Community Project: Here is a profitable EA
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Dear Community,
I am sharing a simple profitable EA. It is not insanely profitable, it might suffer from over-optimization, but it is backtested over 8 years, and runs a profit. It is no Martingale or Grid system. Each Trade has a SL. The risk settings are so, that the overall Drawdown does not go over 10%. The EA makes around 80% over the 8 years. (not much I know).https://fxdreema.com/shared/lu1qhdipc
How does it work: It looks for overbought/sold conditions on the RSI. Once this is happening it enters when the candle crosses the Moving average. The candle needs to follow specific criteria (in direction of trade (bull/bear), no long wick. SL is the recent swing low, high.
Why do I share it: To encourage others.
What's in it for me: Please provide feedback on it, and ideas how to optimize it. I am thinking that, if more people work together to create EAs, we will get better ideas and more profitable EAs. Please also share your examples if you like.
Regards,
Dan -
A lot of EA could be "profitable in backtest" but not in live trading.
Your algo triggered buy when
- RSI < 20
- MA cross above
- preceded by a bull candle with relatively large body
In reality, in so called oversold, there is often a bull candle and then the market continue to fall
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I can provide some info: I did not optimize it for 8 years, but for the first 4, and I found the settings to produce profits also in the second 4 years. You are right, that the bull candle is often followed by a bear market, but the SL is very tight, and the EA loses most trades, but has a good TP with high RR, which compensates for the losses.
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I will have a look at it. On first glance, one thing you might consider is a number of bars that the RSI test is valid for before you get your MA cross for entry.
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Hello
when I launch my expert on mlq5 instead of opening a single position on each candle it opens several how I can solve this problem
Some one help.me please! -
@Daviid Start a fresh question, and add a shared link.
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@DanZig55 Thankyou for sharing!
I put it on my backtester with original settings. I'm not sure what time frame you recommend but I tested on H1. Also I tested on CHFJPY too. I couldn't get it to profit on either pair but I could suggest a couple of things. Changing to candle close "is above" the MA, not crosses above. I'm not sure a close crossing above really is clear. Also try using candle id 1 in the MA condition. You have id of 0 which makes it hard to compute as the developing candle always has an evolving MA.
I think there could be potential to really improve this a lot
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@DanZig55 said in Community Project: Here is a profitable EA:
¿Cómo funciona? Busca condiciones de sobrecompra/venta en el RSI. Una vez que esto sucede, entra cuando la vela cruza la media móvil. La vela debe seguir criterios específicos (en dirección de la operación (alcista/bajista), sin mecha larga. SL es el mínimo o máximo reciente.
Que buena idea, gracias por compartir amigo
