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EM_VOL -
Strategy Tester Report
EM_VOL
EGlobal-PAMM (Build 427)
Symbol EURUSD (Euro vs US Dollar)
Period 1 Hour (H1) 2012.02.08 00:00 - 2012.06.25 21:00
Model Every tick (the most precise method based on all available least timeframes)
Parameters MMType=1; UseClose=false; UseAdd=true; LotExponent=1.2; slip=3; Lots=0.02; LotsDigits=2; TakeProfit=100; Stoploss=500; TrailStart=10; TrailStop=10; PipStep=100; MaxTrades=30; UseEquityStop=false; TotalEquityRisk=20; UseTrailingStop=true; UseTimeOut=false; MaxTradeOpenHours=2; MaximumRisk=0.001;
Bars in test 2452 Ticks modelled 927548 Modelling quality 90.14%
Mismatched charts errors 9
Initial deposit 10000.00
Total net profit 250.82 Gross profit 514.67 Gross loss -263.86
Profit factor 1.95 Expected payoff 0.71
Absolute Array 297.54 Maximal Array 330.30 (3.29%) Relative Array 3.29% (330.30)
Total trades 352 Short positions (won %) 202 (72.28%) Long positions (won %) 150 (52.67%)
Profit trades (% of total) 225 (63.92%) Loss trades (% of total) 127 (36.08%)
Largest profit trade 83.14 loss trade -35.70
Average profit trade 2.29 loss trade -2.08
Maximum consecutive wins (profit in money) 19 (38.66) consecutive losses (loss in money) 7 (-81.96)
Maximal consecutive profit (count of wins) 84.36 (6) consecutive loss (count of losses) -81.96 (7)
Average consecutive wins 4 consecutive losses 2
EM_VOL.mq4 29.47 kb, 38 downloads since 2014-09-29
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Winning Setting Recommendation:
Based on the code's strategy and parameters, here's a suggested setup:
Money Management Type (MMType): Utilize Type 1 for an exponential lot size increase with each trade, helping to manage risk and maximize gains.
Use Close: Keep this option unchecked to allow the EA to continue trading without closing positions.
Use Add: Enable this feature to let the EA add new positions, potentially enhancing profit opportunities.
Lot Exponent: Set this to 1.2 to achieve a gradual increase in lot size, optimizing risk management.
Take Profit: Consider a value of 100 for taking profits.
Stop Loss: Set a conservative value of 500 to limit potential losses.
Trail Start and Trail Stop: Initiate trailing stops with a start and stop value of 10 pips.
Pip Step: Use a Pip Step of 30 to capture smaller price movements.
Max Trades: Limit the number of open positions to 30.
Use Equity Stop: If you prefer an equity-based stop, enable this option with a Total Equity Risk of 20%.
Use Trailing Stop: Keep this feature on to automate trailing stops.
Use Time Out: If you want to add a time element, activate the Use Time Out feature with a maximum trade open duration of 48 hours.
Maximum Risk: To manage risk, set this to 0.2% or less, depending on your risk tolerance.
Understanding the Strategy:
The EA, named "EM-VOL 1/1vs C," seems to focus on capturing intraday price movements. It looks for opportunities to enter both long and short positions and utilizes dynamic parameters to manage these trades effectively. Here's a breakdown of the strategy without diving into the code itself:
Trailing Stops: This feature helps lock in profits as the price moves in your favor, potentially securing gains.
Equity-Based Stop: The EA can be configured to monitor your account's equity, ensuring you don't overextend your risk.
Money Management: MMType 1 provides a systematic approach to managing your lot size, allowing for exponential growth with each trade.
Time Management: By setting a maximum trade open duration, you can control the lifespan of your positions, aligning with your trading style.
Opinion and Final Thoughts:
The strategy employed by this EA seems to be a well-thought-out approach to Forex trading. With careful customization and disciplined risk management, it has the potential to be a valuable addition to your trading tools.
EM_VOL.mq4 29.47 kb, 1 downloads since 2023-11-09
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