
Maximal consecutive profit: 27207.07 USD (4)
Worst trade: -14911.66 USD
Maximum consecutive losses: 30 (-5181.85 USD)
Maximal consecutive loss: -73268.75 USD (16)
Drawdown by balance:
Absolute: 50585.57 USD
Maximal: 201472.79 USD (79.36%)
Relative drawdown:
By Balance: 76.76% (201472.79 USD)
By Equity: 77.84% (200506.18 USD)

MFE and MAE Distribution Point Graphs

Maximum profit (MFE) and maximum loss (MAE) values are recorded for each open order during its lifetime. These parameters additionally characterize each closed order using the values of the maximum unrealized potential and maximum permitted risk. MFE/Profit and MAE/Profit distribution graphs display each order as a point with received profit/loss value plotted along the X-axis, while maximum displayed values of potential profit (MFE) and potential loss (MAE) are plotted along the Y-axis.

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Place your cursor over parameters/graph captions to see the best and worst trading series. Find out more about MAE and MFE distributions in the article Mathematics in Trading: How to Estimate Trade Results.

Symbol Deals Sell Buy
USDJPY 2443
EURJPY 1322
EURUSD 1233
EURGBP 737
USDCHF 623
AUDUSD 165
AUDJPY 143
EURCHF 135
NZDUSD 71
USDCAD 44
EURCAD 34
EURAUD 30
AUDCAD 25
NZDCAD 25
GBPCAD 24
XPTUSD 21
USDCNH 20
GBPAUD 18
GBPUSD 15
GBPCHF 11
GBPJPY 10
AUDNZD 10
USDMXN 9
XAGUSD 5
XPDUSD 5
CHFJPY 5
CADJPY 4
XAUUSD 2
XAGEUR 2
USDZAR 1
NZDJPY 1
XAUEUR 1
250500750100012501500175020002250250027503000
250500750100012501500175020002250250027503000
250500750100012501500175020002250250027503000

The average slippage based on execution statistics on real accounts of various brokers is specified in pips. It depends on the difference between the provider's quotes from "RoboForex-ProCent" and the subscriber's quotes, as well as on order execution delays. Lower values mean better quality of copying.

SFM-Live02
0.00 × 1
IMSFX-Live
0.00 × 2
HouseOfBorse-Live
0.00 × 1
ProtonCapital-Live
0.00 × 3
Alpari-Pro.ECN
0.00 × 1
WetradeInternational-Live
0.00 × 2
FCMCY-Live
0.00 × 4
GlobalPrime-Demo
0.00 × 20
EliteTrader-Live
0.00 × 12
Windsor-DEMO
0.00 × 1
IntiMakmur-Live
0.00 × 1
RoyalFXT-Real
0.00 × 2
IkonGroup-Demo 2
0.00 × 13
IntiMakmur-Server
0.00 × 2
TMS-Demo
0.00 × 6
TierOneFX-Demo
0.00 × 17
LMAX-DemoUK
0.00 × 48
MRGMarkets-Real
0.00 × 17
OANDA-MT4 FXTrade JP
0.00 × 10
MaxrichGroup-Real
0.00 × 1
ATCBrokers-Live
0.00 × 36
DSFXLimited-Live
0.00 × 12
JMFinancialBrokerage-Live
0.00 × 14
TTCM-Live
0.00 × 52
LiteForexEU-Classic.com
0.00 × 1
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