Trend following and retracement. If moving averages confirm the required market conditions, price action is used to generate trading signals.
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All GBPUSD backtests are performed with a 2 pips spread which is normal for this pair. The more tighter spreads are, the more enhanced overall profitability of the system while higher spreads up to 2.5 pips will not affect the EA trading performance, it's only affected when spreads are more than 3 pips.
If multiple EAs are simultaneously trading on the same accounts and the profits are constantly withdrawn monthly, fixed lots can be used. This test excludes the compounding hiding drawdowns effects to better study the equity curve.
If fixed lot is set to any value more than zero, any Max_Allocation_Per_Trade parameter value will be ignored by default.
This backtest was performed using CabEX EA with its default settings which are the recommended by its developers.
If Max_Allocation_Per_Trade is set to "6", this is considered a medium risk level which is suitable for most trades for overall profits of 50 to 70% per year.
The maximum drawdown in this backtest over 5 years is 22% which is the worst possible drawdown value for the EA above which indicates failure or Market behavior change and stopping trading the EA is then recommended.
If Max_Allocation_Per_Trade is set to "4", this is considered a low risk level which is suitable for most trades for overall profits of 20 to 40% per year.
The worst possible drawdown recorded by this test is 25% above which may indicates strategy failure or Market behavior change and stopping trading the EA is then recommended.
If Max_Allocation_Per_Trade is set to "8", this is considered a Very High risk level which is suitable for most trades for overall profits of 60 to 100% per year.
The worst possible drawdown recorded by this test is 50% above which may indicates strategy failure or Market behavior change and stopping trading the EA is then recommended.
This 13 year backtest was performed on MetaQuotes data that consists of gaps and is considered of very low quality.
A protective server side TP and SL limits are set to 500 and 120 pips respectively which are verey rarely allowed to be touched, with a hidden TP limit of 60 pips and a hidden SL limit of 300 pips, so when the market moves in favor of the opened trade and gain is above 50 pips, the hidden SL is adjusted to breakeven and if the gain is 100 pips, the hidden TSL is set to 50 pips, and this is readjusted every 50 pips by the dynamic trailing stop system, while the EA spares enough space for opened trades not to be closed by minor market movements.
A built-in money management system comes with the EA to allow it to use a user preset portion of the account balance, so it can be used with other EAs simultaneously on the same account with the ability to use fixed lot size.
Other parameters included with the EA allows the trader to set limits for TP and SL in addition to the trailing stop settings.
Start and end times for the trading week can be set to freely adjust the trading times while the opened positions can be set to be closed before the market shut down to avoid weekend gaps.
CabEX EA has achieved about 1:1.5 risk-reward-ratio which if combined with about 50% hit ratio indicates excellent performance.
Long drawdown periods are predicted due to the relatively low hit ratio in addition to the med-term targeted trading behavior of the EA.
The EA trading rate is expected to be 100 trades per year.