About the strategy:
- No Martingale, grid, averaging, hedging and all the dangerous strategy that can instantly brun your account or any other risky trade management methods
- All the trades have a real take profit and stop loss.
- The first priority of my strategy is safety and consistency.
- It is focused on making small profit every day.
- The averange holding time is 3/4 hours.
- Scalping/Intraday trading.
As i said before the strategy consist in making small profit every day, it has six types of possible entry:
- V1 (Forex)
- V2 (Forex)
- V3 (Forex)
- V4 (Forex)
- V5 (Forex)
- Gold (Gold/XAUUSD)
The forex pairs that the EA trades are: EURUSD, EURCHF, EURAUD, EURJPY,EURGBP, EURCAD, GBPUSD, GBPAUD, GBPCAD, GBPCHF, AUDUSD, AUDCAD, AUDNZD, AUDCHF, AUDJPY, USDCAD, USDJPY, USDCHF, NZDUSD, NZDCAD, NZDJPY, CHFJPY; And also XAUUSD (Metals).
Every type of entry have different based strategy, obviously i didn't programmed alle the six strategy in once, the first versions of the EA had only 1/2 types of entry, and gradually as i tested more and more strategies i added the ones that turned out to be profittable; the version of now that i am writing the thread have, as i said before 6 types of entry.
All the backtest are done via manual backtest, and all the pairs that are working are backtested with a minimum of 20 years; why you do not utilize automated backtest? First of all because the EA is a multi-currency coded for mt4, and then i think manual backtest are better, if the EA fail in one specific condition of the market i can adjust the parameters or add new one.
All the question and thoughts related to this EA can be written under this post or with a private message.
Time utilized to code and backtest: Approximately 1 year and 3/6 month.
My monthly target is: 10/15%
2021 August: 9.53%