Hello fellow traders! Today, I’m excited to share my journey as a beginner in trading, specifically with my very first Expert Advisor (EA) for MetaTrader 4. I would love to hear your thoughts and ratings on it!
About My EA
This EA focuses on the EURUSD currency pair, which is a favorite among many traders due to its volatility and liquidity. I've been testing it over a 1-hour timeframe from January 3, 2005, to January 3, 2008. Here are the key details:
- Symbol: EURUSD (Euro vs US Dollar)
- Testing Period: 2005.01.03 01:00 - 2008.01.03 23:00
- Model: Every tick (the most accurate mode based on the shortest available time frames)
- Parameters: Lots=0.1; F_EMA=15; S_EMA=18; SMA=30; ORDER=6; chk=0
Performance Metrics
Here are some performance metrics from my backtest:
| Initial Deposit: | £3000.00 |
| Net Profit: | £22,854.97 |
| Gross Profit: | £43,365.44 |
| Gross Loss: | -£20,510.47 |
| Profit Factor: | 2.11 |
| Expected Payoff: | £31.92 |
| Maximum Drawdown: | £3,472.87 (13.71%) |
Trade Statistics
The trading stats were quite interesting:
- Total Trades: 716
- Winning Trades: 409 (57.12%)
- Short Positions (Win %): 347 (54.18%)
- Long Positions (Win %): 369 (59.89%)
Win/Loss Analysis
Here’s a quick look at the win/loss analysis:
- Largest Profit Trade: £711.36
- Largest Loss Trade: -£301.33
- Average Profit Trade: £106.03
- Average Loss Trade: -£66.81
In terms of consecutive trades, I observed:
- Maximum Consecutive Wins: 32 (Total Profit: £3,068.88)
- Maximum Consecutive Losses: 18 (Total Loss: -£226.15)
- Average Consecutive Wins: 6
- Average Consecutive Losses: 5
Final Thoughts
Overall, I’m quite pleased with how my EA has performed so far. It’s been a learning curve, and I’m eager to refine my strategies moving forward. If you have experience with EAs or this specific setup, I’d love to hear your feedback!
Comments 0