Unlocking Potential: Simple RKD EA for MetaTrader 5 Traders

Mike 2010.06.23 19:54 23 0 0
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Hey fellow traders! Today, we're diving into a straightforward yet effective Expert Advisor (EA) that utilizes a custom RKD indicator. If you're looking to enhance your MetaTrader 5 experience, this could be just what you need.

This EA is designed specifically for the popular currency pairs like EUR/USD and GBP/USD, working best on the 30-minute, 1-hour, and 2-hour timeframes. Let's break down what makes this EA tick!

Tested Results

Strategy Tester Report
autoRKD_EA
MetaQuotes-Demo (Build 286)


Settings:
Symbol: GBP/USD (Great British Pound vs US Dollar)
Period: H1 (2010.06.01 - 2010.07.12)
Inputs: Lots=0.10; SL=0; TP=0; MAGIC=666; KDPeriod=30; M1=3; M2=6
Initial Deposit: $3,000.00
Results:
Bars: 358 Ticks: 1,021,990
Total Net Profit: $228.06 Gross Profit: $1,139.65 Gross Loss: $911.59
Profit Factor: 1.25 Expected Payoff: $4.39
Recovery Factor: 0.72 Sharpe Ratio: 4.69
Balance Drawdown:
Absolute: $200.89 Maximal: $224.35 (7.33%) Relative: 7.33% ($224.35)
Equity Drawdown:
Absolute: $242.10 Maximal: $316.03 (10.12%) Relative: 10.12% ($316.03)
Total Trades: 52 Short Positions (win %): 27 (33.33%) Long Positions (win %): 25 (60.00%)
Profit Trades (% of total): 24 (46.15%) Loss Trades (% of total): 28 (53.85%)
Largest Profit Trade: $135.50 Loss Trade: -$102.00
Average Profit Trade: $47.49 Loss Trade: -$32.56
Maximum Consecutive Wins ($): 3 ($232.18) Consecutive Losses ($): 4 (-$126.40)
Maximal Consecutive Profit (count): $232.18 (3) Consecutive Loss (count): -$192.20 (3)
Average Consecutive Wins: 2 Consecutive Losses: 2

Expert Advisor based on a specified custom RKD indicator

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