Hello guys!, sharing my hard work in here. So I programmed my very own Expert Advisor (EA). After code optimization and backtesting, it is now running in real account under FBS broker. It is a martingale strategy. However, it has a supporting algorithm for it’s entry points making it more effective in the market. There is no such thing as perfect ea and I am very much aware with the risk involved in martingale strategy. But my ea offers a promising risk-reward ratio.
Let’s say you put 200 USD Cent, and it got wiped out. The best thing to do is invest and try again because this ea has a profit factor of 6.0+ it has a capability of 900% gain, so let’s say this time the ea was able to survive in the market for one year and in that one year you gain almost 900% of your capital, so now you have 900% * capital - 200USD (your first losses). So that’s what I mean when it comes to risk-reward ratio.
My EA setup was in M15 (15 minutes timeframe) attached to GBP/USD pair. As per backtesting 500 USD Cent is the minimum.
Attached the image of backtest result for one year. You can clearly tell in this result that this ea has a capability in the market. The test has a modelling quality of 99.9%.