Author of the idea: Sergey, MQL5 code author: barabashkakvn.
The Nevalyashka3_1 EA is designed to confidently navigate the forex waters, particularly with EURUSD. While it shows promise for positive gains, be mindful of the potential drawdown that comes with it.
Here's the scoop: on most trading days, EURUSD experiences an average price change of over 60 pips. In fact, for about 90% of the week, the trading volume exceeds 200 pips. This suggests a solid upward trajectory for at least three days each week, with minimal weekly fluctuations.
The trading strategy is straightforward: set your stop loss at 60 pips plus an extra 10 pips to cushion against accidental hits. This brings your stop loss to 70 pips. For take profit, aim for 190 pips (200 pips minus 10 pips for the spread and the minimum trade distance).
When opening a lot with this stop loss and take profit configuration (70/190), you will trail the stop order by 10 pips for every 10 pips gained. This strategy helps to lock in profits and ensures that your stop order is always positioned at the weekly low or high, effectively closing out trades by the week’s end.
In theory, this approach can yield profits equivalent to the average weekly volume of 200 pips every 1.5 weeks.
After optimizing the EA for EURUSD on the M5 timeframe from January 1, 2016, to March 2, 2017, with an initial deposit of 10,000, the results have been promising (the parameters are already integrated into the EA):
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