Author:
Hey fellow traders! I’m excited to share my latest Expert Advisor (EA) designed for the 5-minute chart. While I primarily recommend using it with the EURUSD pair, I’ve found that it also works well with GBPUSD. I haven’t tested every possible pair in the forex market, so I’d love to hear your feedback on this EA. Let’s collaborate to craft a professional trading strategy based on the Taichi and deMarker indicators. Join the discussion on my thread at the MQL forum: https://www.mql5.com/en/forum/109566. Together, we can build an exceptional strategy! 😊
This EA utilizes the deMarker and Stochastic Fast indicators, incorporating hidden stop loss and hidden take profit features. The stop loss is set automatically once the minimum take profit is achieved. I encourage you to test this EA with real money rather than just a demo account. The minimum deposit required is 3,000 PLN or 1,500 USD. I’m eager to hear your thoughts on this trading machine! And remember, the more we learn together, the better EA we can create!
Recommendations:
- Max Loss: 30 pips
- Max Time Frame: 5 MIN
- Pairs: EURUSD / GBPUSD
Strategy Tester Report
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2008.02.20 15:45 - 2008.07.03 17:45 | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | hidden_TakeProfit=60; hidden_StopLoss=30; Lots=0.2; target_tp1=20; target_tp2=35; target_tp3=50; pidem=0; pidemu=14; pisto=0; pistok=5; pistod=3; istslow=3; | ||||
| Bars in Test | 27052 | Ticks Modelled | 681376 | Model Quality | 49.53% |
| Mismatched Charts Errors | 2 | ||||
| Initial Deposit | 1500.00 | ||||
| Total Net Profit | 1528.14 | Gross Profit | 6090.11 | Gross Loss | -4561.97 |
| Profit Factor | 1.33 | Expected Gain | 8.35 | ||
| Absolute Drawdown | 523.09 | Maximal Drawdown | 568.60 (15.88%) | Relative Drawdown | 35.56% (539.09) |
| Total Transactions | 183 | Short Positions (Won %) | 100 (29.00%) | Long Positions (Won %) | 83 (69.88%) |
| Profit Trades (% of Total) | 87 (47.54%) | Loss Trades (% of Total) | 96 (52.46%) | ||
| Biggest | Profit Trade | 245.49 | Loss Trade | -78.51 | |
| Average | Profit Trade | 70.00 | Loss Trade | -47.52 | |
| Maximum | Consecutive Wins (Profit in Money) | 9 (704.16) | Consecutive Losses (Loss in Money) | 10 (-403.02) | |
| Maximal | Consecutive Profit (Count of Wins) | 704.16 (9) | Consecutive Loss (Count of Losses) | -403.02 (10) | |
| Average | Consecutive Wins | 2 | Consecutive Losses | 2 | |
| # | Time | Type | Order | Lots | Price | S/L | T/P | Profit | Balance: |
| 5123 | 2008.03.20 19:08 | Sell | 40 | 0.20 | 1.5454 | 0.0000 | 0.0000 | ||
| 5124 | 2008.03.20 20:28 | Modify | 40 | 0.20 | 1.5454 | 1.5467 | 1.5372 | ||
| 41770 | 2008.06.17 03:45 | Modify | 164 | 0.20 | 1.5469 | 1.5483 | 1.5582 | ||
| 41771 | 2008.06.17 03:45 | Modify | 164 | 0.20 | 1.5469 | 1.5486 | 1.5585 | ||
| 41772 | 2008.06.17 03:45 | Modify | 164 | 0.20 | 1.5469 | 1.5488 | 1.5587 | ||
| 41773 | 2008.06.17 03:45 | Modify | 164 | 0.20 | 1.5469 | 1.5487 | 1.5586 | ||
| 41774 | 2008.06.17 03:45 | Modify | 164 | 0.20 | 1.5469 | 1.5490 | 1.5589 | ||
| 41775 | 2008.06.17 03:45 | Modify | 164 | 0.20 | 1.5469 | 1.5489 | 1.5588 | ||
| 41776 | 2008.06.17 03:45 | Modify | 164 | 0.20 | 1.5469 | 1.5491 | 1.5590 | ||
| 41777 | 2008.06.17 03:45 | Close | 164 | 0.20 | 1.5530 | 1.5491 | 1.5590 | 122.00 | 3499.39 |
| 41778 | 2008.06.17 14:17 | Buy | 165 | 0.20 | 1.5486 | 0.0000 | 0.0000 | ||
| 41779 | 2008.06.17 15:38 | Modify | 165 | 0.20 | 1.5486 | 1.5500 | 1.5569 | ||
| 41780 | 2008.06.17 15:38 | Modify | 165 | 0.20 | 1.5486 | 1.5499 | 1.5568 | ||
| 41781 | 2008.06.17 15:42 | S/L | 165 | 0.20 | 1.5499 | 1.5499 | 1.5568 | 26.00 | 3525.39 |
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