Don’t tell him I told you, but Big Pippin practically begged me to test this forex system out because the name caught his attention! This expert advisor was developed by author David Alfonsi and is included in the MLQ4 codebase.
According to the description, this system waits for the price to make a strong fluctuation in a specified amount of time then opens a reverse position with a grid of limits. Sound interesting enough? Here are the backtest results using the recommended EUR/USD 1-minute time frame:
Number of trades 5
Profit/Loss in % 1.60%
Win ratio 80.00%
Largest profit 1.27%
Average profit 0.61%
Average loss 0.86%
Maximum drawdown 0.86%