Hi. I have this ea which I have been building and optimizing about half a year now. For every test, no matter if its based on OHLC readings or tick-by-tick data, or time period, it has always given profit factor of at least 2, usually over 5. Estimated monthly growth would be 10-40 %, depending on the risk level.
The ea uses multiple timeframes and indicators to find most comfortable trading opportunities, but here’s the basic idea:
It buys when 5-min chart has been in long and powerful uptrend, and then it has a pullback down. When RSI is below 30 and then crosses above it, the buy order happens. Sell orders have the same principle reversed, the sell order happens when RSI crosses below 70.
Trades happen approximately 4-5 times a week.
The most interesting thing is that my ea has enormous stop-loss levels compared to tp: when a stop-loss happens, 52 take-profits are needed to cover it.
However, backtest result shows that the big sl does not ruin the ea. Failed trades happens 1-2 times a year, when only 2-3 months are needed to come back profitable.
I will attach 3 pictures: One of a test with 30% risk, one with a 0.05% and a chart that shows some example trades.
What do you think, is this ea really profitable or just misleading? Should I open a PAMM account and start making some change?
EDIT: Oh, the attach image quality is very bad
I’ll attach them again in a .zip file
backtests.zip (706 KB)