Welcome to our in-depth look at the GoodG@bi Expert Advisor (EA) for MetaTrader 4! If you're on the hunt for a reliable trading system, you're in the right place. Let's break down what makes this EA tick and how it has performed over time.
Back-Testing Insights
When you're evaluating an EA, back-testing and forward-testing can reveal a lot about its potential. Here’s a glimpse into GoodG@bi’s performance:
Settings 1
Date Tested: January 1, 2010 to August 31, 2010
Currency: EURUSD
Time Frame: H1
Minimum Deposit: $50
Trade Type: Short Only
Lot Size: Auto
Maximum Drawdown: $603.00 (76.83%)
Positions Won: 57
Positions Lost: 0
Result: An incredible ROI of 1824%! (Your $50 would have grown to $912.37 during this period.)
Settings 2
Date Tested: December 1, 2010 to March 8, 2011
Currency: EURUSD
Time Frame: H1
Minimum Deposit: $50
Trade Type: Long Only
Lot Size: Auto
Maximum Drawdown: $328.00 (29.55%)
Positions Won: 25
Positions Lost: 0
Result: A fantastic ROI of 2382%! (Your $50 would have soared to $1191.19 during this period.)
What We Learned
It’s clear that this EA has the potential to join the ranks of the top 5 most profitable expert advisors ever. Here’s what we’ve gleaned:
- During the first testing period, the market was in a downward trend, making 'short only' trades the way to go. This strategy paid off with zero losses.
- The months following saw indecision in the market, leading to a 'no trade' recommendation as the fluctuations could have resulted in unpredictable outcomes.
- Conversely, the second testing phase revealed a bullish trend, allowing for 'long only' trades, which again resulted in zero losses.
If we could devise a method to predict market trends based on previous data, we could create a truly 'perfect' EA that minimizes risk and maximizes profit.
Calling All Programmers!
If you’re a programmer interested in contributing, here are some suggestions to enhance this project:
- Add code to detect trends over a longer historical period (6 months or more).
- Implement functionality to switch between 'short only' and 'long only' modes based on the prevailing trend.
- Incorporate logic to identify flat trends and halt trading during these periods.
- Include additional features that enhance the EA’s safety, keeping the goal of zero losses in mind.
In conclusion, GoodG@bi shows impressive potential, and with a few tweaks, it could become an even more powerful tool in your trading arsenal. Happy trading!
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