Pendulum 1_01.mq4
Copyright © BFE2006
BFE2006@yandex.ru
Understanding the Pendulum 1_01 Parameters
The Pendulum 1_01 is a robust trading system designed for MetaTrader 4 that automates your trading process. Here’s what it does:
- It sets up two starting pending orders for both buying and selling. The lot size is calculated automatically based on your deposit and can range from 0.01 to 0.07 lots, considering the size of the last two daily bars.
- Pending orders are adjusted as the market moves, trailing the price until one gets triggered.
- Once an order triggers, it modifies the opposite order according to leverage levels, disabling trailing to establish clear trading boundaries.
- When the price reverses, the system places a new pending order in the opposite direction with increased leverage, creating a pendulum effect. This disables pipsing.
- The system keeps an eye on gross profit and loss, automatically calculating profit percentages from 2% to 0.2%. It will close all orders when there’s a profit.
Strategy Tester Report for Pendulum 1_01
iPForex-Server (Build 216)
Trading Pair: EUR/USD (Euro vs US Dollar)
Testing Period: January 3, 2005 - May 30, 2008
Model: Every tick (the most accurate method based on all available timeframes)
Bars in test: 1889
Ticks modeled: 6,589,765
Initial deposit: £700.00
Total net profit: £1,430.68
Gross profit: £10,835.78
Gross loss: -£9,405.11
Profit factor: 1.15
Expected payoff: £1.01
Absolute drawdown: £78.47
Maximum drawdown: £530.91 (31.39%)
Relative drawdown: 39.42% (£422.88)
Total trades: 1417
Short positions (% won): 704 (78.69%)
Long positions (% won): 713 (87.10%)
Profitable trades (% of total): 1175 (82.92%)
Losing trades (% of total): 242 (17.08%)
Largest profit trade: £617.73
Largest loss trade: -£606.91
Average profit trade: £9.22
Average loss trade: -£38.86
Maximum consecutive wins: 27 (Profit: £44.91)
Maximum consecutive losses: 1 (Loss: -£606.91)
Average consecutive wins: 5
Average consecutive losses: 1
Figure 1
Trading Pair: EUR/USD (Euro vs US Dollar)
Testing Period: January 3, 2005 - May 30, 2008
Model: Every tick (the most precise method based on all available timeframes)
Initial deposit: £5,000.00
Total net profit: £6,162.48
Figure 2
Related Posts
- Harnessing MQL5 Wizard for Trading Signals: 3 Black Crows & 3 White Soldiers with MFI
- Creating a Stochastic-Based EA for Hammer and Hanging Man Patterns in MetaTrader 5
- Mastering Bullish and Bearish Harami Patterns with Stochastic in MT5
- Creating an Expert Advisor for Dark Cloud Cover and Piercing Line Patterns with CCI Confirmation
- Mastering Trading Signals with MQL5 Wizard: Bullish and Bearish Engulfing Strategies