Meet the Author
Hey there, fellow traders! I go by the nickname Vangabestia, and I've been navigating the forex waters for over a decade now. Recently, I’ve decided to dive into the world of Expert Advisors (EAs), and I can’t wait to share my journey with you!
Introducing the Sophia1_1 EA
So, let’s talk about my latest project: the Sophia1_1 EA. This little gem is my first foray into programming with MetaTrader 4. I started by tweaking an existing program called Ilan1.4, focusing on refining the market entry logic. The strategy kicks in when it spots three consecutive candles of the same color in a market that's moving in the opposite direction. For position management, I’ve incorporated trailing stops and a Martingale approach to help maximize potential returns.
Check Out the Strategy in Action
Strategy Tester Report
Sophia1_1
Demo Report (EGlobal-Demo, Build 409)
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Hour (H1) from 2011.08.29 19:00 to 2011.12.29 14:00 | ||||
| Model | Every tick (the most precise method based on all minimal timeframes) | ||||
| Parameters | MMType=1; UseClose=false; UseAdd=true; LotExponent=2; slip=3; Lots=0.01; LotsDigits=2; TakeProfit=100; Stoploss=500; TrailStart=10; TrailStop=10; PipStep=30; MaxTrades=10; UseEquityStop=false; TotalEquityRisk=20; UseTrailingStop=true; UseTimeOut=false; MaxTradeOpenHours=48; | ||||
| Bars Tested | 2190 | Ticks Used for Model | 1,571,051 | Model Quality | 97.21% |
| Chart Errors | 3 | ||||
| Initial Deposit | £10,000.00 | ||||
| Net Total Profit | £386.08 | Gross Profit | £1,325.41 | Gross Loss | -£939.33 |
| Profit Factor | 1.41 | Expected Payoff | £1.30 | ||
| Absolute Drawdown | £1,174.89 | Max Drawdown | £1,278.37 (12.65%) | Relative Drawdown | 12.65% (1,278.37) |
| Total Trades | 296 | Short Positions (Win %) | 137 (81.75%) | Long Positions (Win %) | 159 (77.36%) |
| Profitable Trades (% of Total) | 235 (79.39%) | Loss Trades (% of Total) | 61 (20.61%) | ||
| Largest | Winning Trade | £563.20 | Loss Trade | -£141.59 | |
| Average | Winning Trade | £5.64 | Loss Trade | -£15.40 | |
| Max | Consecutive Wins (Profit) | 22 (£20.68) | Consecutive Losses (Loss) | 8 (-£528.37) | |
| Max | Consecutive Profit (Wins) | £564.50 (2) | Consecutive Loss (Losses) | -£528.37 (8) | |
| Average | Consecutive Wins | 7 | Consecutive Losses | ||
Currently, I’m using the Sophia1_1 EA on a live account with multiple currency pairs including: EURUSD, USDJPY, EURJPY, GBPUSD, AUDUSD, USDCAD, GBPJPY, USDCHF, EURCHF, NZDUSD, and EURGBP. I’m excited to see how it performs in real market conditions!
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